French investment bank Natexis Banques Populaires, which has a factoring subsidiary, has received authorisation from the Bank of Spain to open a bank in the country. It previously had a representative office. Natexis is part of the banking group Banques Populaires.
Jose Maria Iceta, head of Natexis Banques Populaires Espana, has stated that the bank plans to carry out the same activities in Spain as in France. It will initially focus on the capital market, especially on debt issues by companies and public bodies. It will also offer loans to medium-sized and large companies. During the second stage of its development, Natexis will enter other activities including asset management and funding via leasing and factoring.
Source: newsedge
