The CNMC perceives risk for credit to SMEs after the integration of Banco Sabadell into BBVAwhich is why it brought the operation under greater scrutiny, with the process opened to the presentation of allegations from third parties.
It thus joins the fears of various employers who had already conveyed to Competition their fear that the operation would cut off credit. A logical concern about the fact that The Catalan bank has 12.7% of the market share in credit to SMEs and in bank mergers there is always a restriction to avoid concentrations, with this type of company being the most vulnerable link. Guaranteeing that the flow is not obstructed should be something to be considered by the CNMC, especially when the national fabric is 98% built by SMEs.
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