12 Mar 2019
The Shareholders General Meeting is one of a capital company’s fundamental governing mechanisms. During the meeting, the shareholders of the company adopt resolutions about matters required by law or by the company’s corporate bylaws. In the case of listed companies, AGMs have a defined structure established by the corporation law.
25 Feb 2019
Garanti has renewed its sponsorship of the Turkish Basketball Federation (TBF). The agreement recently signed between Garanti Bank CEO Fuat Erbil and TBF President Hidayet Türkoğlu extends the sponsorship for three more years.
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.
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
Global Finance selected Garanti Bank as the Best Trade Finance Bank in Turkey for the 9th year in a row. The magazine – one of the world’s leading financial publications – recognized the bank’s experience and leadership in foreign trade financing.
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.
31 Dec 2018
BBVA Compass has appointed banking industry veteran Heather Sanchez as its new Ontario City President, where she will lead the market’s commercial banking operations and manage the local advisory board.
27 Dec 2018
BBVA’s international expansion began in the mid 1990s. Today, with operations in more than 30 countries, the bank’s geographic diversification represents one of the great accomplishments of Francisco González’s twenty-year tenure as executive chairman, and is a key factor in the Group’s repeated positive results.
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.”
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.” Read more.
20 Dec 2018
The BBVA Group today named Javier Rodriguez Soler as CEO for BBVA Compass and country manager for the Group’s U.S. operations, following the appointment of Onur Genç as BBVA Group CEO. The appointment will provide continuity to the execution of the bank’s current strategy and continue the strong momentum the bank has built in the U.S.
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.
14 Dec 2018
BBVA Compass Investment Services has named Randall Bond as its new Chief Fiduciary Officer, where he will lead all trust and fiduciary operations for the newly-formed group. He will be based out of Houston.
13 Dec 2018
BBVA Compass has appointed banking veteran and experienced industry leader Che Goff as its Corpus Christi City President, where he will lead all commercial, small business and Global Wealth operations in the area.
14 Nov 2018
Intrama, a Spanish consulting firm, presented “VariableD 2019” during FactorW, a diversity event held in Spain. “VariableD 2019” is the third edition of the annual report that the consultancy prepares to assess progress in diversity matters within Spanish businesses. BBVA is included in this year’s Top30 list of businesses that are working harder and better to improve on this area, through the development and implementation of inclusion policies. This recognition attests to the bank’s commitment to offer equal development opportunities to all its employees and find more efficient ways to solve its customers’ needs.
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
Because safety is our top priority, many BBVA Compass branches along the Alabama and Florida Gulf Coast were closed on Oct. 10 due to Hurricane Michael. Below are the branches’ current status. We will continue to provide any updates as they become available. Online Banking and the BBVA Compass Mobile Banking app are still available, and you can also call us at 1-800-COMPASS.
28 Sep 2018
16 Aug 2018
A traditional debate that ensues when banks are expanding internationally revolves around whether it is preferable to run branch offices or set up subsidiaries. Subsidiaries are associated with decentralized models where banks adapt to the local environment, both from a business and regulatory point of view. The model that uses branches characterizes banks with a more centralized structure, where decisions are made by the parent company.
07 Aug 2018
World Finance Magazine and European CEO Magazine pay tribute to the BBVA unit’s achievements in customer experience and digital transformation. Garanti has been named as “the Best Retail Bank in Turkey” by World Finance Magazine and as “the Best Retail Bank in Europe” by European CEO Magazine in recognition of the quality of customer experience it delivers, the digital transformation of its branches and innovative projects and solutions such as its instant e-commerce loan.
27 Jul 2018
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.
18 Jul 2018
BBVA, today brings its customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.
17 Jul 2018
14 Jul 2018
Top news and articles from BBVA Compass in June reflected the bank’s commitment to being a digital leader and engine of opportunity for customers, small businesses and communities throughout its footprint. The bank also positioned itself as a financial education resource, publishing a series of informational articles on homeownership.
15 Jun 2018
BBVA Compass‘ record quarterly earnings for the first quarter of 2018 was top news on bbva.com for the month of April. Other leading news in April and May reflected the bank’s commitment to small businesses, financial education, and being an engine of opportunity locally and within its communities. The bank also published a series of articles that spotlighted its culture, employees and digital transformation.
01 Jun 2018
The BBVA Compass Foundation has announced that it will donate $2,500 to the Santa Fe Texas Education Foundation, Inc. to aid in recovery efforts in the wake of the recent tragedy at Santa Fe High School.
20 Mar 2018
BBVA today announced a reorganization of its Customer Solutions area led by its Global Head Derek White. The move aims to foster the development of innovative solutions for the Group’s clients and customers, the promotion of disruptive initiatives, while accelerating the bank’s transformation.
19 Mar 2018
BBVA allocated 103 million euros in 2017 to social initiatives on a global level. BBVA continued to reinforce the main pillars of action of its Community Investment Plan for the period 2016-2018: financial education, social entrepreneurship and knowledge. The graphic shows the main actions undertaken in these areas:
16 Mar 2018
BBVA AGM approves the Group’s financial statements with 99.67 percent of votes
The remaining items in the agenda were approved by a large majority.
23 Feb 2018
BBVA today launched its new BBVA for Everyone app, available for both iOS and Android operating systems, which enables the blind and those with physical or mild mental disabilities to use the bank’s network of over 6,300 automatic teller machines (ATMs). This new tool will guide those with visual disabilities to the ATM of their choice and help them withdraw cash. BBVA is a pioneer in this type of mobile solutions, which complement the services already available for people with disabilities on the web and corporate apps.
20 Feb 2018
Switzerland is currently the world’s largest private banking center, accounting for 25% of the global market. The country has a deep-rooted wealth management tradition, offering the perfect combination of experience, precision and a strong work ethic within a highly unstable geopolitical environment.
26 Jan 2018
Garanti Bank has won an award recognizing its commitment to the principles of corporate governance and its compliance with the directives of Turkey´s Capital Markets Board (CMB).
11 Jan 2018
BBVA presents Baby Planner, a new functionality within BBVA’s app and website that allows customers and non-customers to understand the expenses associated with having a baby. The monetary expenditure for families with a child under three is 10% higher than for those without, as concluded by estimates from BBVA Research after factoring in other differences between households. This added functionality serves to give new parents the information they need to plan their finances. BBVA Baby Planner also provides the economic effects associated with maternity and paternity-leave and other schemes to offer “work-baby balance.”
10 Jan 2018
BBVA-owned content be available through a number of channels, including iVoox, Apple podcasts, bbva.com and BBVA’s social media profiles. BBVA’s first proposal for the new channel is Blink, a weekly program offering practical information on personal finance, fintech solutions, work methodologies and tips to help users make the best financial decisions.
12 Dec 2017
BBVA Francés is fully immersed in its transformation to digital banking. This year, the bank moved into a modern tower in Buenos Aires, where it is growing as a company, both culturally and in terms of teamwork. Customer experience is setting the pace of change towards a mobile future. For CEO Martín Zarich, the customer experience sets the pace towards a changeable future. In his opinion: “the moment is now, not in five years’ time”.
11 Dec 2017
In April 2010, when smartphone penetration was still very low in Argentina, BBVA Francés launched an innovative communication channel to be closer to its customers. FrancésGo was the first mobile channel in the financial sector. It allowed customers to obtain information about BBVA Francés card promotions by text message (SMS that all types of devices could receive), segmented by area, type and brand. At the time, customers had to send the word “GO” to a four-digit number. And that’s how it all started.
ShareAction, one of the most important observers of responsible investing, has published a study on the 15 biggest European banks, analyzing how we manage the risks and opportunities related to climate change. This study follows the guide for investors on discussing climate change with their bank that was published a few months ago.
The oldest private domestic bank in Argentina and one of the leaders in Latin America, BBVA Francés on October 14 marked its 130th year in operation and its 21st year as part of the BBVA Group. In the course of its history, BBVA Francés has gone from being a 20th century “temple of money,” to a powerhouse of digital banking in the Argentina of the 21st century.
04 Dec 2017
BBVA has appointed María Abascal as Global Director of Institutional Relations. Abascal brings to the post more than 15 years of experience in the analysis of economic, financial, regulatory and institutional affairs in the public and private sector. Prior to her new appointment, since June 2010 she had been BBVA Research’s Chief Economist for Regulation and Public Policies.
21 Nov 2017
BBVA customers in Spain now have access to a new feature that completely simplifies mobile-to-mobile money transfers. The transfers are totally secure and do not require customers to use BBVA’s mobile banking app. Both Android and iOS users can send money through BBVA’s “chatbots” on instant messaging apps like Facebook Messenger and Telegram. And those using the iOS operating system (iPhone) will also be able to do so with the voice assistant, Siri. All this has been made possible thanks to an evolution of the Bizum system, which enables users to send money between cell phones with the apps of the major Spanish banks.
17 Nov 2017
Positive market conditions and investor appetite have helped BBVA to get an excellent reception for its sixth issue of CoCos. The Group has issued a $1 billion bond, with the lowest coupon in dollars for an issuer from southern Europe (6.125%), and the longest maturity (perpetual, with a ‘call’ option starting in the tenth year). Registration of a prospectus with the U.S. Securities and Exchange Commission (SEC) has prompted a bigger participation from American, European and Asian investors.
15 Nov 2017
The BBVA Group takes another step forward in its digital transformation and in improving customer experience, with a new website for shareholders and investors. The site includes new content and the latest trends in browsing, and is accessible from any mobile device.
13 Nov 2017
BBVA Compass today announced that Manolo Sánchez is retiring as non-executive chairman of the board of directors of BBVA Compass and its holding company, BBVA Compass Bancshares, Inc. Terry Strange, longtime member of the board and the current chairman of the Audit and Compliance Committee, will step into the role of non-executive chairman effective Nov. 15.
10 Nov 2017
In the last two years four forces have shifted their perspective on sustainable issues. First, the global agenda has included sustainability in its goals with two key milestones: Paris agreement on climate change and Sustainable Development Goals by United Nations.Second, enterprises have understood that SDG mean a huge market and a new scope of opportunities. A new 12 trillion dollars market per year and 70 trillion dollars investment before 2030.Third, relevant investors have changed their perspective and therefore their way of seeking engagement on environmental and social issues. And finally, there has been an increase in regulation and soft-regulation related to this topics. Task Force on Climate – related Financial Disclosures (TCFD) or the High Level Expert Group from the European Commision are two good examples of it.
27 Oct 2017
BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income of $130 million for the third quarter of 2017, an 8 percent increase from the $120 million earned during the third quarter of 2016. Included in third quarter 2017 results is approximately $60 million (pre-tax) of provision expense related to Hurricanes Harvey and Irma. Return on average assets and return on average tangible equity(1) for the third quarter of 2017 were 0.59 percent and 6.40 percent, respectively.
- Operating income: Recurring revenues continued their upward trend, growing 4.2% between January and September. This, together with cost containment efforts (expenses dropped 1.7% in the year to September), drove operating income to a record €9.52 billion
- Risks: The NPL ratio continued to improve, reaching 4.5% in September (vs. 4.8% in June), the lowest level in the past five years. Coverage increased to 72%
- Capital: The fully-loaded CET1 ratio rose to 11.2% in September, reflecting a capital generation of 30 basis points in the first nine months of the year
- Transformation: The digital customer base grew 24% y-o-y to 21.1 million in September. Of these, the number of customers banking with their smartphones surged 43% to 15.8 million
25 Oct 2017
BBVA is collaborating with CSR Europe to translate the “Blueprint for Embedding Human Rights in Key Company Functions” into Spanish. This manual uses practical examples and specific guidelines to help companies incorporate human rights into their business.
29 Sep 2017
BBVA Group Executive Chairman Francisco González sent a message of solidarity to Mexico on behalf of the Group after the recent earthquakes. “Mexico’s response in the wake of these natural disasters should be an inspiration to all, it has been exemplary,” said Francisco González during his visit to Mexico City, where he paid tribute to the country’s strength and reaffirmed BBVA’s commitment to Mexico, especially at times like this.
26 Sep 2017
Perseverance is the key to success. That was the message BBVA’s Group Executive Chairman shared with an audience of finance and banking students at the start of the academic year. “Amazon was about to collapse twice. It has been hard for us, but here we are leading the transformation of the industry,” said Francisco González. Principles are the other fundamental element: “Never give in to misconduct,” he told them.