BBVA is the result of the integration of much expertise and capacity that are provided by a history that is now conjugated to create an entity that, from Bilbao, aspires to be world leader in the financial sector. Its beginnings date back to 1857 in Bilbao, when the Banco de Bilbao (Bank of Bilbao) was constituted. In 1988 it merged its capacities with the Banco de Vizcaya (Bank of Biscay), also from Bilbao. Thus BBV was formed. In 1999, BBV merged with Argentaria, which had a long history of agglutination of entities from the public sector, to form BBVA.