BBVA to shut half its branches in Portugal
BBVA, Spain's second-largest bank
Madrid - AFP
BBVA, Spain's second-largest bank by market value, will close half of its branches in Portugal and lay off a quarter of its staff in the country, a source familiar with the plan said Tuesday.
The plans involve 43 branches out of a total of 81 in total and 177 employees, the source said. The move comes after BBVA lost 111 million euros last year in Portugal.
Portugal exited a 78-billion-euro bailout scheme in May, with its banking sector hit hard in the wake of the 2008 financial crisis.
BBVA said last month its profits tripled in the third quarter despite falling over the first nine months of this year after exceptional gains in 2013.
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meeting
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licences
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assault
GMT 16:10 2017 Tuesday ,28 February
Moscow ready to mend ties with Washington through pragmatic dialogue
GMT 09:43 2018 Wednesday ,17 January
Populists target vaccine decree
GMT 12:11 2011 Thursday ,15 September
China\'s top bank makes foray into India
GMT 11:39 2014 Thursday ,03 July
Susan Sarandon and Melissa McCarthy star in 'Tammy'
GMT 07:08 2017 Monday ,13 February
French Ligue 1 standingsGMT 12:11 2011 Tuesday ,22 November
Breast cancer patients live four years longer than in 1970GMT 03:24 2012 Saturday ,09 June
Syrian poet Adonis accuses France of betraying the French Revolution
GMT 15:08 2014 Monday ,24 March
At least 7 killed in Iraq\'s violenceGMT 14:00 2011 Sunday ,05 June
The Directory: Your guide to male fashion
GMT 06:18 2015 Monday ,14 September
The S Class Cabriolet luxury setting
GMT 05:40 2015 Thursday ,08 October
Hubris puts Iran in danger
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor