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Press release

29 Apr 2022

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BBVA posted a net attributable profit of €1.65 billion in the first quarter of 2022 (+36.4 percent yoy at current exchange rates, +41 percent in constant euros), on the back of revenue growth, bolstered by solid activity (+10.6 percent), and improved risk indicators. Between January and March 2022, the Group reported its highest operating income and the highest recurring profit ever. Furthermore, it saw extraordinary progress in the execution of its strategy, with a record quarter in customer acquisition and sustainable financing. The efficiency ratio improved significantly, reaching 40.7 percent, and in terms of profitability, ROTE and ROE improved to 15.9 percent and 15.1 percent, respectively. BBVA maintains a solid capital position, with a fully-loaded CET1 ratio of 12.70 percent.

15 Nov 2021

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BBVA’s Board of Directors has agreed to launch a voluntary takeover bid for the 50.15 percent stake it does not own in Garanti BBVA, with a price of 12.20 Turkish lira per share. The bid will be carried out after BBVA receives all the necessary regulatory approvals. The transaction is positive for BBVA shareholders since it will propel the Group’s growth in one of its main markets, generating a high return on the investment, with a very limited impact on capital. The price offered represents a premium of 34 percent over the volume weighted average price of the past six months, which makes it very attractive for Garanti BBVA shareholders as well.

08 Jun 2021

BBVA and the majority of the labor union representatives (CC.OO., ACB and UGT) have reached an agreement on the adjustment plan in Spain, which involves redundancies of part of the workforce (a total of 2,935 people, about 10 percent of employees of the Group in Spain) through layoffs and voluntary terminations, and an outplacement program for 100 percent of the affected employees through Randstad. The agreement also includes the closing of 480 branches. The process has been characterized by a constructive dialogue between the parties to reach the best agreement for everyone.

01 Jun 2021

25 May 2021

BBVA USA today announced the opening of 11 new branches across five Texas markets, marking a major milestone in an endeavor first announced in June 2020.

The branches, opened in early May, feature updated branch models aligned with the bank’s vision of integrating both a digital and face-to-face branch banking experience for customers. The bank’s new set of branches can be found in the Houston, Austin, San Antonio, Fort Worth and Dallas markets.

20 Apr 2021

Carlos Torres Vila, Group Chairman

  • Sustainability: Banks have a key role in “analyzing investment opportunities and managing the risks associated” to climate change
  • Sale of the U.S. subsidiary: “We have an extraordinary position of strength, which gives us tremendous strategic optionality to continue creating value for shareholders”
  • Dividend: “We propose to the AGM the approval of the agreements required to implement a share buyback plan of up to 10 percent of the Group’s shares once the sale of our U.S. subsidiary is closed”

Onur Genç, Chief executive officer

  • Digitization: “Our focus on creating end-to-end digital solutions and processes has been key to reaching new clients, which is one of our strategic priorities”
  • Capital: Following the sale of the U.S. subsidiary, BBVA will be “one of Europe’s best capitalized banks, with the largest margin between our capital position and the minimum requirement”
  • Team: “We continue fostering inclusion and diversity, because we are convinced that it makes us better, as a company and as a society”

12 Apr 2021

11 Mar 2021

16 Nov 2020

BBVA has agreed to sell to PNC its subsidiary in the U.S. for $11.6 billion (€9.7 billion¹) in cash, an amount that represents 19.7 times the unit’s 2019 earnings², and that is almost 50% of BBVA’s current market capitalization, creating significant value for shareholders. The transaction will have a positive impact on BBVA’s fully loaded CET1 ratio of c.300 basis points, or €8.5 billion of CET1 generation.

10 Nov 2020

BBVA USA, the U.S. subsidiary of Madrid-based BBVA, today announced it is offering a digital Home Equity Line of Credit (HELOC) through its website, powered by Prosper, a leading online marketplace for consumer loans. Prosper’s digital HELOC platform, which was developed to simplify the process of applying for and obtaining a HELOC, is now available to BBVA USA customers in select states via the BBVA-branded version of the platform.

21 Oct 2020

31 Aug 2020

18 Aug 2020

25 Mar 2020

17 Mar 2020

13 Mar 2020

Carlos Torres Vila, Group executive chairman

  • Excellent figures: “In 2019 BBVA posted its highest net attributable profit of the past decade without one-offs”
  • New strategic priorities: We want “to improve our clients’ financial health and help them transition toward a sustainable future”
  • Dividend: BBVA is proposing at the AGM a complementary gross cash dividend of €0.16 per share. The total dividend for the year stands at €0.26 per share, which reflects a 36 percent of attributable profit, excluding the impact of the goodwill adjustment in the U.S.

Onur Genç, Chief executive officer

  • Business model: “Once again, we have demonstrated the strength of our diversified model”
  • Profitability: “We are number one in terms of profitability,” among 15 largest European banks

09 Mar 2020

14 Feb 2020

09 Jan 2020

23 Dec 2019

19 Dec 2019

05 Dec 2019

19 Nov 2019

15 Nov 2019

07 Nov 2019

07 Aug 2019

BBVA has reached an agreement with Banco GNB Paraguay, a unit of Grupo Financiero Gilinski, to sell 100% of its capital in BBVA Paraguay, for about 270 million dollars (about 240 million euros). Said price is subject to the regular adjustments for these kind of transactions between the signing and closing dates of the transaction.

24 May 2019

14 May 2019

  • Earnings: For the first quarter of 2019, BBVA Compass reports a net income of $141 million.
  • Community Investment: The BBVA Compass Foundation donates $1 million to the construction of Avenue Center, a mixed-use community resource center in north Houston.
  • Unified Brand: BBVA announces that it will launch a new logo and unify its brand across its footprint, with BBVA becoming the Group's name globally.