BBVA Plans to Set Up Abu Dhabi Branch for Its Investment Bank

BBVA SA is preparing to expand its presence in Abu Dhabi as it seeks to grow its corporate and investment banking business in the region.

Spain’s second-largest lender aims to transform its current representative office in the emirate into a fully-fledged banking branch for its CIB unit, people with knowledge of the plans said. A spokesperson for the lender declined to comment.