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Carlos Torres Vila

31 Oct 2019

BBVA’s Group executive chairman participated in the Money 20/20 conference on financial technologies in Las Vegas, Nevada (U.S.), one of the most  important global events that brings together leading actors from the fintech and financial services industries. There he reiterated the need for “global, cross sector regulation” that fosters data exchange among different companies. “Customers must be the real winners,” insisted Torres Vila, stressing the idea that the free flow of data would facilitate the development of new services that will benefit citizens, society and the planet.

21 Oct 2019

This week, Carlos Torres Vila attended the annual meetings of the International Monetary Fund (IMF), the World Bank and the Institute of International Finance (IIF) in Washington. BBVA’s Group executive chairman participated in a panel discussion on banking in the digital age, where he stated that: “Technology is a very powerful lever for financial inclusion. It allows us to reach people we never could before.”

11 Oct 2019

BBVA Group executive chairman Carlos Torres Vila, CEO Onur Genç, and the Country Manager of BBVA Spain, Cristina de Parias met on Friday with the bank’s management team in Catalonia to discuss the challenges and opportunities this territory offers. More than 60 percent of Catalan companies are BBVA clients. The bank will continue putting the focus on connecting with its clients and customers.

08 Oct 2019

Climate change, the biodiversity crisis and inequality pose “the greatest sustainability challenges in the coming years,” according to BBVA Group executive chairman Carlos Torres Vila. “Addressing the most important challenges humanity has ever faced is in our hands, and the future will depend on what we do now. For banks, the future of banking lies in financing the future.” Given all of these challenges “companies cannot simply stand by,” he emphasized at an event held by the SERES Foundation in Madrid on Tuesday.

02 Oct 2019

More than 126,000 BBVA employees spent the day re-familiarizing themselves with, assimilating, and living the corporate values, which represent a fulcrum to the bank’s cultural transformation. Over the course of the day, bank employees participated in workshops and activities that reinforced the central pillars underpinning the bank’s mission, “to bring the age of opportunity to everyone.” This year’s event also included participation from the network of sales teams, who developed special activities to enhance an understanding of how they can help customers on a day-to-day basis.

23 Sep 2019

22 Jul 2019

17 Jun 2019

12 Jun 2019

BBVA executive chairman Carlos Torres Vila met today with Mexican President Andrés Manuel López Obrador at the National Palace in Mexico City. Torres Vila conveyed BBVA Group’s commitment with Mexico to the Mexican president and announced an investment of 63 billion pesos (about €2.9 billion at today’s exchange rate) for the 2019-2024 period. During that time, BBVA will continue to contribute to Mexico’s economic growth by providing loans to families and businesses.

11 Jun 2019

BBVA Group Executive Chairman Carlos Torres Vila underscored the Group’s strong commitment to Mexico today. Speaking at the bank’s annual Meeting of Regional Advisors, he noted that the Group has made considerable investments in the country, while sharing its expertise and talent, always focusing on the goal of creating opportunities for Mexican companies, families and its society as a whole. “Mexico has grown with BBVA, and BBVA has grown with Mexico,” he said.

04 Jun 2019

29 Apr 2019

Transformation: BBVA continued to make progress in its transformation, with a clear impact on growth of its customer base, productivity, efficiency and customer experience. Digital unit sales now account for 57 percent of the total and over half of the customers use digital channels to interact with the bank

Efficiency: Positive top-line trends in the P&L account, together with an ongoing focus on cost reduction, led to double-digit growth in operating income compared to the first quarter 2018 in constant euros, and an improvement in the efficiency ratio, which dropped 118 basis points since December, to 48.1 percent

Risk management: The NPL ratio remained at 3.9 percent, while the coverage ratio improved to 74 percent. The cost of risk stood at 1.06 percent

Capital adequacy: The fully-loaded CET1 capital ratio closed the quarter at 11.35 percent, inching closer to the target of 11.5 to 12 percent, fully absorbing IFRS 16 impact
Profitability: BBVA continued to be a leader in profitability, with ROE standing at 9.9 percent, and ROTE at 11.9 percent, well above the average of its European peers

Value creation for the shareholder: The tangible book value plus dividends per share rose 11 percent from a year earlier

Board of Directors: At its meeting today, the Board also approved a series of agreements related to appointments and its committees

25 Apr 2019

15 Apr 2019

It isn’t easy to live in Soacha. Despite being close to Bogota, basic services like running water are not available on a daily basis and the streets of this town, one of the most impoverished in Colombia, are known for their insecurity and lack of infrastructure. But everything is possible with an opportunity and enthusiasm and Jessica Hernandez is the perfect example of this. BBVA’s Group executive chairman wanted to meet the entrepreneur whose story was heard around the world following her speech at the United Nations during a BBVA Microfinance Foundation event.

09 Apr 2019

At an event organized by the Massachusetts Institute of Technology (MIT) in Boston, BBVA’s Group executive chairman presented Openmind’s new book, ‘Towards a New Enlightenment? A Transcendent Decade‘. Carlos Torres Vila and two contributing authors, Joanna Bryson and Sandy Pentland, discussed the implications of big data and artificial intelligence in the current technological context and its role in the so-called fourth industrial revolution.

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

01 Mar 2019

The BBVA Foundation will present its most prestigious awards in Bilbao on June 18th.  The eight category winners will be honored at the 11th Frontiers of Knowledge Awards ceremony, which will be hosted at the Euskalduna Palace. “Linking the Frontiers of Knowledge Awards to Bilbao, the city and its institutions become the hosts of an event that celebrates knowledge with world leading figures in different fields of science, technology and the arts,” said BBVA Foundation President Carlos Torres Vila.

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”

  • 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

29 Jan 2019

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 interception 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.

31 Dec 2018

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.

26 Dec 2018

Francisco González was greeted warmly by the auditorium at Ciudad BBVA in Madrid where he was bid farewell with applause and a standing ovation. The bank’s executive chairman was interviewed by his successor, Carlos Torres Vila, in a memorable conversation that the Group employees could follow from more than 30 countries. After 22 years at the helm of the bank that has become BBVA, Francisco González declared that “with much effort,” the legacy he leaves behind is “a bank in solid financial shape, an extraordinary project, and an absolutely exceptional team.”

21 Dec 2018

12 Dec 2018

Carlos Torres Vila took part in the ‘14th Banking Industry Meeting’ organized by IESE and EY in Madrid. BBVA’s CEO spoke about how digital transformation reflects on the outside, but originates inside organizations. In the current environment, he believes that banks need to harness the potential of new technologies to create opportunities for their customers. “We think big, not only in the sense of being ambitious, but of being innovative, breaking molds and surprising the customer,” he said.

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.

30 Oct 2018

At a press conference Carlos Torres Vila released BBVA’s earnings for the January-September 2018 period. The forthcoming decision on who should pay the levy on documenting mortgages loans – banks or the customers – which is due to be made by Spain’s Supreme Court on November 5, was raised during the presentation. In regard to the possibility of the ruling being retroactive, he stated “You can’t penalize those who have followed the law. This is precisely what the principle of legal certainty embodies, which protects us all.”

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

03 Oct 2018

28 Sep 2018

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.

27 Jul 2018

In the presentation of its results to the media, BBVA’s CEO Carlos Torres Vila emphasized the bank’s “strong push to business digitization not only drives sales but is fundamental to cost control.” This “digital push” is driving total revenues while keeping costs down. As a whole, this allows efficiency to continue to improve. In fact, the efficiency ratio stood at 49.2 percent as of June, 82 basis points below the figure for 2017 at constant exchange rates.

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Following the release of BBVA’s Q2-18 earnings, BBVA CEO Carlos Torres Vila said today that the quarter’s net attributable profit stood at €1.31 billion, bringing the total for the first six months of the year to €2.65 billion, up 15 percent from the same period a year earlier. “We were off to a very good start of 2018 last quarter, and this quarter we’ve managed to achieve some excellent results, despite the uncertainty surrounding some of the markets in which we operate,” he said.

  • Transformation: At the end of June, BBVA’s digital customer base stood at 25.1 million (+26 percent yoy). Of these, 20.7 million were mobile customers (+43 percent yoy). Digital sales increased in H1-18 and now account for 39 percent of total sales. All this contributed to strengthen recurring banking revenues and to keep efficiency at 49.2 percent
  • Income: Solid trends in recurring revenues and cost containment efforts drove operating income growth in the first six months of 2018 (+6.8 percent in constant terms). Profitability has also improved significantly. ROE stood at 11.7 percent, while ROTE was 14.3 percent
  • Risks: Risk indicators continued to perform robustly. At the end of June, the NPL ratio stood at 4.4 percent, with coverage of 71 percent
  • Capital: A pro-forma fully-loaded CET ratio of 11.40 percent was reached in June. It includes the sale of BBVA Chile (finalized in July) and the Cerberus agreement to reduce its exposure to the real estate business. The tangible book value per share grew in the quarter

27 Jun 2018

22 May 2018

15 May 2018

BBVA CEO Carlos Torres Vila said this morning in Mexico that “digitization is having a huge impact on customer satisfaction,” resulting in higher levels of engagement. “Digitization is helping customers interact more with us, and they are more satisfied and loyal. This new way of interacting is a powerful lever that is transforming our value proposal, allowing us to help our clients with their lives and businesses in a deeper way,” he added.

30 Apr 2018