BBVA has not decided whether it will sell TSB if it succeeds in its €12 billion hostile takeover of the British bank's Spanish parent Sabadell.
Onur Genc, CEO of Spanish lender BBVA, said he was “neutral” about keeping TSB in the future combined banking group. 
“We'll have to see if the deal gets done,” Genc said at the FT Global Banking Summit in London.
He added: “Regional scale is important and that's why we're doing this deal.”
The European Commission last week said it had no objection to BBVA's plan to buy smaller rival Sabadell.
But Spain's antitrust regulator CNMC last month began a second stage review of the deal, saying it could delay the regulator's decision until next year.
If the deal goes through, the combined group would become Spain's leading provider of payment services, as well as insurance, pension plans and wealth management.
BBVA launched a hostile takeover of Sabadell worth more than 12 billion euros in Ma,y after the board of directors rejected a similar bid.
Last week, TSB appointed Marc Armengol, who joins from Sabadell, as its next chief executive officer.
Mr. Armengol replaces Robin Block, who is retiring after a 45-year career in retail banking. He joined TSB in 2019 and led the financial institution two years later.
Mr. Armengol currently serves as Chief Operating Officer of Sabadell, a position he has held since March 2021.
Mr Sabadell acquired TSB in 2015 for £1.7bn.
