BBVA considers selling Romanian business to ING

[gwolf666]

Reports suggest BBVA is in talks to sell its Romanian operations to ING. For me, the most relevant aspect is consolidation. Personally, I think it’s striking how banking giants restructure portfolios. What surprises me is the timing amid regional growth. For me, the most important step is transparency for clients. In the end, I believe this deal could reshape Romania’s financial sector.

 

[kit_hung]

move to talk to ING about selling Romanian operations classic example of consolidation in the banking sector. Consolidation gives single player significant market power and reduces competition. If ING acquires the unit, could increase its presence and streamline customer service