Using BBVA’s retail banking* (http://www.bbva.com/TLBB/tlbb/ing/index.jsp) as a case study:
1. Identify a potential target market for BBVA’s retail banking’s future international expansion strategy. (This means that you must not choose a market already served by BBVA’s retail banking; doing so will result in failing this assignment).
2. Identify the macro-environmental characteristics of this market.
3. Critically analyse the key strategic issues the firm faces in expanding into this market (opportunities and threats in the firm’s external environment plus strengths and weaknesses in the firm’s internal environment).
4. Recommend actions to be taken to ensure that this strategic international expansion is a success for the firm.
*Retail banking is when a bank executes transactions directly with consumers, rather than corporations or other banks. Services offered include savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. The term is generally used to distinguish these banking services from investment banking, commercial banking or wholesale banking.
You are strongly advised to structure your report in the same order as the assignment tasks set out above.
Remember to include a list of references used at the end of the report (presented Harvard style).
As of 24/06/14, BBVA operates in the following countries:
(http://www.bbva.com/TLBB/tlbb/ing/informacion-corporativa/conozcanos/presencia-internacional/index.jsp):
Argentina
Australia
Belgium
Bolivia
Brazil
Chile
China
Colombia
France
Germany
Hong Kong
India
Ireland
Italy
Japan
Mexico
Paraguay
Peru
Portugal
Russia
Singapore
South Korea
Spain
Switzerland
Taiwan
Turkey
United Arab Emirates
United Kingdom
United States
Uruguay
Venezuela
