BBVA's Marqués de Salamanca Palace hosted the Spanish-Turkish meeting Investments and Opportunities in Turkey, organized by the Turkey’s Ministry of Economy, the Investment Support and Promotion Agency of Turkey, the  Turkish Embassy in Madrid, the Spanish Confederation of Business Organizations (CEOE) and BBVA.

BBVA Group’s net attributable profit in the first nine months of the year came to €1.66 billion (down 47.3%) after completing two-thirds of the provisions identified in the requirements of the financial reform related to real estate exposure in Spain. Operating income, which determines the bank's ability to set aside provisions, reached €9 billion for the first nine months, up 16.1% over the same period last year.

BBVA chairman Francisco González believes the “decisive way in which the European Central Bank (ECB) recently backed the stability of the euro-zone’s financial markets, without limit, marks the beginning of the end of this crisis.

BBVA chairman Francisco González hosted and participated in a top-level meeting on economic affairs in preparation for the forthcoming Ibero-American Summit of heads of state and government.

BBVA earned €1.51 billion in the first half of 2012, down 35.4% due largely to the impact of the Spanish financial reform, which affects mainly real estate assets and portfolios. As of June 2012 and in accordance with international accounting criteria, BBVA had set aside €1.43 billion of the provisions related to real estate and included in the new legislation.

BBVA kicks off a new phase in the development of its retail business and high-growth markets with the appointment of Ignacio Deschamps as head of a new division that combines global retail banking with the Group’s businesses in South America.

BBVA’s President & COO Angel Cano thinks the latest stress test confirmed “the solvency of most of Spain’s financial system.” At the opening ceremony of the ‘The euro crisis. Impact on European economics.

José Barreiro is stepping down from his executive functions at BBVA for personal reasons although he will maintain links with the Group. Juan Asúa will take over as head of Corporate & Investment Banking. Jaime Sáenz de Tejada will fill Mr. Asúa’s previous position as head of Spain & Portugal and will join the management committee. The changes ensure continuity of the management model at the Spain & Portugal unit and at CIB.

Francisco González, Chairman and CEO of BBVA, stated that the crisis in Europe has not yet been resolved but that “in the last few months, there have been some major advances”. At the opening ceremony of the 6th International ABC-Fundación Euroamérica BBVA Conference at the BBVA Campus, he stated that “Spain has implemented adjustments and reforms that must be understood as the start of a modernization process that has been a long time coming".

Spain should continue the reforms that correct its profound structural weaknesses, BBVA Chairman Francisco González said, when speaking this morning at the Annual General Meeting at Bilbao’s Palacio Euskalduna.

The BBVA Group will substantially increase its presence in Catalonia by incorporating Unnim Banc after being chosen for this purpose in an auction by Spain’s Fund for Orderly Bank Restructuring, known as FROB.

The BBVA Group acquires Unnim Banc after winning a competitive auction held by Spain’s Fund for Orderly Banking Restructuring (or FROB). BBVA improves its coverage in Catalonia through an operation that has no relevant impact on liquidity or capital, and with contained risk.

BBVA is pleased to announce the operational launch of its new data processing center (DPC). The facility is one of the world’s most advanced DPCs, with dual Tier IV certification (for design and construction) verifying that it offers optimal levels of reliability and safety.

BBVA has obtained authorization from the Central Bank of UAE to open a Representative Office in Abu Dhabi to provide support for the bank’s large customers and institutional clients.

BBVA’s strategy of anticipation in respect of risk management will allow it to comply comfortably with the new Spanish financial reform. It estimates the overall net final impact of the new regulation on its income statement at €1.36 billion and this will be completely absorbed in 2012 thanks to recurrent revenues and the resilience of its earnings.

The 2011 expedition