Barclays Bank Espana, the Spanish division of UK banking group Barclays, has revealed plans to expand services for small- and medium-sized enterprises (SMEs) in Spain, as well as for individuals with large levels of equity.
Barclays wants to be one of the top two banks in Spain for SMEs in terms of managed assets. It is currently fourth or fifth.
Barclays Bank Espana also intends to realise the potential for synergies with Banco Zaragozano, the Spanish bank that it acquired in 2003.
Barclays is aiming for a 14 per cent rise in basic turnover during the year, a figure twice as high as its competitors, and to win 20,000 new customers, increasing its client base by 4 per cent to 530,000.
Source: Europe Intelligence Wire
