According to Global Finance, honorees for the program included those that stood apart in assisting their customers, protecting their employees and providing critical support to society at large.
“We are, of course, proud to have our efforts recognized, but our primary focus has naturally been on the safety and health of our clients and employees,” said President and CEO of BBVA USA Javier Rodriguez Soler. “I am also incredibly proud of the extraordinary efforts our employees have put forth to provide consistent, uninterrupted — and in some cases, enhanced — access to our products and services during these many months of the pandemic.”
BBVA USA’s work surrounding the Small Business Administration’s (SBA) Paycheck Protection Program was a key part of the bank’s response, which included funding approximately $3.3 billion small business loans in less than 60 days, processing more than 22,000 applications and impacting approximately 360,000 jobs through that effort.
In addition, more than 200 employees from across the commercial, wealth and retail lines of business — from administrative assistants to relationship managers — volunteered their time to help process applications for those funds. On the digital side, the bank developed its online PPP loan application in just three days, as opposed to the one-year timeline that is normally required to plan, develop and deploy a new online application.
BBVA USA was also recognized in August 2020 for its standout COVID-19 response on the Greenwich Associates’ list for the second quarter in the Middle Market Banking category. The honor was given to banks that found ways to make it easy for companies to do business during the ongoing health crisis.
For more information on BBVA USA’s COVID-19 response, visit here.
For more information about Global Finance Outstanding Crisis Leadership list, visit here.
For more on BBVA USA, visit www.bbvausa.com.
Other interesting stories