Market Chatter: BBVA in Talks With 'Several' Oil Companies Over Venezuela Financing

MT Newswires Live03-10

BBVA (BBVA) is in discussions with several oil companies to possibly fund Venezuela operations, Bloomberg reported Tuesday, citing the Spanish bank's head of corporate and investment banking, Javier Rodriguez Soler.

"Because we are the only bank operating there, literally all companies-US companies, Spanish companies, companies from many regions-that are planning to reinvest in the country are talking to us," Bloomberg quoted him as saying in a presentation. "We will go with them carefully as soon as they feel comfortable investing in the country."

BBVA has maintained a presence in Venezuela since 1998, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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