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February 15, 1989

BBV-PE SETS UP ESPANOLA DE BRKERAGE Y SERVICIOS SA

By CBR Staff Writer

Banco Bilbayo Vizcaya’s venture capital and new company development subsidiary, BBV-PE, has set up an independent computer company, Espanola de Brokerage y Servicios SA, to handle with its business within the hardware broking sector: the company will start by financing mainly telecommunications hardware, but it is also planning to write leases and offer maintenance subcontracted to Granada Computer Services Ltd, consultancy and software; the brokerage company was set up last Dec-ember with a staff of nine and $1.3m capital, provided mainly by BBV-PE, and forecasts turnover for 1989 at $5m, largely from its activities in buying and selling used IBM and DEC computers.

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