ECB denies report that it discussed potential plans by BBVA to grow further in Mexico and Turkey

FRANKFURT/MADRID (Reuters) – The European Central Bank on Thursday denied a newspaper report which had said that its supervision banking arm had discussed potential business plans by BBVA (MC:BBVA) to grow further in Mexico and Turkey.

“Contrary to a Spanish front page news report today, ECB Banking Supervision has not yet discussed any future business plans with BBVA,” an ECB spokesperson said in an email.

“The report is purely speculative as to potential supervisory actions,” the spokesperson added.

Expansion newspaper reported on Thursday that the European supervisor had flagged risks about BBVA’s potential plans to grow its business further in Mexico and Turkey, asking the lender to set up a contingency plan.