Politics

SMEs, the final hurdle in the Competition Authority's analysis of the Sabadell takeover bid.

Small and medium-sized businesses are in the crosshairs of the final stage of the National Securities Market Commission's (CNMC) analysis of BBVA's takeover bid for Banc Sabadell. The agency, chaired by Cani Fernández, will prepare a new market test in which the Bilbao-based bank's commitments related to commercial conditions for SMEs, their access to credit, and the ability of merchants to accept card payments will be under scrutiny. Furthermore, this market test will involve business organizations, such as Foment del Treball and Pimec, and unions for the first time, according to sources familiar with the process told ARA. This was not only a demand from social stakeholders, but also from Banco Sabadell itself, which had criticized the fact that only other banking entities were taken into account in the market test.

Small and medium-sized businesses are in the crosshairs of the final stage of the National Securities Market Commission's (CNMC) analysis of BBVA's takeover bid for Banc Sabadell. The agency, chaired by Cani Fernández, will prepare a new market test in which the Bilbao-based bank's commitments related to commercial conditions for SMEs, their access to credit, and the ability of merchants to accept card payments will be under scrutiny. Furthermore, this market test will involve business organizations, such as Foment del Treball and Pimec, and unions for the first time, according to sources familiar with the process told ARA.

This was not only a demand from social stakeholders, but also from Banco Sabadell itself, which had criticized the fact that only other banking entities were taken into account in the market test..