23 Mar 2022
BBVA adheres to a statement signed by 49 companies around the world to support people fleeing Ukraine and address their immediate needs. The companies involved include Adidas, Amazon, Deloitte, FedEx, L'Oréal, Pfizer, Unilever and Virgin. The initiative is part of the Tent Partnership for Refugees, a global non-profit. BBVA made a donation of 1 million euros to improve the living conditions of refugees.
17 Mar 2022
For the fifth time in the past six years, Garanti BBVA was named Turkey's Best Investment Bank by Global Finance, one of the world's leading financial magazines. The award confirms the bank’s expertise and reliability in international energy projects and major investments.
09 Mar 2022
BBVA has launched a donation campaign amongst its customers and employees in Spain, aimed at aiding in the humanitarian crisis that Ukraine is suffering. Moreover, BBVA will enable free transfers from individuals to Ukraine from March 7.
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.
16 Nov 2021
22 Sep 2021
The Latin American Federation of Banks (Felaban) organized its 2nd regulatory meeting in Madrid. The employers' association, which gathers the main banking associations in the region, participated in a working meeting with BBVA executives where they analyzed the outlook for Latin America post-pandemic.
31 Aug 2021
The pandemic has been one of the greatest health crises in recorded history. Thanks to rapid advances in science and technology, the light at the end of the tunnel is getting closer. Major vaccination efforts are currently underway to immunize the world's population. According to data from health authorities compiled by Our World in Data, 39.7% of the world's population has received at least one dose, while, as of today, almost 2.1 billion people across the globe are fully vaccinated.
30 Jul 2021
The BBVA Group’s attributable profit reached €2.33 billion between January and June 2021, excluding non-recurring impacts from the results generated by the sale of BBVA USA and the net costs of the restructuring plan in Spain. This figure is 146 percent higher than the one from 1H20 (+183 percent at constant exchange rates). Including these non-recurring impacts, the attributable profit stood at €1.91 billion, a figure that compares very favorably with the €1.16 billion loss recorded in the same period of the previous year amidst the pandemic breakout. These earnings were made possible thanks to revenue strength, particularly those linked to the bank’s core activity (net interest income and fees and commissions), as well as lower impairments vs. 1H20. Following the sale of the U.S. subsidiary, BBVA maintains a solid capital position, with a fully loaded CET1 ratio of 14.17 percent. The Group has also set the date for its Investor Day, on November 18, 2021, an online meeting where it will share its strategy and goals with the investment community.
10 May 2021
In 2020, BBVA allocated €79.1 million (55.6 percent of its total investment in social programs) to initiatives in support of education, knowledge and culture, benefiting 5.6 million people. In addition, over 2.2 million users accessed the content on education, science, culture and economics, which was provided by the bank through the digital platforms for its initiatives and programs. The BBVA Foundation and its activities also benefited 3.5 million people.
30 Apr 2021
The BBVA Group earned €1.21 billion in 1Q21, in line with quarterly earnings prior to the pandemic. In the year ago period, BBVA posted a €1.79 billion loss when it recorded a goodwill adjustment in its U.S. subsidiary and higher impairments. This quarter’s result was driven by strong recurring revenue and lower impairments and provisions than in 1Q20. Thanks to these earnings, BBVA generated 15 basis points of capital in the January-March period.
05 Apr 2021
As part of its ongoing commitment to financial education, BBVA USA hosted its third annual Financial Education Forum, a virtual event designed to provide insight on the state of financial health in the U.S. This year’s event featured a presentation of Financial Health Pulse 2020 U.S. Trends, which provides an ongoing snapshot of the financial lives of people in America.
15 Mar 2021
BBVA has once again been included in Fortune magazine’s 2021 ranking of the “world’s most admired” companies. It is the only Spanish bank in the megabank category.
16 Feb 2021
Garanti BBVA has been developing social investment programs for years with the aim of creating common values. With this in mind, the non-profit organization SALT was founded in 2011, which is now Garanti BBVA´s most important cultural and artistic initiative.
11 Feb 2021
Garanti BBVA has been included in Bloomberg’s Gender Equality Index - a recognition it received thanks to its internal equality policies, the benefits it provides its customers and its successful efforts through its entire value chain.
04 Feb 2021
Acquired by BBVA in 2016, the Finnish neobank Holvi will continue its activity led by one of his co-founders, Tuomas Toivonen.
29 Jan 2021
BBVA earned €1.32 billion between October and December, its highest quarterly result over the past two years. In 2020 BBVA helped three million clients affected by the pandemic, with about €63 billion in government-backed credit lines and loan deferrals. The sale of the U.S. subsidiary will provide some €8.5 billion in capital to grow in a profitable way across its footprint and increase shareholder distributions. BBVA will make a gross cash payment of €0.059 per share against 2020 earnings, and expects to resume its shareholder distribution policy in 2021 with a payout of 35-40 percent of profits. Additionally, the bank is targeting a buyback of about 10 percent of the Group’s shares, after the close of the sale of the U.S. franchise. All this subject to market conditions and the required approvals.
27 Jan 2021
In 2020, the world saw the beginning of a global pandemic that created major ripple effects across the board, including the banking industry. As BBVA USA began to adapt, so did its Global Wealth team - an effort that saw a continued increase in Customer Net Promoter Scores via the bank’s Voice of the Client (VoC) Experience Program for the eighth year in a row.
22 Jan 2021
18 Jan 2021
The Davos Forum, organized by the World Economic Forum (WEF), has once again decided to postpone its in-person meeting due to COVID, just as it did in 2021. This edition has promised to be one of the most special to date because of the magnitude of the changes that have taken place since it was last held and the challenges society is facing. With the pandemic as a catalyst, but without forgetting its commitment to a more sustainable and inclusive world, this year the forum will focus on working together to rebuild. From May 22, 2022 - May 26, 2022, Davos will once again be held in person following a two year hiatus due to the pandemic. This year, the meeting was planned for January 17th - 21st, but it wasn’t possible due to the spike in COVID-19 cases. Instead, the Davos Forum has organized a series of online conferences.
04 Jan 2021
BBVA is a global brand. As our tagline says, the bank works to "bring the age of opportunity to everyone.” And in these times, more than ever, a world of opportunities are in the digital world. That is where we navigate trying to tell the best stories of a journey that BBVA.com began five years ago. During the months of March and April 2020, BBVA's corporate website broke its record for monthly users thanks to a new content section on COVID-19, which signaled the enormous audience interest in information related to the pandemic.
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".
18 Dec 2020
Garanti BBVA offers its clients an advanced long-term currency transaction service through its Forward product, available on its website's business section.
18 Nov 2020
The sale of the U.S. subsidiary is “an extraordinary agreement” for everyone, as it “creates enormous value for shareholders and gives us a wide range of strategic options,” BBVA CEO Onur Genç said during his presentation this Wednesday at the 27th Financial Sector Meeting organized by Deloitte, Spanish daily ABC and Sociedad de Tasación. In this regard, he noted that “we will only participate in operations that create value for shareholders.” “We aren’t in a rush,” he added.
30 Oct 2020
BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today net income of $166 million for the third quarter of 2020 compared to a net loss of $124 million in the second quarter of 2020 and net income of $183 million in the third quarter of 2019. Return on average assets and return on average tangible equity(1) for the third quarter of 2020 were 0.63 percent and 7.32 percent, respectively.
BBVA earned €1.14 billion in the third quarter of 2020. It is the best quarterly result of the year and far exceeds the figure for 2Q20 (+79.5 percent in current euros, +83.4 percent at constant rates). Compared to the same period a year earlier, the 3Q20 result is 6.8 percent lower (+4.1 percent at constant rates). The strength of recurring revenues and cost containment efforts drove quarterly operating income to grow 13.5 percent yoy at constant exchange rates. In a challenging context marked by the pandemic, BBVA has shown a solid capacity to generate capital, with risk indicators having a positive performance. BBVA’s quarterly results also beat market expectations by 48 percent, as analysts’ consensus expected a result of €773 million.
30 Sep 2020
BBVA USA’s Senior Executive Vice President and Chief Talent & Culture Executive Rosilyn Houston was named today to American Banker’s Top 25 Most Powerful Women in Banking list, marking the fifth consecutive year she has been recognized by the outlet.
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."
01 Sep 2020
The world of work and professional environments are in the midst of a full blown transformation process, especially in the wake of the COVID-19 lockdown. According to Ophelie Richard, BBVA global head of Talent Acquisition, "the value of assigning workstations to specific individuals based on their hierarchy within the organization has been completely redefined." And this, in her opinion, "opens up great opportunities, from hiring employees regardless of their geographic location to workstation virtualization.”