This area covers BBVA’s activity in Europe (excluding Spain) and Asia. In other words, it includes BBVA Portugal, Consumer Finance Italy and Portugal, the retail business of branches in Paris, London and Brussels (in 2010 these were reported in Spain and Portugal), and the corporate and investment banking and markets business (reported under WB&AM in 2010). It also covers the Group’s stake in Garanti (Turkey) and in CNCB (China).
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