The bank is conducting a feasibility study and putting together a team for the launch, says Bloomberg, citing sources. BBVA would use existing technology, keeping costs low. The project is being led by Javier Lipuzcoa, who runs a similar digital outpost for BBVA in Italy. Launched in 2021, that business is exceeding expectations, with 420,000 customers. BBVA is not the only outside lender eying a digital push into Germany. JPMorgan is planning to bring its Chase brand to the country following a successful roll out in the UK.