Spain’s PM Sanchez sees positive aspects in Bankia-Caixabank merger

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Spain’s Prime Minister Pedro Sanchez on Monday said there were positive aspects in the proposed merger of Spanish lenders Caixabank and state-owned Bankia.

“From the perspective of size, the Spanish financial sector has to take steps forward,” Sanchez said in an interview in TVE.

The two lenders are set to agree a merger to create Spain’s biggest domestic lender in the coming days, two sources told Reuters on Friday.

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