26 May 2020
BBVA USA has funded approximately $3.3 billion small business loans in less than 60 days, processing more than 22,000 applications and impacting approximately 360,000 jobs through its efforts in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the bank announced today.
13 May 2020
The ‘RRSSalud’ project is researching the dynamics and types of fake news regarding coronavirus on social networks, thus helping to alleviate the negative effects of this health crisis. Coordinated by the researcher Ramón Salaverría, the initiative is part of the BBVA Foundation’s 2019 program to assist scientific research teams in economics and digital society. One of the first conclusions of the study has determined that one-third of current fake news stories refer to the health crisis contain health or scientific content.
30 Apr 2020
BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today a net loss of $2.2 billion for the first quarter of 2020. Included in first quarter 2020 results is goodwill impairment (non-cash charge) totaling $2.2 billion reflecting the drastic change in macroeconomic conditions and forecasts brought about by the COVID-19 pandemic. Excluding the impact of this non-cash charge, the adjusted net loss¹ for the quarter was $52 million, further reflecting the abrupt decline in interest rates and higher provision expense necessary to reflect the economic and business disruption caused by the pandemic.
BBVA posted a recurring profit of €1.26 billion in 1Q20 (+6.4 percent yoy), driven by the highest operating income in ten years (+14.1 percent), and boosted by a good performance of revenues and a containment in operating expenses. Following front-loaded provisions of €1.43 billion related to the COVID-19 crisis, BBVA earned €292 million in the first three months of the year. Including the goodwill adjustment at the U.S. unit, the bank registered a €1.79 billion loss in the quarter.
Carlos Torres Vila, Group Executive Chairman:
27 Apr 2020
21 Apr 2020
As part of Turkey’s national solidarity campaign, BBVA’s franchise will donate 200 ventilators to the Turkish Ministry of Health.
07 Apr 2020
Saving lives and preventing the collapse of intensive care units (ICUs). That is the priority for Spanish hospitals (and those around the world) during the peak of the COVID-19 pandemic. A recent report by the Gregorio Marañón University Hospital in Madrid, which analyzed one of the non-invasive ventilators from China (Yuwell 730), concludes that “its use is expected to delay or even prevent the need to transfer patients to the ICU, and therefore help to relieve their saturation.”
06 Apr 2020
BBVA USA today announced its commitment of more than $3.7 million to support organizations that are providing community support in response to the coronavirus pandemic. The funds are earmarked for a combination of community support, including a distribution of $1 million in rapid response funding.
03 Apr 2020
BBVA’s has increased its initial €25 million commitment to €35 million to be used in to fight the coronavirus pandemic in the countries within its operating footprint. BBVA Group Executive Chairman Carlos Torres Vila recently explained that the bank must “step up” and use everything in its power and all its resources “to save lives, alleviate the economic impact, and help others overcome these difficult times.”
01 Apr 2020
“The effects of the pandemic are devastating. Along with the irreparable loss of human life, both the virus and social confinement are contributing to a severe economic dilemma that cuts across society, including such susceptible segments like SMEs and the self-employed. At BBVA, we want to be as close to our customers as possible. Mitigating the socioeconomic impact of the coronavirus pandemic is crucial,” explained Lidia del Pozo, Director of Community Investment Programs at BBVA. During a webinar entitled ‘Responsible Banking during the COVID-19 Crisis,’ organized by the United Nations Environment Programme Finance Initiative (UNEP FI), representatives from financial institutions from around the world shared their strategies for addressing the pandemic and its impact on society.
30 Mar 2020
As developments with COVID-19 continue to evolve, so does our approach to conducting business safely. At BBVA, we are taking a number of proactive steps to help ensure your access to banking services, while protecting the health and safety of you and our employees. During this difficult time, we have implemented measures, announced offers and provided resources to minimize the impact on you and your banking needs.
BBVA Group is staying ahead of the crisis with a global remote working plan that protects customers and employees alike. It has also ensured continued, uninterrupted operations for both consumer and business customers by strengthening digital access to its full suite of services. To contain the spread of COVID-19, BBVA has significantly reduced the number of employees working in its branch offices.
25 Mar 2020
BBVA USA is providing additional assistance across its footprint to those who have been negatively impacted by the COVID-19 outbreak, including new offers for consumers and small businesses, and specialized benefits for employees.
The Group is to donate €25 million to combat the coronavirus outbreak across its footprint. This week, BBVA will deliver an initial batch of medical equipment, respirators and surgical masks, worth approximately €3 million to Spanish health officials.
24 Mar 2020
BBVA’s Turkish franchise is launching new measures to protect the health of employees, customers and society, while tackling the possible economic challenges generated in Turkey by coronavirus.
23 Mar 2020
Garanti BBVA, BBVA’s Turkish unit, has implemented a series of proactive measures to address the coronavirus pandemic, currently affecting 176 countries in the world. Garanti BBVA considers the health of its employees’, their families’, and society at large as its most important priority.
19 Mar 2020
13 Mar 2020
BBVA Group’s executive chairman referred to the Cenyt case at the 2020 Annual General Meeting, which was held on March 13, 2020. This is a transcript of what he said at the meeting.
14 Feb 2020
After naming a new CEO to take over its Houston market to start the year, BBVA USA has now announced that it has appointed Dee Hunt as its new Houston Global Wealth Executive.
BBVA CEO Onur Genç recently visited the U.S. operations of BBVA in a homecoming of sorts. As the President and CEO of the global financial services company’s U.S. subsidiary in 2017 and 2018, Genç is highly familiar with the bank’s U.S. operations, and the team was glad to welcome him back for a series of meetings meant to encourage the market as they begin the execution phase of the bank’s new 5-year strategic plan.
31 Jan 2020
BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today a net loss of $331 million for the fourth quarter of 2019. Included in fourth quarter 2019 results is goodwill impairment (non-cash charge) totaling $470 million. Excluding the impact of this non-cash charge, adjusted net income¹ for the quarter was $139 million, a 29 percent decrease from the $196 million earned in the fourth quarter of 2018. Return on average assets and return on average tangible equity¹ for the fourth quarter of 2019 were (1.37) percent and (14.46) percent, respectively. On an adjusted basis, return on average assets¹ was 0.58 percent and return on average tangible equity¹ was 6.09 percent.
21 Jan 2020
- Building Up: BBVA USA announced its involvement in a new 60-story, multi-use tower in downtown Austin.
- Enhancing Answers: BBVA USA announced that it was one of a few firms to beta test Yext Answers, a new search product for websites.
- Delivering Cheer: The BBVA Foundation teamed with its nonprofit partners to spread holiday joy to families participating in its financial education program.
15 Jan 2020
In its latest Spain Economic Outlook report – presented today by Jorge Sicilia, Director of BBVA Research and Chief Economist of BBVA Group, and Rafael Doménech, Head of Economic Analysis – BBVA’s research unit upheld the scenario it forecasted three months ago, which envisages a slowdown in Spain’s domestic GDP growth rate to 1.6% in 2020 from the 1.9% rate measured at 2019 year end. For 2021, a slightly more favorable international environment could result in a slight uptick in growth, with rates reverting to the 1.9% range. According to BBVA Research, this scenario would drive the creation of 600,000 jobs over the 2020-2021 timeframe, driving the unemployment rate down to around 12.5 percent, in average, in 2021.
This year marks the 50th anniversary of the World Economic Forum, popularly known as the Davos Forum. The event kicks off on January 21 in the Swiss district of Davos-Klosters. For half a century, this forum has brought together politicians, businesspeople, and representatives from social and cultural organizations in order to find solutions for the world’s problems. 2020 sees the launch of a new ‘Davos Manifesto’ with the single objective of building a more sustainable, inclusive world.
09 Jan 2020
BBVA USA has appointed Jorge Unda as Chief Investment Officer of its asset management units. In his new role, Unda will be responsible for overseeing the asset management functions of both the bank’s Asset Management & Trust division and those of BBVA Wealth Solutions, Inc., a registered investment adviser affiliate of the bank.
08 Jan 2020
BBVA USA today announced the appointment of Carin Marcy Barth as the newest member of BBVA USA Bancshares, Inc. Board of Directors.
07 Jan 2020
BBVA is a large company with lots of stories to tell – so many that four year ago, bbva.com was born. The platform serves to give life to the countless things that a group with a 160 year history and a presence in over 30 countries does.
23 Dec 2019
Sustainability is a core part of BBVA’s strategy. This strategy encompasses the bank’s Pledge 2025, which is founded on three pillars: 1) to secure €100 billion for green financing, sustainable infrastructure projects, social entrepreneurship, and financial inclusion. In the 18 months prior to and through June 2019, the bank had already secured €22 billion, close to 20 percent of its goal; 2) to manage environmental and social risks in order to mitigate direct and indirect impacts. BBVA will place an internal price on its CO2 emissions, which will be factored into its decision-making processes. All this will contribute to the bank’s goal of being carbon neutral in 2020; and 3) to engage with all stakeholders in order to collectively advocate for sustainable development within the financial industry. In 2019, the bank spearheaded the initiative that resulted in the Principles for Responsible Banking, and it signed up to the banking sector’s Collective Commitment to Climate Action.
20 Dec 2019
- Appointments: BBVA USA promotes Dillan Knudson to Houston CEO and Jon Rebello to Austin CEO; the bank also appoints personnel in various business units.
- Entrepreneurship: BBVA USA announces the overall winners for two of the bank’s small business initiatives.
- New Campaign: BBVA USA rolls out its biggest broadcast and digital marketing campaign in a decade.
12 Dec 2019
11 Dec 2019
10 Dec 2019
“We are in a climate emergency. It is currently the most pressing challenge humanity must face, and we have to be fast in taking action,” declared BBVA CEO Onur Genç, who recognized the important role sustainable finance plays in achieving the goals of the Paris Agreement. In a panel on the financial sector and sustainability at the Climate Change Conference in Madrid, BBVA’s CEO underscored the financial institution’s role in accompanying clients in this crucial environmental transition.
21 Nov 2019
20 Nov 2019
BBVA USA announced that its biggest broadcast and digital marketing campaign in a decade will be rolling out Friday and will continue through the remainder of the year and into 2020.
BBVA USA announced today Murat Kalkan will be responsible for the bank’s mortgage and home equity business across the U.S. including mortgage and home equity originations, servicing, secondary marketing, and portfolio management.
18 Nov 2019
The City of Birmingham last week celebrated the opening of phase one of the new $79.6 million Villas at Titusville housing community and the groundbreaking of phase two, slated for completion in 2020.
15 Nov 2019
BBVA USA announced today that it has promoted Kevin Fretz to the position of BBVA USA Director of Franchise Finance.
04 Nov 2019
Urgency and opportunity are the two defining traits of the current situation that financial institutions are facing in this climate emergency scenario. For Antoni Ballabriga, Global Head of Responsible Business at BBVA, there are “two axes that define this age of responsibility.” At BBVA, “we are lending at interest rates that reward companies that meet measurable sustainable goals.” In his opinion, the financial sector “is taking ownership of its share of responsibility in this transition, although we still have a long way to go.”
31 Oct 2019
BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today net income of $183 million for the third quarter of 2019 compared to earnings of $160 million in the second quarter of 2019 and $175 million earned in the third quarter of 2018. Return on average assets and return on average tangible equity¹ for the third quarter of 2019 were 0.76 percent and 8.03 percent, respectively.
23 Oct 2019
- Sustainability: BBVA USA becomes a founding signatory of the United Nations Principles for Responsible Banking, joining 130 banks worldwide committed to sustainability.
- Open Platform: BBVA Open Platform CEO Abhishek Gupta discusses the benefits of open banking and Banking-as-a-Service.
- Industry Recognitions: BBVA USA Chief Talent & Culture Executive earns Most Powerful Women in Banking recognition, and BBVA Net Cash USA Mobile app wins for best mobile and online experience.
14 Oct 2019
In its latest Spain Outlook report, presented today by Jorge Sicilia, the Director of BBVA Research and Chief Economist for the BBVA Group, and Rafael Doménech, the Head of Economic Analysis, BBVA Research lowered the forecast for the national GDP growth to 1.9 percent (from 2.3 percent three months ago) and to 1.6 percent for 2020 (from the previous forecast of 1.9 percent). The decrease is explained by a review of economic data carried out by Spain’s national statistics body, the INE, due to the negative trend in some components of demand and the deteriorating international context. Under this scenario, around 750,000 jobs would be created over the two-year period and the unemployment rate would average 13.3 percent next year.
08 Oct 2019
The Laredo Chamber of Commerce recognized three BBVA USA employees during their annual Laredo Chamber of Commerce Recognition of Volunteers & Awards Ceremony last month, with one being named the top volunteer in the area.
23 Sep 2019
The fourth time’s a charm for BBVA USA’s Senior Executive Vice President and Chief Talent & Culture Executive Rosilyn Houston, who was named Monday to American Banker’s Top 25 Most Powerful Women in Banking list.
18 Sep 2019
- Community Investment: BBVA and the Montrose Center, along with Houston community leaders, break ground on an affordable, LGBTQ-affirming independent senior living center.
- Retail Banking: BBVA USA Retail Banking Head Çağri Süzer highlights why branches and digital are complementary forces for the bank.
- Small Business: BBVA and the Houston Dynamo announce their annual small business contest.
19 Aug 2019
14 Aug 2019
José Manuel González-Páramo
31 Jul 2019
BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA), reported today net income of $160 million for the second quarter of 2019 compared to earnings of $184 million in the second quarter of 2018. Return on average assets and return on average tangible equity¹ for the second quarter of 2019 were 0.69 percent and 7.34 percent, respectively. Net income for the first six months of 2019 totaled $301 million compared to earnings of $393 million for the first six months of 2018. Return on average assets and return on average tangible equity¹ for the first six months of 2019 were 0.65 percent and 7.00 percent, respectively.