Carlos Torres Vila
19 Jun 2023
The BBVA Chair gave the opening presentation this Monday at the 40th edition of the APIE Seminar in Santander. Carlos Torres Vila stressed the contribution of the banking sector to Spain’s social and economic progress over the four decades commemorated by the course. He specifically indicated that: “Over the last 40 years, and despite the great economic crisis from a decade ago, credit granted by banks in Spain as part of their main business activity, in other words, channeling deposits toward loans, has added 20 percentage points to GDP per capita,” according to an estimate by BBVA Research. This activity has also had a very positive impact on productivity per hour of work (+31 percent), investment (+27 percent), and private consumption (+11 percent).
18 May 2023
Carlos Torres Vila, Chair of BBVA, during a recent visit to Lima unveiled the Group’s new investment plan for Peru. In an interview with the financial newspaper Gestión, he stated that "'we expect 75 percent growth in our investment, based on a plan of S/2,000 million (about €500 million) over the next four years.
04 May 2023
BBVA in Colombia and Bancamía, an entity of the BBVA Microfinance Foundation, have announced that the Transforming Realities Scholarship will widen its scope and, starting this year, will support 100 vulnerable young people in the country so that they can pursue university studies. This initiative benefits the children of Bancamía's micro-business customers throughout the country. In its three previous editions, it has benefited 21 young people from different departments of Colombia.
27 Mar 2023
During his presentation at the Wake Up, Spain!, event, BBVA Chair, Carlos Torres Vila, stated that the European banking sector, and more specifically Spanish banks, are facing the current situation of uncertainty from a position of unquestionable financial strength, profitability and a very solid capital and liquidity position. He added that BBVA is facing this moment with confidence, and from a strong position due to the very characteristics of its diversified, profitable business model and its cautious risk management.
16 Jan 2023
BBVA Chair Carlos Torres Vila takes stock of 2022 and shares his outlook for 2023 in relation to BBVA, but also the economy in an interview published on the bank’s corporate website. In his opinion, despite the current environment of uncertainty, BBVA’s strengths and strategy -based on innovation and sustainability- will allow the bank to continue to grow and create opportunities for its customers, shareholders, employees and society as a whole.
27 Sep 2022
BBVA Chair Carlos Torres Vila said “Onur Genç is exceptional as a person, exceptional as a professional and as a team leader, and the bank’s excellent results are proof of that” with “an outstanding performance in all areas”. “This is the unanimous view of the BBVA Board. In short, we could not have a better CEO than Onur.” At an event in Madrid organized by the Spanish business association APD and Kearney, Torres Vila said some media reports speculating over a possible change of CEO were “a complete fabrication.”
07 Jun 2022
BBVA Mexico’s Annual Meeting of Regional Advisors (RNCR 2022) is a forum where leading BBVA Group executives present and discuss the bank’s performance, projects and future challenges. The meeting provides an opportunity for dialogue on the international context and political situation of the country.
03 Mar 2022
Carlos Torres Vila, BBVA Chair and the ambassador of the Code.org initiative in Spain, explained the way decentralized finances works - an emerging concept based on blockchain technology that is destined to change the financial system. BBVA’s Chair participated in an instructional video for students and professors of this educational project, which promotes programming education for youth.
17 Jan 2022
BBVA Chair Carlos Torres Vila announced in an interview posted to the bank’s corporate website that, “In 2021 and 2022 we expect to distribute more than €7 billion to our shareholders, or nearly 20 percent of the bank’s current market capitalization.” This figure includes the share buyback program and the expected dividends for both years. As for the excess capital held by BBVA, Carlos Torres Vila said that the priority is “profitable growth,” but he did not rule out “additional distributions” to shareholders. The bank’s goal is to be in its target range of 11.5-12 percent in 2024.
08 Jul 2021
BBVA is to channel €200 billion in sustainable funding through 2025, doubling the initial €100-billion target announced in February 2018. “We want to contribute to the global collective effort against climate change and promote inclusive growth, leaving no one behind. Two pillars that guide our pledge and purpose that is “To bring the age of opportunity to everyone”, said BBVA Chairman Carlos Torres Vila.
21 Jun 2021
Carlos Torres Vila today opened the 38th APIE Seminar in Santander together with Nadia Calviño, Second Vice-President of the Government and Minister of Economic Affairs and Digital Transformation. During his speech, the BBVA Chairman highlighted that, after a weak and uncertain start in 2021, the outlook for growth is now very positive. "We all expect a strong rebound in the economy in the second half of the year," he said. In his opinion, the economic recovery and the arrival of European funds put Spain in an excellent position to face the challenges of the productive model transformation. "We must take advantage of this new period of growth to transform our economy and that means preparing ourselves for a world that is undergoing radical change, preparing ourselves to face the challenges associated with that change, and to capitalize on the unparalleled opportunities that are opening up on the horizon," he stated.
05 Mar 2021
Carlos Torres Vila, Chairman:
12 Feb 2021
BBVA Chairman Carlos Torres Vila and CEO Onur Genç will not collect their variable remuneration for 2020 as a gesture of responsibility in a year marked by the COVID-19 pandemic, as detailed in the annual remuneration report for BBVA directors. The decision is also a sign of their commitment to their customers, shareholders, employees and society as a whole. Additionally, the bank has updated its remuneration policy for the next three years (2021, 2022 and 2023), which will be presented for approval at the Annual General Meeting.
21 Dec 2020
In an interview posted on BBVA’s corporate website, Carlos Torres Vila takes stock of 2020 and offers his vision for next year. The Chairman assures that, despite its complexity, "it has been a year of relevant strategic achievements” and “we face 2021 with an unparalleled position of strength to invest in growth and to increase shareholder distributions." In this sense, and after the recent sale of the franchise in the U.S. and the ECB decision on dividend payments, BBVA considers “a sizeable share buyback¹ as a very interesting option.”
Carlos Torres Vila sat down for an interview during which he went over the key milestones achieved and lessons learned in 2020, and shared his insights into BBVA’s plans for the new year, in a context of health and economic uncertainty. “We face 2021 with an unparalleled position of strength to invest in growth and to increase shareholder distributions,” he said.
In an interview posted on BBVA’s corporate website, Carlos Torres Vila takes stock of 2020 and offers his vision for next year. The Chairman assures that, despite its complexity, "it has been a year of relevant strategic achievements” and “we face 2021 with an unparalleled position of strength to invest in growth and to increase shareholder distributions".
28 Oct 2020
BBVA’s chairman participated this Tuesday in the first edition of the Expansión International Economic Forum, organized by the financial newspaper Expansión and the international forum, the European House-Ambrosetti, in Alcalá de Henares, Madrid. “Public-private collaboration can leverage private initiatives to make investment decisions and generate prosperity,” said Carlos Torres Vila. In this regard, he feels that “the work of the public sector is to attract private investment with appropriate incentive schemes that manage to multiply European funds,” and in this process, “banks can play a key role” to channel the funds, analyze the projects being financed and strengthen their effect on the economy with their financing.
21 Oct 2020
BBVA chairman gave the opening presentation at the national meeting of regional bank directors in Mexico today. This year, the meeting took place virtually, where the chairman reaffirmed the group’s commitment to the country. “Mexico will continue to play a fundamental role in our bank’s results thanks to our leading position and the strength of our business model in the country,” he said.
19 Oct 2020
This Friday, BBVA chairman Carlos Torres Vila participated in the Institute of International Finance’s (IIF) annual meeting, in which he underscored banks’ role in channeling investments from the Next Generation EU recovery plan. “Banks can play a key role in channeling and multiplying European public funds,” he noted. “What is really important to ensure the most effective use of European funds is to increase the multiplier effect through the private sector, including the banks.” He also indicated that emerging markets could be the most interesting for sustainable investments. "What we need are mechanisms in carbon markets to channel the funds to these countries so that the impact over time is mitigated while promoting the development of poor societies,” he said.
06 Oct 2020
BBVA's educational project ‘Aprendemos juntos’ (We learn together) was launched on January 22, 2018 in collaboration with Spanish daily El País. Since then, it has met with one success after another. Over two and half years, more than 200 experts have worked on the ‘Aprendemos Juntos’ initiative, it has accumulated over one billion views, and it has brought together a community of four million people. On May 23rd of this year, 'Aprendemos Juntos' went one step further and premiered on the Spanish TV show 'A mi yo adolescente' (To My Teenage Self), a nine-episode series on TVE’s channel 2 that looks at what young people think about issues such as friendship, fear and love.
Carlos Torres Vila shared his personal views on education during an episode of BBVA's educational program 'Aprendemos juntos' (We learn together), in collaboration with Spanish daily El País. BBVA’s Group executive chairman took questions from students, parents and teachers, in a talk entitled 'Life lessons:values, success and leadership.' In his opinion, education is the "driver of growth in society, the door to opportunities and a force, perhaps the most important there is, to correct the inequalities that exist in our society.”
28 Sep 2020
In an interview with ‘La Linterna’ de COPE, BBVA’s Group Executive Chairman said that the EU funds to face the health crisis represent “a great opportunity”. In his opinion, if invested “productively in long-term growth and combined in combination with structural reforms”, they can help tackle key problems of the Spanish economy, such as structural unemployment. "We also need to invest in education, focusing on the world of the future: the digital world, the world of data and addressing the transition to a more sustainable world, socially and environmentally."
24 Sep 2020
BBVA celebrated its third annual Values Day under this year's theme, ‘united by our values’. The event provided the bank’s more than 125,000 employees the opportunity to reflect on and cultivate the BBVA corporate values and behaviors. The activities and workshops organized for this year's event — unavoidably marked by the COVID-19 pandemic — were moved into a virtual environment, which was available to employees during the days leading up to the event.
03 Sep 2020
BBVA Group Executive Chairman Carlos Torres Vila participated in the Plenary Session of the Spanish Chamber of Commerce, where he emphasized that the recovery in Spain may open up an opportunity to “quickly embrace” a more digital economy. For this, he considers that digitization should be a priority for businesses – especially SMEs – and any progress in this sense will greatly depend on public investments and the amplification effect derived from private initiatives. He also noted that “the role of banks has been pivotal, not only amplifying the impact of public money, but also aligning targets.”
31 Aug 2020
BBVA Executive Chairman Carlos Torres Vila has described the European recovery plan (Next Generation EU) as “a landmark opportunity for Spain.” He asserted that “if the aid is complemented by appropriate reforms, Spain could put an end to its elevated structural unemployment, which has hovered above 16 percent over the last four decades, while laying the foundations of an economy based on green and digital growth, a data-driven economy.”
15 Jun 2020
BBVA’s Group executive chairman underscored the urgency of reactivating the economy to prevent damage that could be irreversible - something we should do standing “united and with consensus.” At an event organized by the Spanish Federation of Businesses (CEOE), Carlos Torres Vila indicated that “private investment is crucial to a digital, data-based, social and sustainable future.”
11 Jun 2020
BBVA’s entire branch network in Spain is now operational after the bank reopened the last of the branches that had closed because of the COVID-19 health crisis. The branches will follow strict safety measures, and BBVA is relying on its appointment system—a service that was already available to customers but which is more important than ever—to encourage compliance with health guidelines and provide a better customer experience by cutting waiting times. BBVA Chairman Carlos Torres Vila visited a branch in Madrid to see how employees are handling this phase of the pandemic.