Spain's BBVA buys US online banking firm Simple worth $117 mln

MADRID Thu Feb 20, 2014 11:48am EST

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MADRID Feb 20 (Reuters) - Spanish bank BBVA said on Thursday it had bought U.S.-based digital banking firm Simple in a deal that values the company at $117 million.

BBVA, which makes most of its profit in Latin America, has been making a big push to expand its online and mobile banking offerings across the regions in which it operates.

It said in a statement that the acquisition of the Portland, Oregon-based company was part of this strategy.

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