Brief history of BBVA (XXII): renewal toward the end of the Franco regime
(WorldNews Spain)

Franco`s government pushed relentlessly to normalize the financial system after determining that most of the efforts over the last decade to open up the sector had been effective. Progressive liberalization of the system was therefore considered a path to continue following. Among other issues, the administration focused on a change in private banking in 1972. The 1974 reform Explore more... On August 9, 1974, some of the legal impediments to expansion that banks had endured for years, were left behind. It gave way to new regulations to establish a bank and expand existing branches. Antonio Barrera de Irimo, Finance Minister and technocrat from Carrero Blanco`s government, came up with the...