MADRID (Reuters) - Spain's Prime Minister Pedro Sanchez on Monday said there were positive aspects in the proposed merger of Spanish lenders Caixabank (MC:CABK) and state-owned Bankia (MC:BKIA).
"From the perspective of size, the Spanish financial sector has to take steps forward," Sanchez said in an interview in TVE.
The two lenders are set to agree a merger to create Spain's biggest domestic lender in the coming days, two sources told Reuters on Friday.