On Friday, BBVA held its Annual General Meeting in Bilbao, where the Chair, Carlos Torres Vila, took stock of an excellent year. During his presentation, he underscored that BBVA, “with its strategic plan, aims to consolidate its business growth, multiply its contribution to society and create value for everyone.” In his opinion, it is crucial that Europe and Spain have banks with the right scale to take on the challenges posed by the new global landscape. In this context, BBVA is proposing the integration with Banco Sabadell as a “clear commitment to Spain and its companies.” Carlos Torres Vila stressed that with this transaction “both BBVA and Banco Sabadell shareholders will become the owners of a bank better prepared for the future.”