İngilizce Soru Bankası - uds-sosyal 2005-1 Soru 74

74-) We learn from the passage that, unlike other major Spanish banks, Popular----.

Spain's third-largest bank, Banco Popular, raised some eyebrows recently when it agreed to buy Portugal's Banco Nacional for $638 million. Shareholders voted overwhelmingly in approval of the acquisition. Normally, however, Popular's approach is far more conservative: a singleminded devotion to organic retail growth in its home market as opposed to takeovers. Over the past decade, the bank has worked hard to build its base, cultivating the market for mortgages, consumer loans, and, recently, loans to small and midsize businesses. As rivals looked to the New World and bought up smaller banks at home. Popular expanded its retail network to 2,200 branches throughout Spain, it also added Internet and telephone banking operations that are based in the branches. The effort has paid off. In each of the past three years, the bank has gained 300,000 customers.