BBVA looks to Taiwan for growth

BBVA will, in the coming weeks, apply to the Taiwan financial regulator to open a locally incorporated unit on the island as the bank continues to look for expansion opportunities across Asia.

Spain's second biggest bank after Grupo Santander said it hopes the branch will be up and running during the first quarter of 2011, after obtaining approval from the Financial Supervisory Commission. For Taiwan, it plans to focus on its global markets business, which includes offering treasury services to

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