Not A Surprise.... Closing Office In Cuba: Spain-Based Banco Bilbao Vizcaya Argentaria S.A. (BBVA) With US$873 Billion In Assets.

ISSN 1682-7511
OFFICIAL GAZETTE OF THE REPUBLIC OF CUBA
MINISTRY OF JUSTICE
EXTRAORDINARY
HAVANA, MONDAY, APRIL 29, 2024 YEAR CXXII

Website: http://www.gacetaoficial.gob.cu/—Calle Zanja No. 352 esquina a Escobar, Centro Habana Telephones: 7878-4435 and 7870-0576
Issue 32

CENTRAL BANK OF CUBA...................................................................................195
Resolution 34/2024 (GOC-2024-270-EX32). ..................................................... 195
Resolution 40/2024 (GOC-2024-271-EX32)...................................................... 196

CENTRAL BANK OF CUBA
GOC-2024-270-EX32
RESOLUTION 34/2024

WHEREAS: By Resolution 57 of August 10, 2000, of the Minister President of the Central Bank of Cuba, a license was granted in favor of Banco Bilbao Vizcaya Argentaria S.A. to open a Representative Office in Cuba, under the name of Banco Bilbao Vizcaya Argentaria S.A. Representative Office.

WHEREAS: Banco Bilbao Vizcaya Argentaria S.A. has notified the Central Bank of Cuba of the decision adopted by the Permanent Delegate Commission, on October 3, 2023, to proceed with the closure of the Representative Office in Havana, consequently, Banco Bilbao Vizcaya Argentaria S.A. has requested the cancellation of the Representation License granted by the aforementioned Resolution 57, of 10 August 2000 of the Central Bank of Cuba.

WHEREAS: Article 101 of Decree-Law 362 "On the Institutions of the Banking and Financial System", of September 14, 2018, establishes the grounds for which the Central Bank of Cuba may cancel the License, including among them, the financial institution's own application.

THEREFORE: In the exercise of the powers and obligations conferred in Article 25, paragraph d) of Decree-Law 361 "Of the Central Bank of Cuba", of September 14, 2018,

RESOLVED

FIRST: To cancel the Representation License issued in favor of Banco Bilbao Vizcaya Argentaria S.A., and consequently, to repeal Resolution 57, of August 10, 2000, of the Minister President of the Central Bank of Cuba.

SECOND: Cancel the registration of the Representative Office of Banco Bilbao Vizcaya S.A. in Havana, in the Registry of Financial Institutions and Non-Financial Entities of the Central Bank of Cuba.

NOTIFY the representative of Banco Bilbao Vizcaya Argentaria S.A. in Cuba. COMMUNICATE to the presidents of the banks, the first vice-president, the vice-presidents, the auditor and the superintendent, all of the Central Bank of Cuba.

BE PUBLISHED in the Official Gazette of the Republic of Cuba. FILE the original with the secretariat of the Central Bank of Cuba.

GIVEN in Havana, on the twenty-fifth day of the month of March, two thousand and twenty-four.

Juana Lilia Delgado Portal
Minister-President