BBVA's country manager in Spain, Peio Belausteguigoita, stated on Tuesday that the deal with Banco Sabadell holds significant potential for value creation.

BBVA was recognized for the second time as the best bank in Spain by The Banker, part of the U.K.-based Financial Times publishing group. Having also won the award in 2022, the bank has now earned the accolade in 2024 for its focus on innovation, digitization and sustainability.

When the shareholders of a corporation hold an Annual General Meeting (AGM), they become constituted as one of the main governing bodies of that company. At the AGM, the shareholders make decisions on the matters placed under their exclusive authority by law in the jurisdiction where the company is established, or by the company’s own internal rules, known as "bylaws." BBVA will hold this year's AGM on March 15, 2024, in Bilbao, Spain.