The in-principle approval paves way for Abu Dhabi branch as the bank targets sovereign wealth funds and institutional clients.
BBVA, a global financial services group that offers a wide range of retail, wholesale, and investment banking services, has received in- principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority to obtain a Category 4 licence, enabling it to broaden its corporate and investment banking activities in the Middle East. The bank has maintained a representative office in Abu Dhabi since 2013 Eduardo Ortiz Gross, head of BBVA corporate and