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Communications

Today

The exhibition “Thing Indescribable” by Jenny Holzer will be open to the public until September 9th. Sponsored by the BBVA Foundation, the exhibition consists of a wide range of artwork created specifically for the Guggenheim Museum in Bilbao. BBVA Foundation Director Rafael Pardo, Guggenheim Museum Bilbao Director Juan Ignacio Vidarte, the artist Jenny Holzer and curator Petra Joos attended the opening event.

21 Mar 2019

20 Mar 2019

Global Finance magazine named BBVA the best bank in Latin America, and the best bank in Peru in 2019. According to the publication, over the past year BBVA has stood out for numerous factors, including its customer service, risk management, the range of products and services it offers and the intelligent use of technology.

19 Mar 2019

18 Mar 2019

When it comes to designing customer interaction with online services – whether from a GPS navigator or through a mobile banking app – it is more and more common to design automated features that anticipate customer issues.

15 Mar 2019

At his first Annual General Meeting (AGM) as Group executive chairman of BBVA, Carlos Torres Vila was re-elected as a Board member with more than 98 percent of the votes, according to the definitive data of the votation. The shareholders meeting in Bilbao today also supported the appointment of Onur Genç as a Board member of the BBVA Group with 99 percent of the votes. A large number of institutional and minority shareholders participated in the voting, with a quorum over 64 percent.

Carlos Torres Vila, Group executive chairman

  • Impact on society: “The future of banking lies in financing the future. At BBVA we want to define the new way of banking that the communities we serve are calling for and need”
  • Transformation: “In 2018 we reached a pivotal milestone: to surpass the threshold of 50 percent digital customers”
  • Dividend: “The strong results allow us to increase the dividend. At this Annual General Meeting, BBVA is proposing a complementary dividend of €0.16 per share, to be paid in April this year.” The total dividend for the year amounts to €0.26 per share, a 37 percent payout of the bank’s profit

Onur Genç, Chief executive officer

  • Digitization: “We began our transformation ahead of the curve, and we are already reaping the benefits of this foresight”

14 Mar 2019

BBVA has released its updated financing policy addressing sectors that have a serious environmental or social impact. The main change to the policy is the inclusion of more limits and a tightening of restrictions for the mining, energy, infrastructure, and agribusiness sectors. In addition, the updated policy provides clear guidance on the management of clients and business activities related to these industries. The transportation of tar sands has been explicitly added to list of prohibited activities.

13 Mar 2019

Garanti Bank recently published its 2018 Integrated Annual Report with an important new feature. The report includes a “True Stories” theme this year: real stories about the experiences Garanti employees have had with customers across Turkey, in their own words. Garanti is the first and only bank in Turkey to publish an integrated annual report that includes information on the value the bank creates for customers.

According to the World Economic Forum, 65 percent of children who enroll in primary school today will have jobs that don’t currently exist. This is why on January 25, twenty large corporations announced their commitment to team up through 2022 with the goal of helping young people develop the skills that will make them more employable.  BBVA is among the companies that have signed up to this cause, committing to reach 500,000 young people with its various training programs. The initiative is the Global Alliance for YOUth. Lidia del Pozo, BBVA’s Director of Community Investment Programs, delves into some of the key aspects of this initiative.

12 Mar 2019

The National Association of Women Business Owners reports 11.6 million women-owned firms in the United States. Access to banking solutions, ranging from small business loans to venture capital and digital applications, has been critical in fueling that growth.

08 Mar 2019

Onur Genç this week visited three of BBVA’s units in South America, in his capacity as BBVA Group CEO. His first stop was Bogotá, where he held a series of meetings with the teams of  BBVA in Colombia, which is led by Country Manager, Óscar Cabrera. The CEO stressed the franchise’s continued market share growth, with a 2 percent increase in seven years, to 10.25 percent. “A bank is only as good as its people. Congratulations on your achievements,” he said.

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International Women’s Day is celebrated every year on March 8th. For this reason, in this video and under the hashtag #BBVASomosTodas, different women working at BBVA talk about women’s role in society. Their testimony is proof of just how much women have accomplished, but should also make us reflect on the issues that still need to be addressed in order to come up with possible solutions. They all agree that women still have a long way to go, and will face both opportunities and challenges along the way.

07 Mar 2019

05 Mar 2019

The BBVA Foundation presented physicists Charles Kane and Eugene Mele the Frontiers of Knowledge Award  in the Basic Sciences category for discovering materials that act as both insulators and conductors at the same time. The so-called topological insulators are a new kind of material with extraordinary electronic properties that will open new scientific avenues. They could serve to develop faster, more efficient electronic devices and even advance the advent of quantum computers.

04 Mar 2019

In its most recent issue, The Fintech Magazine examines some of BBVA’s most recent technology advances, such as payments powered by facial recognition and the use of artificial intelligence in its mobile banking application.  The magazine also outlines the core of the bank’s digital strategy and describes how BBVA is taking steps to fulfill its vision of automated banking in the future.

01 Mar 2019

The heart of the scrum work methodology is the sprint. The sprint is a miniproject nomore than one month (very short execution cycles – from one to four weeks), aimed atincreasing in value in the product we are building. All sprints have a definition andplanning that will help achieve the goals set.

27 Feb 2019

On February 25th, BBVA’s Open Space auditorium in Madrid was transformed into a meeting space with the best of the BBVA Momentum ecosystem. The global event completes the 2018 edition of BBVA Momentum, which united the year’s most promising entrepreneurs from Colombia, the U.S., Mexico and Turkey. The entrepreneurs presented their projects and growth plans, and sector experts discussed current issues in the social investment field.

26 Feb 2019

The European Commission (EC) is convening institutions, businesses, and regulators today and tomorrow in BBVA’s headquarters in Madrid with the aim of promoting security and privacy measures that will stimulate greater use of cloud services and the free flow of data in Europe’s digital single market (DSM). BBVA is hosting the event and is an active member of the EC working group, which is seeking to standardize security certification for cloud providers and establish a code of conduct that will facilitate data portability and the ability to switch providers.

25 Feb 2019

21 Feb 2019

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Michael Sandel is the Professor of Government at Harvard University and one of the most highly regarded and well-known philosophers in the world, his classes at Harvard are wildly popular and always fully packed. Last October he received the 2018 Princess of Asturias Award for Social Sciences because, according to the jury, he has “managed to transmit his dialogic, deliberative approach to debate to a global audience.” Sandel believes that faith in debate has been lost, which is one of the reasons why public discourse in democratic societies worldwide seems so empty. He explains: “We are afraid to talk with our co-citizens about big questions such as justice, what it means to be a citizen, and the common good because we are afraid we won’t agree,”.

BBVA has been internationally recognized in the third annual Digital Talent Awards, presented by Accenture and the daily business newspaper El Economista, in collaboration with Spain’s Human Resources group. The bank has earned the award because of its adaptability in the digital age, as demonstrated by its cultural change, leadership style, and most importantly its transition to an agile approach to work.

20 Feb 2019

19 Feb 2019

The BBVA Foundation has recognized the computer engineer Ivan Sutherland with the Frontiers of Knowledge Award in the category of Information and Communication Technologies. Over the course of his 60-year career, the American computer scientist has led the transition from text-based to graphical computer displays. He pioneered the use of graphical icons and virtual reality, and anyone who uses a computer or smartphone today benefits from the output of his research.

When a company is about to embark on an important project, one of the first decisions it needs to make is which model is the most appropriate to manage the project. In other words: which project or development methodology is most suitable? The two most commonly used approaches are: agile and waterfall.

18 Feb 2019

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BBVA regrets the inconveniences caused by the freezing of some customer accounts in Spain, which was undertaken in compliance with Anti-Money Laundering laws.  This legislation requires that banks assume obligations related to the knowledge, monitoring, and control of their customers and their banking activities with the aim of preventing money laundering in the financial system. BBVA has taken the necessary measures to streamline the documentation process and restore the affected accounts to normal activity, once the documentation required by law is in place.

15 Feb 2019

14 Feb 2019

BBVA has issued a €750 million 10-year Tier-2 subordinated bond.  A high demand of €4.25 billion – with 260 orders – exceeded by more than five times the bond value, making it possible to reduce the mid swap price +245 basis points, 30 basis points below the initial price. The order book closed in only three hours. The issue achieved the lowest ‘spread’ of a subordinated issue for BBVA since 2007.

13 Feb 2019

12 Feb 2019

Over 1,800 participants from the banking industry, governmental authorities, and civil society gathered in Brussels on February 5-6, to take part in what has become the leading forum discussing the future of the European Union’s industry. EU Industry Days 2019, organized by the European Commission, devoted a substantial share of time to social investment and sustainable financing, something that has become an obligation for financial institutions today, according to Antoni Ballabriga, Global Head of Responsible Business, BBVA, who participated in one of the panels.

11 Feb 2019

BBVA CEO Onur Genç continues his tour across the Group’s operating countries. After his visit to Spain and Mexico, last week he found himself in Turkey. During his visit to Garanti Bank, Genç was able to witness  firsthand the digital transformation progress that has been made by one of the bank’s leading digitization franchises, led by Fuat Erbil.

07 Feb 2019

06 Feb 2019

Gretchen Daily and Georgina Mace have been recognized with the BBVA Foundation Frontiers of Knowledge Award in the category of Ecology and Conservation Biology for their visionary work combating the loss of species. They have developed tools that are invaluable for quantifying “nature’s value” thus facilitating science-based policies in support of the conservation of species. The jury panel commended not only their efforts in identifying the problem, but also their involvement in finding solutions.

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Ranga Yogeshwar is one of the most popular scientists in Germany, a board member of several research institutions and founder of several scientific initiatives. He is a frequent star on German television and radio, where he has hosted numerous shows and debates. In his most recent book called “Next Exit: The Future” he analyzes how science and technology will transform our lives. Ranga Yogeshwar travels the world giving lectures on the challenges posed by innovations and how they are changing societies.

05 Feb 2019

04 Feb 2019

01 Feb 2019

Carlos Torres Vila presented BBVA’s 2018 earnings in his first press conference as chairman of the bank. He stressed that the “positive results” were sustained by recurring revenues, cost containment efforts and the strength of the Group’s diversified business model. During the presentation, he also addressed the news published in some media outlets regarding services provided by Grupo Cenyt. The chairman made appeals not to “prejudge” the alleged news and to let the BBVA investigation “do its job”, which will be conducted with “rigor, diligence, and thoroughness” in order to shed light on the facts. In addition, he made assurances that “BBVA has been, is, and will continue to be an honest bank”

Garanti Bank released its earnings for 2018. Based on its consolidated financials, Garanti’s assets were valued at slightly more than TL 399 billion, and its contribution to the economy through performing cash and non-cash loans totaled just over TL 311 billion. The bank achieved an ROAE (Return on Average Equity) of 15.0 percent and a ROAA (Return on Average Assets) of 1.7 percent.

BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income of $196 million for the fourth quarter of 2018, a 276 percent increase from the $52 million earned during the fourth quarter of 2017. Included in fourth quarter 2017 results is income tax expense of approximately $121 million related to the revaluation of net deferred tax assets at the lower statutory tax rate mandated by the Tax Cuts and Jobs Act (non-cash charge). Excluding the impact of this item, the year-over-year increase in net income for the fourth quarter of 2018 compared to adjusted net income* of $173 million for the fourth quarter of 2017 was 13 percent.

  • Transformation: More than half of BBVA customers are digital, meeting the target set for 2018
  • Income: Operating income grew 6.2 percent at constant exchange rates, thanks to the increase in recurring revenues and cost discipline
  • Risks: BBVA showed strength in risk indicators, with an NPL ratio declining to 3.9 percent, and a coverage ratio of 73 percent
  • Solvency: At the end of December, the fully-loaded CET1 ratio stood at 11.3 percent
  • Shareholder value creation: The tangible book value per share plus dividends grew 10.1 percent in 2018, while the ROE increased to 11.6 percent
  • Dividend: A cash payment in a gross amount of €0.16 per share, to be paid in April as final dividend for 2018, is expected to be proposed for the consideration of the competent governing bodies

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Tony Wagner is one of the most renowned experts working in education around the world. A high school teacher in the U.S. for more than a decade, he currently works at the Harvard Innovation Lab. For years he has advocated for a new approach to education. In fact, he is on the board of several educational institutions and public organizations. Wagner contends that the current educational model needs to change so that young people can build an assured future focused around what they want and what jobs are likely to exist. He argues that the role of schools needs to be reexamined, given that knowledge is now found everywhere, not just in the classroom, and consequently, educational roles are changing.

31 Jan 2019

30 Jan 2019

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Dr. Elizabeth Kilbey is a leading clinical psychologist and collaborates as child psychologist with British Channel 4’s “The Secret Life of 4, 5 and 6 Year Olds,” an educational TV research experiment that glimpses into how children behave when grown-ups are not around. She is the author of “Unplugged Parenting,” a book that has helped hundreds of parents address key issues during the early years of their children’s development, especially related to the time they spend in front of screens. In her book, Kilbey offers tangible, practical advice to parents about how to unplug their children from devices so their online time doesn’t become a problem.

29 Jan 2019

BBVA CEO Onur Genç, is still embarked on his tour across the different geographies in which the BBVA Group operates. After Spain, his next stop was Mexico, where he met with the BBVA Bancomer team, led by Eduardo Osuna.

Over the course of the work sessions, Onur Genç had the opportunity to learn first-hand about the business plans of BBVA’s Mexican franchise and discussed the countless milestones achieved by the bank in its transformation journey, with an ever increasing portfolio of digital products and services for private customers, corporates and public administrations. “What you have achieved as a team in Mexico is simply marvelous. In all metrics, BBVA Bancomer’s has done a wonderful job. You’re leading the way towards transformation,” he said.

28 Jan 2019

25 Jan 2019

Between 2016 and 2022, BBVA will reach a milestone of supporting almost half a million young people gain access to the job market, primarily though its worldwide entrepreneur programs. The bank, together with 20 other large global companies at the World Economic Forum in Davos, launched Global Alliance for YOUth, an initiative representing a collective effort to provide young people with the knowledge and skills they need for the jobs that society calls for. To this end, the project aims to help six million young people improve their skills so they can take part in the new working environments.

24 Jan 2019

Spain was the first stop in the tour BBVA’s new CEO is taking across the different markets where the Group operates.

Onur Genç met with those in charge of BBVA Spain, as well as the different multidisciplinary teams working on the development of next-generation digital products and services. “I was able to see first hand the commitment and dedication of the entire BBVA team in Spain. They are pioneers in many of the projects the Group launches,” he said.

23 Jan 2019

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Marcus du Sautoy is a writer, television host and mathematics professor at the University of Oxford. He is best known for hosting the BBC documentary “The Code”, which explains basic concepts regarding the historical use and meaning of numbers. He says: “Some scientists want to discover a theory for everything, while I look at it from a different perspective, from another place: articulating some limits, establishing some questions that science was never able to answer.”

22 Jan 2019

18 Jan 2019

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For 30 years, Duncan Wardle worked for one of the most creative companies in the world: Walt Disney. It is his opinion that everyone is born creative. The problem is, at some point, someone told us that we are not. And we believed them. Wardle insists on the importance of re-connecting with the child we once were, and recovering creativity in all areas of life. “When we are trying to create great ideas, we have to play,” he says.

17 Jan 2019

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Daniel J. Siegel is a medical doctor, professor of clinical psychiatry at the University of California School of Medicine in Los Angeles, co-director of the UCLA Mindful Awareness Research Center and executive director of the Mindsight Institute. With a positive vision, Siegel argues that adolescence is a very special time, emotions are sparked, social connections made, and searches start for what’s new and creative essence: “Adolescents have passion, a feeling that everything matters. They have a deep capacity for collaboration between themselves, and the strength to try new things,” he says.

16 Jan 2019

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Barbara Oakley is an engineering professor at Oakland University in Rochester and is a Ramón y Cajal Distinguished Scholar in Global Digital Learning at McMaster University. She is director of the course ‘Learning to learn’ offered by Coursera, the largest online course in the world. Oakley is one of the international pioneers in the area of neuroeducation and winner of numerous teaching awards, such as the Chester F. Carlson Award from the American Society for Engineering Education. Oakley invites us to leave our comfort zone in order to develop new skills and work flexibly: “A quality that will help us to adapt to an ever-changing world,” she says.

15 Jan 2019

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Chris Hadfield was the first Canadian astronaut to live aboard the International Space Station, spending almost 4,000 hours in space. Hadfield is one of the most experienced and accomplished astronauts in the world; he was responsible for the shuttle´s communications during 25 launches, was NASA’s director of operations, chief of robotics at the Johnson Space Center, and chief of operations for the International Space Station. He also served as commander of the International Space Station where he led a record number of scientific experiments, in addition to becoming one of the most popular astronauts in history taking photos and recording educational videos about life in space, for which he has received much praise. His music video of his gravity-free version of David Bowie’s Space Oddity is his most popular video.

14 Jan 2019

Dear team:

I am writing to you in relation to the recent pieces of news that are affecting us so much. Everyone at BBVA is shocked by the information reported which started on January 9. These pieces of news link BBVA to the monitoring or intervention of private communications. If true, it would be undoubtedly extremely serious, deplorable behavior, radically opposed to what we are and what we stand for, and, ultimately, to the values ​​of BBVA that move us every day.

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This educator, writer and communicator, is a world leader in pedagogy. Robinson believes a profound transformation of the current education system is needed and maintains that the role of teachers is decisive. He argues that “It’s difficult to overstate the importance of teachers in your life” and adds: “It is a multi-faceted profession, one of the most demanding jobs a person can have.” As opposed to examinations and subject hierarchies, he defends creativity as one of the most important skills that schools should nurture: “It’s the essence of what it means to be human.” he states.

11 Jan 2019

BBVA has developed a sustainable transactional product framework linked to the UN Sustainable Development Goals (SGD), for qualifying its clients’ transactional banking operations as green, social or sustainable. This industry-first methodology has been reviewed by and obtained a favorable opinion from sustainability ratings agency Vigeo Eiris, and is making its market debut with a transaction by Siemens Gamesa Renewable Energy, a BBVA strategic client.

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Considered to be one of the most influential psychologists of recent times, Daniel Goleman burst onto the international scene as the best-selling author of ‘Emotional Intelligence’. Goleman maintains that we should teach our children how to practice and develop emotional intelligence. The psychologist stresses the fundamental importance that our ability to focus our attention plays in today’s world, either as a way to practice self-control, to improve our ability to empathize with others, or better understand the world around us, and so there are benefits to training it: “Attention is like a muscle. if we don’t use it, it gets weak: if we exercise it, it gets strong.” he declares.

10 Jan 2019

With regards to media reports related to Grupo Cenyt, which if found to be true would be extremely serious, BBVA informs that in June 2018 it opened an investigation into the hiring and services rendered by this company. It also commissioned an external law firm to proceed with an independent review of all facts and available documents. Both actions are currently underway.

Should any irregularities be detected during these reviews, BBVA will adopt the pertinent internal measures and take the appropriate legal actions and, as always, will fully cooperate with law authorities.

Several initiatives were launched in 2018 that will lead to new legislative developments – primarily related to the implementation of the Basel framework and the completion of two major European projects: the Banking Union and  the Capital Markets Union. These are some of the regulatory trends for 2019 that BBVA Research principal economist María Victoria Santillana explores in an op-ed published in the newspaper, Expansión.

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Considered to be one of the most influential female scientists of the twentieth century, Jane Goodall’s eyes shine when she shares her stories from days past; today they have become life lessons about science and education: “Be curious and make mistakes, be patient and don’t give up.” this extraordinary woman reiterates. Doctor Goodall’s research revolutionized the scientific community and fascinated the entire world with her National Geographic documentaries. Her perseverance, intuition, empathy, and skill at making observations, not only allowed her to discover the unknown world of the chimpanzees and other species, but has also encouraged us to reflect on ourselves and to promote a more sustainable lifestyle and a more just society.

09 Jan 2019

The BBVA Foundation Frontiers of Knowledge Award in the Climate Change category has gone in this eleventh edition to Anny Cazenave (France), John Church (Australia) and Jonathan Gregory (UK), for their research into the response of sea level to climate change. Narrowing down the causes, integrating satellite observations and innovations applied in numerical modeling have contributed to discovering that the pace at which this rise is taking place is increasing.

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A neurologist and a mother: that’s how Frances Jensen, one of the most respected international researchers of the adolescent brain, defines herself. She is chair of the Neurology Department at the University of Pennsylvania. In her latest work ‘The Teenage Brain’. “Teenagers are learning machines,” states this neurologist, although she qualifies that “they learn both the good and the bad equally well.” From her privileged position as a scientist, teacher, and mother, Jensen explores and dispels myths about adolescence and provides practical advice on how to get through this complex stage of life.

08 Jan 2019

Garanti Bank is expanding its unique range of innovative products and services with the rollout of Garanti Stories, a new feature embedded in the Garanti Cep app. Garanti Stories offers services that go beyond traditional banking while fulfilling customers’ basic needs and expectations, delivering an experience similar to the stories on popular social media platforms such as Snapchat and Instagram.

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Adam Alter is a psychologist and professor in the Psychology Department at New York University, and a regular contributor to prestigious media like The New York Times, The New Yorker, The Washington Post, Wired, and Popular Science. Alter is the author of the U.S. best-selling book., ‘Irresistible’, where he describes behavior that is harmful and addictive for our children and uses examples that will resonate with many. “If they always find the answer using a screen, children won’t learn to self-regulate.” Interaction with technology when children are present is the best example, which is why he warns, “children are interested in whatever their parents are paying attention to.”

04 Jan 2019

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Professor of psychology at Stanford University, Carol Dweck is one of the leading researchers and international innovators in education due to her ground-breaking ideas about mindset, motivation, and development. Dweck created the concepts of fixed mindset, people who believe that intelligence is innate and unchangeable; and the growth mindset, those who believe that their skills can improve with training and effort. Through her research, she has concluded that parents, teachers, and educators can help promote the growth mindset. Limiting feedback about a child’s intelligence to praise can have a negative impact and encourage a fixed mindset.

03 Jan 2019

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Tim Elmore is a popular American writer, trainer, and expert on the millennial generation. He is the founder of Growing Leaders, a non-profit organization whose mission is to provide real life leadership skills to students. He is the author of books such as ‘Generation iY: Secrets to Connecting with Today’s Teens & Young Adults in the Digital Age’ and ‘12 Huge Mistakes Parents Can Avoid: Leading Your Kids to Succeed in Life’. In his work ‘Nurturing the Leader Within Your Child’ he is critical of overprotective parenting and excessive parental control, which can be summarized by one of the most well-known phrases in his book: “We must prepare children for the path, instead of the path for children.”

02 Jan 2019

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A doctor in physics and professor of educational technology at the University of Newcastle (United Kingdom), Sugata Mitra became world famous when TED, the organization that promotes technology, education and design, chose his talk as the most inspiring and with the greatest potential for change in 2013. He is also known for his “Hole in the Wall” experiment, which inspired the novel that later became the movie ‘Slumdog Millionaire.’ Today, his educational proposal, SOLE (Self-Organized Learning Environments), has experiences in schools of over 50 countries.

31 Dec 2018

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A doctor in psychology and philosophy, Tal Ben-Shahar currently holds the record for the largest enrollment in an undergraduate course at Harvard University: over 1400 students per semester. His Positive Psychology course quickly earned professor Tal Ben-Shahar his “Happyness Professor” nickname among students. His theories, which draw on science to propose methods to live life with enthusiasm and happiness, have resonated far beyond his classrooms, and his books have become global bestsellers. Can one learn how to be happy? Ben-Shahar’s answer is that “yes, we can change our levels of happiness,” but he doesn’t stop just there and argues that we should teach children how to be happy at schools.

Onur Genç represents BBVA’s global nature almost better than anyone else: a Turkish national working for a Spanish bank with global operations and aspirations. Having lived in 5 different countries, and having worked for BBVA in Turkey and the United States, Spain will become his new home next year, when he’s set to take over as BBVA Group’s CEO.

Carlos Torres Vila is, first and foremost, a great strategist. He’s capable of looking at any issue, delving into it until he unravels its complexity and understands all the details. He can then translate his insights into something that’s easy to understand. Once he’s made up his mind, he makes a decision and concentrates on executing on his idea. He fully relies on his teams: He makes sure that everyone who is seated at the table – regardless of seniority, responsibility or age – takes part in the conversation. He encourages everyone to share their opinions, and he values bright ideas.

Francisco González is a self-made man obsessed with two things: technology and ethics/values. His greatest passion is playing golf. He likes to speak frankly, with “frankly” being one of the words he uses most commonly because he “greatly appreciates the courage of those who speak their mind.” He’s proud of the independence that has defined his managerial style – “you can either keep your distance, or you can steer your company into a series of commitments that have nothing to do with the interests of the shareholders,  the customers, the employees or the company at large”, he has said on occasion.

28 Dec 2018

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Dutch therapist and writer Eline Snel is Europe’s leading voice in mindfulness applied to education. Snel method’s, also known as the “frog” method due to its focus on attention and breathing taking cues from amphibian behavior, is applied in primary and secondary schools in countries such as France, Germany, Singapore and also Spain. According to Snel, although mindfulness, “is not a magic wand”, teaching it at schools is beneficial for children and teachers, one of the most demanded professionals in the world, she explains.

27 Dec 2018

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He is better known as the founder of the world’s most important collaborative projects: Wikipedia. His contribution to the promotion and dissemination of human knowledge has been recognized on many occasions including a Princesa de Asturias Award for international cooperation in 2015. Jimmy Wales is passionate about education, especially about the possibilities that informal learning currently opens up for people’s education. Named the sixth most influential person in the world, Wales believes that, thanks to technology, learning is no longer restricted to schools and colleges, and that we all the need to keep learning throughout our lives.

26 Dec 2018

BBVA has signed an agreement to transfer a credit portfolio, which is composed by mortgages credits (mainly non-performing and in default), with an aggregate balance amounting to approximately €1.49 billion to Canada Pension Plan Investment Board (CPPIB). The transaction is part of BBVA’s strategy to reduce to the fullest its exposure to real estate risks in Spain.

24 Dec 2018

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A distinguished professor at the University of Massachusetts and holder of a PhD in Philosophy, Robert Swartz is considered one of the most influential voices in education. Head of the Center for Teaching Thinking (CTT), Swartz is the creator of the Thought-Based Learning method (TBL), that teaches students to make decisions through critical thought and to think creatively and autonomously. For Swartz, thinking and reasoning properly is a social function, which is why it is so important that, at schools, students develop, share ideas, and learn by working together.

21 Dec 2018

20 Dec 2018

The Board of Directors of BBVA today approved the appointments of Carlos Torres Vila as Group’s executive chairman, and of Onur Genç as CEO. The Board also approved a new organizational structure, thus completing the succession plan that ensures the continuity of BBVA’s transformation strategy, following the departure of Francisco González.

BBVA and the European Investment Bank Group (EIB) have signed a synthetic securitization of €1 billion. The agreement is a very innovative financing operation, as it is the first synthetic securitization to be supported by blockchain technology in the European Union and the third synthetic corporate loan securitisation signed by the EIB Group and BBVA. Moreover, BBVA and EIB Group will provide €360 million to finance investments projects of SMEs and midcaps.

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Matt Goldman is internationally renowned for being one of the three members of the New York theater company Blue Man Group. He explains, “As artists, we had the feeling that culturally, something was missing in schools.” Concerned by the future of society and education, in the year 2006 the Blue Men founded the Blue School in New York. “We realized the many aspects of the Blue Man Group, like social conscience, collaboration and the research approach could fit perfectly in the environment of a different school,” he explains.

19 Dec 2018

BBVA is to initiate a strategic review of options for its automobile financing business in Chile, mainly carried out through Forum Servicios Financieros S.A (Forum). Some of the options being explored include a total or partial sale of Forum, which will not necessarily lead to a sale. BBVA will assess all possible options that contribute to create value for its shareholders.

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It is one thing to think and study about ways to improve education, many people devote their lives to it. But only a few can actually talk from experience. Richard Gerver is one of them. The winner of “Best Head Teacher” in the British National Teaching Awards, Gerver is regarded as one of the most innovative and inspiring educational leaders of our time. He’s been asked to share his vision on education and human potential by many organizations and top-level athletes across the world. He’s written three books “Creating tomorrow’s school today,” “Change,” and “Simple Thinking”. For this PhD in Education, teacher and author, “the key to education is helping children discover what they’re passionate about.”

18 Dec 2018

14 Dec 2018

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For Kiran Bir Sethi, one thing’s clear: If there’s one thing that children should learn at school, that’s how to change the world. How? This Indian educator’s proposal is Design for Change, a movement that fosters children’s creativity and initiative to solve problems in their community, and that currently is present in over 60 countries. Sethi is also a founder of the Riverside schools, and there, she helps little students grow by saying ‘I can!” And of course, to the beat of a Bollywood tune.

The Turkish Women Entrepreneurs Competition recently celebrated its 12th edition. During the ceremony, the first and only one of its kind, the names of the winners of the four award categories – Turkish Woman Entrepreneur of the Year, Turkish Woman Entrepreneur Who Made a Difference in Her Region, Most Promising Turkish Woman Entrepreneur and Turkish Woman Social Entrepreneur of the Year – were announced.

13 Dec 2018

The BBVA Foundation and the Spanish Royal Society of Physics presented their annual awards to promote scientific culture and recognize high quality research, innovation and the work of young physicists. During the ceremony, BBVA Foundation President Francisco González indicated that: “Physics is a science with an ability like none other to shape our vision of the world while transforming our environment through radical technological innovation.” Furthermore, the President of the BBVA Foundation was named a distinguished member of the scientific organization for “his genuine interest in fomenting science in general and physics in particular.”

12 Dec 2018

BBVA Asset Management (BBVA AM) believes that the stock market may be the most profitable asset for the coming year as a whole, but within a volatile market environment. This has been pointed out by Joaquín García Huerga, director of Global Strategy of BBVA Asset Management, in the presentation of the market outlook for 2019. If the economic cycle is not turned around, the stock markets could rise by an average of 10% by adding dividends.

Identification using authentication like digital fingerprints and facial or iris recognition is making inroads in the world of airports where companies are looking for new technologies to enhance the user experience.

10 Dec 2018

07 Dec 2018

Already a leader in housing loans and cards, Garanti Bank became Turkey’s largest private bank in 2018 in all individual product groups by rising to the leading position in individual loans and time deposits. According to the results of the third quarter of the year, Garanti ranked top as the preferred private bank in terms of time deposits after individual loans. The efforts in the retail banking sector have contributed significantly to the successful performance of Garanti Bank in the third quarter.

05 Dec 2018

04 Dec 2018

BBVA joined ING, BNP Paribas, Société Générale and Standard Chartered in a joint commitment to adapt their lending portfolio to the Paris Agreement on Climate Change.  In an open letter to the global leaders and heads of state currently meeting at the 24th session of Conference of Parties to the United Nations Framework Convention on Climate Change (COP24) in Katowice (Poland), these banks committed to finance and design financial services that are needed to support clients as they transition to a low carbon economy.

03 Dec 2018

30 Nov 2018

Stephen Hawking was undoubtedly one of the greatest scientists in history. Steven Brown, an employee of BBVA Engineering Spain, was lucky to attend the renowned physicist’s classes at the University of Cambridge, where he learned about much more than physics.

29 Nov 2018

28 Nov 2018

The Board of Directors of BBVA approved the succession plan for the company’s chief executive officer (CEO). Onur Genç, who is currently the CEO of BBVA Compass and U.S. country manager for BBVA, will replace Carlos Torres Vila as Group CEO. The succession is expected to take place on Dec. 31, 2018.

27 Nov 2018

Atom bank, the UK’s first bank built for mobile and the country’s fastest growing mortgage lender, has agreed a multi-year partnership with leading fintech Thought Machine to put its next generation of personal and business banking products onto Thought Machine’s Vault platform.

Garanti and Bahçeşehir University heighten their collaboration on the ‘Code the Future with Garanti’ project, an initiative that aims to better prepare children for the digital future. This year the project partners have kicked off a new phase that includes new contents as well as teacher training in seven cities across Turkey.

26 Nov 2018

BBVA’s family of podcasts is growing. The Group is launching two new programs this week that will join its collection of audio content. ‘Deep Talks’ is a monthly interview with people who managed to transform their environment. The first person featured in the podcast is BBVA Group Executive Chairman Francisco González. Meanwhile, ‘Data Stories’ aims to explain the world of data and its importance in people’s everyday lives. The podcasts are part of the bank’s commitment to sharing knowledge and content.

23 Nov 2018

22 Nov 2018

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“The Principles for Responsible Banking demonstrate the banking industry’s clear commitment to a sustainable future – the only future that is acceptable and profitable for everyone.” With these words, Christiana Figueres, Convenor of Mission 2020 and former Executive Secretary of the United Nations (UN) Framework Convention on Climate Change, expressed her support for the Principles for Responsible Banking, and called on banks, regulators and stakeholders to join them.

Her Majesty Queen Letizia and BBVA’s Group Executive Chairman Francisco González presented the 10th edition of the Integra Awards at BBVA City (Madrid) this morning. These awards recognizes the accomplishments of organizations that develop workplace integration initiatives for people with disabilities and launch employment generating programs. The five organizations that received this year’s awards are the Juan XXIII Roncalli Foundation, Ilunion Responsible Tourism, the National Confederation of Deaf People, Amimet, and the Mental Health Federation of Castile and León.

The impact of human action on biodiversity is a challez nge that remains unresolved. Numerous scientific studies confirm that these changes are causing the extinction of more and more species – the consequences of which are at least as severe as climate change. The work of civil society organization is essential to combat this phenomenon. This year, the BBVA Foundation once again sought to recognize the work of some of these organizations with its Biodiversity Conservation Awards.

21 Nov 2018

20 Nov 2018

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‘Big data’, ‘IA’, ‘blockchain’, ‘cloud’, biometrics… these are just a few of the new technological developments that are reshaping the financial world in general, and BBVA in particular. BBVA and Cisco’s new Engineer Exchange Program creates the perfect opportunity to exchange talent and new ways of working in this digital environment.

19 Nov 2018

BBVA hosted the forum “Energy Transition Opportunities for the Spanish and European economies.” During the event José Manuel González-Páramo, stressed that “At BBVA we highly appreciate the proposed measures, not only the draft legislation on climate change, but those measures that have been taken by other countries (France, Poland, and Ireland) that give sustainable financing a boost by issuing green bonds.”

16 Nov 2018

The market for influencers is in full expansion mode. This trend has proven to be an opportunity not only for the influencers themselves – or those who aspire to become one – but also for companies that see an opportunity to promote their products or services.

15 Nov 2018

14 Nov 2018

13 Nov 2018

“Our vision of the world is marked by a sense of urgency, but also by a sense of opportunity. We need to re-imagine the role of banking in society. As banks we have to focus on a mission and creating a positive impact on people’s lives.” These are the words of BBVA’s Global Head of Responsible Business, Antoni Ballabriga, on a panel where he was joined by the European Commission Vice President, Vladis Dombrovskis, during the Sustainable Finance in Nordic-Baltic conference held in Helsinki.

12 Nov 2018

Who will win the battle between fintech and banks in an age where geographic borders matter less and data is a critical factor in business growth? Actually for BBVA Chief Executive Officer Carlos Torres Vila the answer is simple – it will be the customer. This was one of the key messages he delivered in front of several thousand people at the world’s biggest fintech conference in Singapore, earlier today.

08 Nov 2018

BBVA backs the European network of Financial Centers for Sustainability, which was presented at the Climate Innovation Summit 2018. The annual summit is organized by Climate-KIC and was held in Dublin this year. “At BBVA, we value the creation of this network of centers representing Europe’s most influential cities. The initiative, which has its origins in the United Nations Environment Programme, represents an additional pillar encouraging all key players to get involved in building a more robust and resilient financial system.” asserts Antoni Ballabriga, BBVA’s Global Head of Responsible Business.

06 Nov 2018

At the Atlantic Council in Washington DC, BBVA Group Executive Chairman Francisco González presented ‘The Age of Perplexity’ – the tenth installment of OpenMind’s book series, which explores the profound transformation brought about by the digital revolution. In his opinion, the combination of globalization and rapidly developing technology has led to an era of political and social change. This period is both the cause and effect of a state of deep uncertainty, which focuses primarily on the future of the economy and employment.

 

05 Nov 2018

BBVA’s CEO recently spoke at the DeustoForum in Bilbao. Carlos Torres Vila discussed BBVA’s transformation strategy in front of an audience of the Basque business community and current Deusto University students and alumni. “In today’s world opportunities are digital. That’s why we focus on the digitization of our customers, providing channels that are always available and a simple, agile experience,” he maintained.

02 Nov 2018

BBVA has once again excelled in EU-wide bank stress tests thanks to its resilience in the face of potential economic shocks. According to the exercise results, published today, BBVA would reach a fully loaded CET1 capital ratio of 8.80 percent in 2020 under the adverse scenario. The bank would also have the second least negative impact among its peers between the initial ratio in 2017 and the final ratio in 2020 (1.93 percentage points). Among big European banks  assessed, BBVA is one of the few banks with the ability to generate an accumulated profit in the three-year period under analysis (2018, 2019, and 2020), under the adverse scenario.

31 Oct 2018

30 Oct 2018

The exhibition brings together nearly 200 works reconstructing some of the lesser known phases of Surrealism in the 1930s,1940s, and early 1950s – through the lens of Lee Miller. The exhibition is organized like a dialog between Miller’s photographs and works by artists such as Max Ernst, Leonora Carrington, Man Ray, Eileen Agar, Paul Nash, Salvador Dalí, Giorgio de Chirico, Joan Miró, Pablo Picasso, Maruja Mallo, Dora Maar, and others.

Transformation: Digital and mobile customers as well as digital sales continued to grow across all geographies, with a positive impact on efficiency. Digital customers now account for 49% of the total, very close to the year-end target of having half of the customers banking through digital channels
Income: Operating income improved (+5.8 percent at constant exchange rates), driven by a positive trend in recurring revenues and containment in operating expenses. BBVA’s ROE between January and September was 12.2 percent, with ROTE standing at 14.8 percent
Risks: The NPL ratio was 4.1 percent in September (4.4 percent in June). Coverage ratio reached 73 percent
Capital: Despite a complex environment, the fully-loaded CET1 ratio stood at 11.34 percent. During the first nine months of the year, the tangible book value per share plus dividends grew 7.2 percent to €5.95

29 Oct 2018

The way of the future is a cashless society, but it’s not just around the corner. For several years innovators and political leaders have sought to promote a cashless society. It’s a long journey, and there is still a ways to go.

26 Oct 2018

25 Oct 2018

Türkiye Garanti Bankası A.Ş., released its earnings report dated September 30, 2018. Based on the consolidated financials, Garanti’s asset size reached TL 456.33 billion, while its contribution to the economy through cash and non-cash loans increased to TL 354.75 billion. The Bank’s ROAE (Return on Average Equity) stood at 17.5% and ROAA (Return on Average Assets) reached 2.0%.

BBVA Global Head of Investment & Cost Management Luisa Gómez Bravo has been included in this year’s edition of MujeresyCía’s 100 Female Leaders in Spain 2018 list. Women’s news site MujeresyCía has unveiled the seventh edition of the ranking aimed at boosting the visibility of female talent in Spain and promoting the presence of women across all spheres of society. Gómez Bravo, was named in the ‘Executives’ category among over 1,000 candidates.

The bank brings digital transformation to its business customers with a financial aggregation service. BBVA One View is a real-time platform-agnostic service that allows businesses to control all their domestic accounts, credit accounts and cards from a single dashboard. This service, the first of its class in Spain, goes beyond financial aggregation. Leveraging Big Data technologies, it gathers and organizes information on bank accounts and other financial products, allowing companies to optimize their treasury activity and make decisions more efficiently.

24 Oct 2018

23 Oct 2018

22 Oct 2018

In an online world, scammers are using new tricks and forms of deception to get what they want from their victims. Although the tools may have changed, today’s scams are not much different from the old-school “pigeon drop” scam in which a victim is persuaded to give the scammer money with the promise of receiving a much larger sum. In this new scenario, cybersecurity training is essential to protect the private data of both individuals and professionals.

21 Oct 2018

20 Oct 2018

In an online world, scammers are using new tricks and forms of deception to get what they want from their victims. Although the tools may have changed, today’s scams are not much different from the old-school “pigeon drop” scam in which a victim is persuaded to give the scammer money with the promise of receiving a much larger sum. In this new scenario, cybersecurity training is essential to protect the private data of both individuals and professionals.

19 Oct 2018

The issue is no longer about using data, but doing it in a responsible manner that also has a positive impact on users’ lives.  This was one of the most relevant topics discussed during the second day of BBVA Open Summit, where Derek White, Global Head of Client Solutions at BBVA, stressed that user confidence is the key to success in this new digital playing field.

18 Oct 2018

17 Oct 2018

In an online world, scammers are using new tricks and forms of deception to get what they want from their victims. Although the tools may have changed, today’s scams are not much different from the old-school “pigeon drop” scam in which a victim is persuaded to give the scammer money with the promise of receiving a much larger sum. In this new scenario, cybersecurity training is essential to protect the private data of both individuals and professionals.

16 Oct 2018

15 Oct 2018

11 Oct 2018

BBVA executive chairman Francisco González attended this year’s meeting of the International Monetary Fund (IMF) and World Bank in Bali (Indonesia). He commented that resulting from today’s digital revolution, “ultimately there will be more wealth and prosperity for the whole world, and I hope less inequality; less difference between the have and have-nots.” Francisco González’s remarks come from what will be one of his last international meetings ahead of handing over the baton to Carlos Torres Vila, after December 31.

10 Oct 2018

After obtaining all required authorizations, BBVA closed the transaction that will transfer its real estate business in Spain to Cerberus Capital Management, L.P. The deal was announced in November 2017. The closing of the transaction results in the sale of 80 percent of Divarian’s share capital to Cerberus, the company created to transfer the real estate portfolio. BBVA is to retain the remaining 20 percent stake.

09 Oct 2018

The CEO and future chairman of BBVA, Carlos Torres Vila, stressed this morning that “privacy should never be the price to pay for a service.” At the IX Financial Meeting organized by KPMG and Spain’s daily business journal Expansión he explained that new European regulations for the protection and use of data (GDPR and PSD2) are a step in the right direction, although he called for a level playing field between banks and other sectors.

08 Oct 2018

05 Oct 2018

04 Oct 2018

03 Oct 2018

02 Oct 2018

Switzerland is the global center of private banking and a country many investors go to in search of diversification. But private banking is much more than that. It involves constant striving to understand the complexity of the financial markets in order to offer customers the best advice possible.

BBVA secures the top spot in global mobile banking for the second year in a row. In a report published recently, ‘The Forrester Banking Wave™: Global Mobile Apps Summary, 2018’, Forrester Research, an independent research firm, singles out BBVA as leading the pack among nine global mobile banking leaders. This recognition comes a few months after the analyst firm gave BBVA the highest score for mobile banking in Europe. In 2017, BBVA also earned the first position in the global ranking, according to Forrester’s  ‘2017 Global Mobile Banking Benchmark.’

This open-source blockchain platform has made its way into different sectors of the economy and aims to become the blockchain technology standard in the world of business. BBVA is an official member of the Hyperledger consortium and has used its technological platform to manage blockchain-powered corporate loans.

28 Sep 2018

The maker movement has helped reignite interest in open-source hardware with projects where device components and information are shared openly to allow everyone to contribute to their development and improvement.

27 Sep 2018

On December 31, 2018, Francisco González will step down as BBVA Group Executive Chairman, after 18 years at the helm of the bank and almost four more as Chairman of Argentaria. Following the Board’s announcement regarding the approval of the chairman’s succession plan, we sit down with him for an hour to talk about the meaning of his decision.

26 Sep 2018

The Board of Directors of BBVA approved the succession plan for the company’s chairman. The plan establishes that CEO Carlos Torres Vila is to replace Francisco González as group executive chairman when he leaves his post, which is expected to take place on Dec. 31st, 2018. The succession ensures the continuity of the transformation process which has placed BBVA at the forefront of the global financial industry.

24 Sep 2018