TITLE

Banco Espirito Santo: eyeing Spanish high net worths

PUB. DATE
October 2005
SOURCE
MarketWatch: Global Round-up;Oct2005, Vol. 4 Issue 10, p110
SOURCE TYPE
Market Research Report
DOC. TYPE
Article
ABSTRACT
This article informs that Banco Espirito Santo SA (BES), Portugal's third largest private sector bank, is reportedly planning to attract 15,000 new wealthy clients in Spain by opening four or five new private banking offices by the end of 2005. According to Expansion, Manuel Olazabal, general manager and vice chairman of BES's Spanish division, has revealed that the bank is planning to expand its private banking reach in Spain. Fourteen major companies control 70% of the Spanish private banking market and foreign players are not unusual.
ACCESSION #
18633706

 

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