You live a great day on candles. The National Markets and Competition Authority (CNMC) approved this Wednesday BPVA Oba at Pango Sabad. Come on, after deciding that the duties of the competition room led by Cannee Fernandez and the four -member rival room, the obligations of the BPVA “sufficient, sufficient and provided to resolve this Considers concentration to competition In the affected markets. ”
After a full analysis of eleven months, the regional teams were closed in April, which introduced the market test Between 40 companies to verify that warrants will be issued In the duties that BPVA considers if the union prosper. Its purpose is to quench the debt problems and the risks of the payment service. Parts that have found high risk Concentration. In the participants, Pango Sabadel said that the programs raised by the ‘chosen’ were sufficient.
In a brief hint that is spread, he concludes that surgery is a “Threaten to Useful Competition” In some parts of retail bank and payment services. In particular, he pointed out that the concentration would lead to the creation of a leading company in many sections, especially in the SMEs and autonomous sect. In addition, Has identified 96 municipalities The sum of the two banks will share more than 50%of the sum, which will be more than 15%, resulting in doubles in 48 of these municipalities.
In the same lines, in 72 postal codes, monopoly (7) or Well doubles (65). In relation to payment service. Loan Summary and Financial Exclusion to SMEs. In these situations, it considers that the proposal of the BPVA helps to solve all these disabled.
It is the start of the account for the vulnerable customers; Maintenance and Credit amount of rotating lines for small and medium enterprises that receive less than 85% This funds in the PPVA and/or Pango Sabad. As for the contracts of Sabadal with the Euro 6000 and the Cartronics Network, if they are completed, its customers are provided with access to ATMs owned by the Catalan Group under the same conditions given to those contracts. Most of the above activities are a Three years, extends to two more people in the case Credit for SMEs; And 18 months to approach ATMs. A period of CNMC in charge of overseeing what has been agreed.
This action was announced to CNMC in May 2024, and that was the last 12 When November decided to raise it from ‘Grhat I’ A ‘A’ A ‘Phase II’ This is the first banking operation that has not progressed in this first stage, which requires further in -debit examination. Since then, the agency is negotiating and negotiating the consequences received from one end Requirements in a process with PPVA extended More than expected in the calendar. For these types of situations, about three months are thought, its accountant requests information each time.
Left Rival filterThe Controller is now allowed to operate the OPA. The Ministry of Economic Affairs has a month to recognize the skill or impose additional measures based on the criteria of public interest from the competition, such as national security or innovation. The headed departmental sources Carlos body insists that they will analyze them with “rigid and details” OPA receives a report once, so they ask for maximum wisdom until then.
Monklova has repeatedly revealed the rejection of this ‘Marriage’ to blame the reasons for regional synchronization. This leads to many people to think that the administrator will be placed in a part of the Sabadal, especially after its return to Catalonia, with the reluctance of the Catalan parties, which is an important part of the assembly. The Chairman of the General of General Salvadar noted “They will be strictly examined” The report, as well as all the data and analysis to act in synchronization, protects all of this CCAA, where there is a high risk of concentration. ” In Catalonia has a bank model rooted in the countryWith a social commitment in its business and its companies, “he added.
Sabadel charges against CNMC system
From the BPVA they celebrate the concept of the agency and say “they protect the competition.” “Today, CNMC has recognized the operation between BPVA and Bango Sabadel, which is a growth plan, which will create a higher bank With strong and high financial skills for companies and families“, They refer to. Possible marriage can lead to the second largest financial institution in Spain, which is only behind Kaisabang.” The obligations we consider are favorable for financial admission Regional sync and credit to SMEsAnd to protect the competition, especially in areas that have large presence like Catalonia, “Torus added.
In the meantime, Sabadel has criticized the method used when considering ”It is not appropriate to analyze The Bank Business Union for SMEs, therefore, will not allow the concentration to know the consequences that the concentration does not have, and they mention that the shareholders have the last word when deciding whether or not this ‘megapango’ is approved.