MADRID, Sept 7 (Reuters) - Spain’s Prime Minister Pedro Sanchez on Monday said there were positive aspects in the proposed merger of Spanish lenders Caixabank and state-owned Bankia.
“From the perspective of size, the Spanish financial sector has to take steps forward,” Sanchez said in an interview in TVE.
The two lenders are set to agree a merger to create Spain’s biggest domestic lender in the coming days, two sources told Reuters on Friday. (Reporting by Inti Landauro and Belén Carreño; Writing by Emma Pinedo; editing by Jesús Aguado)
Our Standards: The Thomson Reuters Trust Principles.