BBVA has once again made history, completing Portugal’s first sustainable commercial paper program with one of its strategic clients in the country, The Navigator. BBVA was the agent bank and bookrunner for the €65 million operation, advising the client throughout the entire process, and the sole source of financing for the operation.
04 Jan 2019
The definition of “green loans” has been further refined with the most recent revision of the Green Loan Principles. Revolving credit facilities, which have popularly been recognized as sustainable loans, can also be considered green if they qualify with at least one eligible category over the course of the their life.
29 Oct 2018
Last February, BBVA released its strategy to fight climate change and promote sustainable development, Pledge 2025. However, the bank’s commitment to green and social finance is not new. In fact, it is one of the most renowned institutions for its sustainable product capabilities.
31 Aug 2018
Last year, a product that had been practically unheard of took the world of corporate financing by storm: green loans. These are loans aimed at advancing environmental sustainability and until quite recently came under the umbrella of Green Bond Principles. As of a few months ago they now have their own guidelines known as Green Loan Principles.
28 Aug 2018
Companies, just as individuals, have financial needs related to the management of liquidity and working capital in the short term. The term ‘Working capital’ makes reference to those solutions, which include ‘factoring’, ‘confirming’, bilateral loan, commercial discount, guarantees, ‘leasing’ and ‘renting’.
19 Jul 2018
Having successfully carried out the first pilots in the world of a loan and a corporate credit facility using blockchain, BBVA has signed a new loan with ACS using this technology. The deal shows that BBVA Corporate & Investment Banking is continuing to focus on an innovative financing model for its corporate clients.
25 Jun 2018
The trade media Structured Retail Products (SRP) has recognized BBVA in six of eight categories for which the bank was nominated. In its 2018 awards publication, the organization underscores BBVA’s capabilities as a global structured products house for foreign exchange and interest rates. BBVA was singled out in the distributor category, winning best distributor performance in Peru and Mexico, best distributor in Peru, and was one of the finalists for best distributor in Mexico.
20 Jun 2018
BBVA has joined RE100, a collaborative, global initiative uniting the world’s most influential businesses committed to sourcing 100% of their power consumption from renewable sources before 2050. In doing so, businesses convey a powerful message to policymakers and investors: We need to expedite the transition towards a zero-emissions economy.
21 May 2018
BBVA Bancomer has been crowned as the most innovative bank in Latin America in this year’s edition of British publication Global Finance’s The Innovators 2018 awards, which recognize the institutions that systematically identify new businesses and design new financial tools. With this award, the magazine acknowledges the institution’s value proposal, which includes a customer-centric data-based user-friendly design, developed in collaboration with the fintech ecosystem.
26 Apr 2018
BBVA has signed a financing contract with Forestalia, Mirova, GE and ENGIE to develop the first 300 megawatts (MW) of wind power free of subsidies and incentives in Spain. The 9 wind farm complex, dubbed the Goya Project, will be built in the province of Zaragoza. The 300 MW were awarded in the first renewable energy auction in Spain, held in January 2016, in which Forestalia was the largest bidder. This is also the first green loan to be granted in Spain under the “Green Loan Principles” in which BBVA has coordinated the issue, with Altermia providing Second Party Opinion.
23 Apr 2018
As flagged in the announcement of its strategy for climate change and sustainable development in its contribution to the United Nations Sustainable Development Goals, BBVA has unveiled its framework for the issue of SDG-linked sustainable bonds.
05 Apr 2018
Renovalia is the first company to secure a ‘green project finance’ loan to fund the development of a renewable energy project in Spain. BBVA acted as ‘green loan coordinator’ of this €74 million facility, which will allow the company to fund Project Wind, which envisages the construction of two wind farms, one in Lleida and one in Barcelona, with 70 MW of combined installed capacity.
04 Apr 2018
What is transaction banking? It is the side of banking that addresses the operational needs and day-to-day transactions of business, corporate and institutional customers. It also provides cash management services where the short-term management of a company’s liquidity is a key, using instruments and services designed for the management of incoming and outgoing cash flows, international commerce, and asset management.
15 Mar 2018
A private company goes public when it lists its stock for the very first time in a stock exchange, where it can be bought and sold by the general public. This type of transaction is known as an Initial Public Offering, or IPO.
29 Jan 2018
Iberdrola has signed two new sustainable syndicated loans for a total of 5.3 billion euros, the largest ever signed globally. BBVA has led these transactions by acting as a sustainable agent.
21 Dec 2017
BBVA has acted as a Green Agent for a green credit in the amount of 800 million euros for Red Eléctrica España S.A. (“REE”). This is the first syndicated green revolving credit facility in Spain, and also the first of its kind in the electric utilities sector.
14 Nov 2017
BBVA has been widely recognized for its capabilities in structured products in Latin America. Specialized publications such as Structured Products, Structured Retail Products and mtn-i have confirmed BBVA’s regional leadership in this business area, presenting the bank with numerous awards.
02 Nov 2017
A swap is an agreement for a financial exchange in which one of the two parties promises to make, with an established frequency, a series of payments, in exchange for receiving another set of payments from the other party. These flows normally respond to interest payments based on the nominal amount of the swap.
17 Oct 2017
28 Sep 2017
The transition to a more sustainable economic and financial system is key to boost the union of capital markets in Europe and ensure competitiveness, job creation and stable economic growth maintained Antoni Ballabriga at the European Banking Summit 2017 organized today in Brussels by the European Banking Federation (EBF).
22 Sep 2017
BBVA has adhered to the Foreign Exchange (FX) Global Code of Conduct, a voluntary code that aims to promote a robust, fair, liquid, open and transparent market in which wholesale market participants can trade securely and effectively at competitive prices that reflect available market information.
12 Sep 2017
BBVA has acted as Green Loan Coordinator of a €176 million green loan granted to Sociedade Concesionaria Novo Hospital de Vigo S.A., the concessionaire responsible for non-hospital services at the instititution, which has been renamed Hospital Álvaro Cunqueiro. Servizo Galego de Saúde, Galicia’s healthcare service, awarded the 25-year construction and operation to the concessionaire, a consortium formed by Acciona, Grupo Puentes, Veolia España and Concesia.
04 Aug 2017
BBVA Trader is an easy-to-manage and accessible market monitoring platform for users with a trader and heavy-trader profile. Its Trader Pro version goes one step further. In line with its principle of immediacy and ease of use, this version of the tool is more customizable and offers more possibilities for operating in the markets.
14 Jul 2017
BBVA has signed the first green loan in the project finance format with the Italian energy company Terna. The funding has been structured into a loan A for 56 million dollars awarded by the Inter-American Development Bank (IDB) and a loan B for 25 million dollars entirely subscribed by BBVA, which has also headed the green structuring of the funding and acted as the Green Loan Coordinator.
06 Jul 2017
This week marks the 10th anniversary of the first green bond, in which BBVA participated. The bonds were issued by the European Investment Bank. Since then, a wide range of financial and non-financial corporate issuers have turned to the markets to issue this type of debt securities, accelerating growth of the market to its current volume of $210 billion. This year, important changes have been made that could increase green issues to $120 billion.
07 Jun 2017
Yesterday, Tradebe obtained the world’s first green syndicated financing in term loan format, for a total of €265 million. The transaction was signed by 11 national and foreign financial institutions with strong oversubscription under BBVA’s leadership as Facility and Green Agent, Coordinator and Sole Bookrunner.
30 May 2017
The Corporate Finance business at BBVA started 2017 in as good as shape as it ended last year. In 2016, BBVA closed 18 deals in Spain, 10 in Mexico and six in Latin America. The start of 2017 was very busy, and the Bank “hopes to once again be the bank with the most closed deals in its core markets, especially in Spain and Mexico.”
03 Apr 2017
Global Finance called BBVA the best investment bank in both Spain and Mexico for the sixth and third year in a row, respectively, recognizing the service the bank provides in this sector and its innovative financial proposals.
13 Mar 2017
The key to have the best professional team requires attracting, training and retaining talent. Aware of this, BBVA Corporate & Investment Banking, BBVA’s wholesale banking area, is announcing the fifth edition of its Graduate Training Programme, aiming at recruiting and developing the best junior talent available.
07 Mar 2017
One of the stellar features of BBVA Trader, BBVA’s platform for trading stocks, warrants and ETF, is its compelling training offering.
01 Mar 2017
In a year marked by the reactivation of the high-yield bond market, and growing investor interest on ultra-long issue maturities, and despite a string of global macroeconomic developments that had a severe impact on the fixed income market, BBVA performed remarkably well in the bond origination market, even managing to surpass the total volume it placed in the market in 2015.
22 Feb 2017
20 Feb 2017
BBVA closed 2016 with an excellent achievement in terms of its loan business. The Bank acted as Bookrunner (the top role of any institution in a syndicated operation) in 60% of the transactions in which it was involved. Also, it increased its market share from 8.2% in 2015 to 14.8% in 2016.
16 Feb 2017
On Wednesday, BBVA signed a green loan in favor of Iberdrola for 500 million euros. In addition to being the first operation of this type for an energy sector company, this agreement involves the highest sum as of this date.
15 Feb 2017
Of the many possible investment decisions, one option is to trade in the stock market. But, how? When can a trade take place? What instructions do you need to give your broker? Does the amount traded matter? BBVA Trader provides training that helps users make decisions that best fit their investor profile.
26 Jan 2017
Global Finance has chosen the BBVA Group as the winner of five awards during the latest issue of its “World’s Best Treasury & Cash Management Banks and Providers Awards”. Specifically, the Group was given the following awards: “Best Treasury & Cash Management Provider” in Spain, “Best Overall Bank for Cash Management” in Latin America, “Best Bank for Payments and Collections” in Latin America, “Best US regional middle market Treasury & Cash Management Provider” in Southwest Region, and “Best Treasury & Cash Management Provider” for Garanti in Turkey.
24 Jan 2017
The BBVA Global Markets Research team presented the conclusions of its 2017 strategic equity report. According to BBVA analysts, the positive cyclical momentum is set to continue, with the metal & mining, oil & gas, construction materials, healthcare and telecommunications sectors becoming the best performing industries in Europe. In Spain, the Real Estate sector is expected to be the most dynamic in 2017.
16 Jan 2017
When the U.K. voted to leave the EU vote on June 24th, a series of unknowns started to emerge that have Europe in suspense to this day. Among the many questions to be resolved, the referendum has called into question London’s status as the financial center of Europe.
02 Dec 2016
BBVA once again anticipates the needs of clients and non-clients with the launch of BBVA Trader, a platform 100% designed and devoted to trading. On this website, the users most active in monitoring and market operations can find all the services and contents they are looking for in a trading platform.
18 Nov 2016
08 Nov 2016
According to Investorpedia, retail banks are banks devoted to provide services to particular savers and investors and small and medium sized enterprises. On the other hand, wholesale banks specialize in the provision of services in large operations, generally with large companies and organizations.
Although financial institutions today specialize in a certain type of activity, this has not always been the case. In fact, it was not until after the crash of 1929 that these two types of banking began to operate separately.
This took place in 1933 through the Glass-Steagal Law, which was promoted by Roosevelt as part of a package to stimulate the economy (The New Deal). This law was abolished by Bill Clinton in 1999, which allowed both models of banking to be housed under the same institution once again. However, after the financial crisis that devastated banks in 2008, these activities currently operate separately in most cases.
The main difference between both banking sectors is that they each specialize in different types of customers, but this is not the only difference, Let’s take a look at other things that distinguish them.
06 Oct 2016
The term project finance refers to the financing of large infrastructure or energy projects entailing substantially significant initial costs and extremely long depreciation periods. Just in 2015, this business moved over $422 billion, 37% of which – approximately – corresponded to projects rolled out in Europe, the Middle East and Africa.
20 Sep 2016
Warrants are extremely popular in the Spanish market, and are no longer considered an exotic, state-of-the-art financial instrument. BBVA currently has more than 1,200 active warrants in Spain, and every month €20 million of premiums are purchased. But how exactly does this investment alternative work?
09 Sep 2016
Thierry Barbier has been appointed new Head of BBVA France replacing Gregoire de Lestapis. BBVA’s French branch is focused mainly on corporate lending and investment banking activity and has around hundred employees.
06 Jul 2016
The term Supply Chain Finance (hereinafter SCF) is a broad term that encompasses a vast variety of financial solutions (finance) that provide support to the different commercial partners engaging in the different stages of the productive chain (supply chain) of a company, from the time the purchase order is issued until the corresponding invoice is paid.
13 Jun 2016
Structured products started getting special attention a few years ago, but remain the least known among the range of financial products that institutions offer.
03 Jun 2016
The trade finance or foreign trade activity accompanies people and businesses in their activity importing/exporting goods and services, mitigating the risks that exist in international commercial relations and simplifying the settlement of operations. The same commercial transaction can require different solutions over time, depending on the moment at which it takes place and the role of the parties involved (importer or exporter).
09 May 2016
The Payment Services Directive (PSD2), which came into force last January 13, entails fundamental changes in the payment industry and aims to promote competition, innovation and security. A two-year phase began on that date that will culminate in its transposition into national law in 2018, when third-party payment providers (TPP) will be given access to client accounts.
12 Apr 2016
In 2015, green bond issues totaled 41.3 billion dollars, 15% more than the volume issued in 2014. The main issue currencies are the U.S. dollar and the euro, along with a very small proportion of other currencies which development banks are testing in their capital market development programs. BBVA Global Markets Research estimates that in 2016 these issues will reach at least 50 billion dollars, on a global basis.
30 Mar 2016
On the stock market it is very common to come across terms that define part of the operations. These are some of the terms you should know if you want to operate on the stock market.