According to a careful analysis of Bank of Spain data accessed by this newspaper, the union of BBVA and Sabadell will create a giant with an office market share of more than 60% in at least 50 Spanish municipalities. with figures that reach between 67% and 75% in areas of Barcelona such as Canet del Mar, Sant Pere de Ribes or Polinha, where it must be taken into account that the number of banking offices is currently already very limited.
Some areas of Tarragona and Girona also reach these figures, including the council of Pilogna (Asturias), where the resulting structure will take over more than 67% of the banking business. The new bank’s share will also exceed 50% in more than one hundred municipalities. At this level will be the areas of Leon and the Valencian Community, where Alicante will be particularly affected.
On the other hand, in some regions of Navarre it will not exceed 25%, while in other northern communities such as the Basque Country, where BBVA has a strong presence, in addition to maintaining its headquarters in Bilbao, there are areas in which it can occupy up to 50% of the market.
Thus, everything indicates that the National Commission for Markets and Competition (CNMC) will play a very important role in the final terms of operation, so that if it goes ahead, clients of both organizations will not suffer significant changes in terms of services. . current.
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