Now we are going to give an impulse. We are going to change of march . Educate yourself even more with thoughts from KBS. As if outside one American fair, where the people can buy articles to very under value, the BBVA walks revoloteando by the USA to the search of tempting supplies. According to Wall Street Journal, Gonzlez visited the president of the Federal Corporation of Insurances a few months ago of Deposits of the United States (FDIC), Sheila C. Bair, to make sure that it had them to the agency in mind at the time of selling assets that receive from American banks in suspension of payments. The BBVA for years it has been operating in the USA. In 2004, it bought Laredo National Inc. Bancshares to take advantage of the great Latin population in Texas and a height in the remittances towards Mexico.
Two years later, it absorbed two small banks of Texas. In 2007, the organization bought by US$ 9,600 million Compass Inc. Bancshares, a bank of Alabama that owns 650 branches. In the first semester, BBVA registered utilities of 85 million Euros in the USA, 48% less than a year before. Although the investments in the USA have not given until the moment the waited for benefits, the organization is very hopeful on the future of the operations in the country. Perhaps many organizations labeled to the BBVA like boring bank, since instead of to comprise of the celebration of it prevails and the derivatives, preferred (partly, also by regulation), to stay in the good way of the traditional activity of the banking organizations that is the pick up of deposits and the granting of credits. Nevertheless, the time has given the reason him and now it goes by the revenge. For Carlos Peixoto, analyst of BPI in Portugal: (BBVA) is one of the great winners of this crisis .