In a year when troubled western lenders sold billions of dollars of shares in Chinese banks, a Spanish bank better known for its US and Mexico investments is set to buck the trend.
Barring any dramatic unforeseen development, BBVA will soon exercise a €1.1bn ($1.63bn) option to lift its stake in China Citic Bank to 15 per cent.
BBVA made its initial investment three years ago during a period in which western lenders raced to strike partnerships with Chinese lenders.
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