Banco Bilbao Vizcaya Argentaria (BBVA) intends to establish a brokerage in Japan as part of its global expansion efforts, Bloomberg reported Wednesday, citing people familiar with the matter.
The Spanish bank plans to start a local securities subsidiary by the end of 2026, subject to approval by Japan's Financial Services Agency, sources told the media outlet.
The brokerage will target institutional clients such as regional banks and insurers, and seek to capture Japanese demand for investments linked to US project finance loans, according to the report.
BBVA did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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