BBVA rumored it will soon open branches

"BBVA is very much convinced that it has to find or establish an division in Poland," said the informer of daily Puls Biznesu. Both the bank and law company Garrigues Polska representing most Spanish firms in Poland refused to comment on the issue. So far, BBVA has established a representative office in Poland, but now it might accelerate its development pace due to growing competition. "It seems that the most effective way of entering the Polish market is to either purchase an international banking group already present here (e.g. Millennium) or by acquiring a company, such as Getin Holding," said the CEO of one foreign bank operating in Poland. (Puls Biznesu, pp. 1, 4-5) M.M.