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The roots of Spanish banking internationalisation: BBVA and Santander

Joaquím Cuevas (), Pablo Martin-Acena and María Ángeles Pons ()
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Joaquím Cuevas: Universidad de Valencia, Spain
María Ángeles Pons: Universidad de Valencia, Spain

No 1809, Documentos de Trabajo (DT-AEHE) from Asociacion Espa–ola de Historia Economica

Abstract: Since the 1990s, BBVA and Banco Santander have undergone a huge transformation; they have gone from being two of the largest Spanish banks to two of the world’s biggest. Although the internationalisation process intensified from the 1990s on, some of the banks that were merged to form BBVA and Banco Santander had a previous history of internationalisation. This paper addresses two main issues. Firstly, we explore why Spanish banks internationalise and why Latin America has been the main region of expansion for these two banks. Secondly, we examine how Spanish banks internationalise and how BBVA and Santander adopted different internationalisation strategies. To that end, the paper examines the roots of international expansion and explains the main changes occurring in the 1990s that encouraged the internationalisation process of both banks.

Keywords: Spain; Financial history; Banks; Globalisation; Market entry (search for similar items in EconPapers)
JEL-codes: F23 G21 M16 N20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse and nep-his
Date: 2018-12
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