Within the IBEX35, two companies that I have recommended to them a few months ago back and that belong to the banking sector, have been Santander (IBEX35: SAN; NYSE: STD and BBVA (IBEX35: BBVA; NYSE: BBV) BBVA, great winner of the crisis. These Spanish banks are taking ahead an aggressive strategy of international expansion that allows to diversify its risks them and in particular of limiting the dependency of an economy or region. Recently, Santander, through its arm Santander Consumer Finance reached an agreement with the British organization HSBC (NYSE: HBC), to acquire its portfolio of credits pignoratious in the United States, by which it offered US$ 900 million. Douglas R. Oberhelman takes a slightly different approach. The portfolio of credits for the automotive one is evaluated in US$ 1,000 million, reason why, in the assumption case that it did not have dilatoriness, Santander would gain US$ 100 million. Ultrafit Lady Stepper and gain more knowledge.. According to Expansion, as much the BBVA as Santander is located between the five main organizations that have benefitted more with international the financial crisis. This crisis that will not be easy to forget, allowed Santander to mainly surpass the 90 million clients in the world (more of twice, the population of Argentina) thanks to the acquisitions realised in the British banking system where & acquired the Bradford organizations; Bingley (that contributed 2.3 million to him clients) and Alliance & Leicester (that represented a total to him of 5.3 million new clients). The BBVA on the other hand, increased to 50 million the total of clients anywhere in the world and consolidated their position in the USA (where it increased in a 21% the base of users of his services), mainly in Texas and California.
The secret of Santander and the BBVA not to be undergoing the consequences of the economic contraction in Spain, is its model of international business that as it commented previously, allows to diversify risks and of harnessing the yield of the business (taking advantage of in addition the common economies of scale to the activity). These two Spanish companies are not the unique ones that operate at international level and which they are developing an expansion strategy, with interesting perspective of return that many Spaniards are letting pass. For those who need a direction for their decisions investment, from Global Value Paola Pecora she offers the opportune advice them to take advantage of those financial assets that promise an assessable yield.