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Current news

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

18 Nov 2019

15 Nov 2019

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

23 Sep 2019

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

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.

17 Jul 2019

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 service slightly upgrades its domestic GDP growth forecast for 2019 to 2.3% (vs. 2.2% three months ago), and keeps its 2020 forecast unchanged at 1.9%. The economy is expected to continue expanding in the coming months, driven by the progressive recovery of the global environment, a more accommodative monetary policy and declining oil prices. Under this scenario, BBVA Research expects 810,000 new jobs to be created over the coming two-year period, driving the unemployment rate down to around 12.2% by the end of 2020.

12 Jun 2019

BBVA’s new brand  has now been rolled-out across all the countries within the bank’s footprint. The process of deploying the new corporate image will continue for the next six to twelve months, reaching all channels, both physical and virtual, and all customer touchpoints.

10 Jun 2019

BBVA today initiated its new brand strategy and updated logo originally announced in April, beginning the process of replacing tens of thousands of physical logos — and thousands more digital ones — with the bank’s new mark. In the U.S., crown signage on high rise buildings in Birmingham, Ala., Denver, Austin, San Antonio, Dallas and Houston unveiled the new logo today, along with four branch locations. Remaining locations will transition to the new brand in the coming months.

04 Jun 2019

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.

29 Apr 2019

BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income of $141 million for the first quarter of 2019 compared to earnings of $209 million in the first quarter of 2018. Return on average assets and return on average tangible equity* for the first quarter of 2019 were 0.61 percent and 6.64 percent, respectively.

24 Apr 2019

BBVA today announced to its employees that it will unify its brand and launch a new logo across its footprint, as it advances in its efforts to offer its customers the best products and services, in an increasingly digital environment. The Group held a special Live@BBVA event, watched in real time by its almost 126,000 team members, who attended in person or viewed via streaming. The event was co-hosted by BBVA Group Chairman Carlos Torres Vila and BBVA CEO Onur Genç.

BBVA will become the Group’s name globally. The bank will discontinue the local names in Argentina (Francés), Mexico (Bancomer), Peru (Continental), and the United States (Compass) in the coming months. Garanti, the Group’s franchise in Turkey, will change its name to Garanti BBVA.

18 Apr 2019

  • Workplace Equality: BBVA Compass earns a perfect score of 100 percent on the Human Rights Campaign Foundation’s 2019 Corporate Equality Index.
  • Risk Management: BBVA Compass joins 11 other financial institutions to advance best practices for managing third-party risk in the financial services industry.
  • Financial Education: On the heels of a successful four-month pilot, BBVA Compass launches its full financial education program for 2019

08 Apr 2019

BBVA Research, the research services arm of BBVA, has released its most recent edition of the “Spain Economic Outlook” where it forecasts a slight slowdown in growth. The report was presented today by BBVA Research Director and BBVA Group Chief Economist, Jorge Sicilia, and Rafael Doménech, Head of Economic Analysis at BBVA Research. The forecast lowers first quarter expectations to 2.2 percent in 2019 and 1.9 percent in 2020 (from 2.4 percent and 2 percent, respectively). Even so, the report signals that an improvement in economic activity could be underpinned by the global economy’s gradual recovery, an increasingly expansionary stance on monetary policy, continued low oil prices, and the positive conclusion to uncertainty stemming from different sources. Consequences of such a scenario would see a salary increase exceeding the inflation rate, an up to 12 percent reduction in unemployment in 2020, and the creation of close to 630,000 jobs over the next two years.

12 Mar 2019

The National Association of Women Business Owners reports 11.6 million women-owned firms in the United States. Access to banking solutions, ranging from small business loans to venture capital and digital applications, has been critical in fueling that growth.

08 Mar 2019

Onur Genç this week visited three of BBVA’s units in South America, in his capacity as BBVA Group CEO. His first stop was Bogotá, where he held a series of meetings with the teams of  BBVA in Colombia, which is led by Country Manager, Óscar Cabrera. The CEO stressed the franchise’s continued market share growth, with a 2 percent increase in seven years, to 10.25 percent. “A bank is only as good as its people. Congratulations on your achievements,” he said.

07 Mar 2019

01 Mar 2019

20 Feb 2019

  • Earnings: BBVA Compass reported a net income of $196 million for the fourth quarter of 2018.
  • Appointments: BBVA Compass appointed Miami Market CEO and new Global Wealth Executive.
  • Shutdown Relief: BBVA Compass announced that it will provide financial relief for clients directly impacted by the recent federal government shutdown.

18 Feb 2019

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BBVA regrets the inconveniences caused by the freezing of some customer accounts in Spain, which was undertaken in compliance with Anti-Money Laundering laws.  This legislation requires that banks assume obligations related to the knowledge, monitoring, and control of their customers and their banking activities with the aim of preventing money laundering in the financial system. BBVA has taken the necessary measures to streamline the documentation process and restore the affected accounts to normal activity, once the documentation required by law is in place.

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.

07 Feb 2019

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.

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.

16 Jan 2019

In general, banks are able to continue with business as usual during a government shutdown. Accounts can be opened, transactions can be processed, loans can be funded. However, there are some areas that rely heavily on Federal employees in specific situations.

15 Jan 2019

10 Jan 2019

With regards to media reports related to Grupo Cenyt, which if found to be true would be extremely serious, BBVA informs that in June 2018 it opened an investigation into the hiring and services rendered by this company. It also commissioned an external law firm to proceed with an independent review of all facts and available documents. Both actions are currently underway.

Should any irregularities be detected during these reviews, BBVA will adopt the pertinent internal measures and take the appropriate legal actions and, as always, will fully cooperate with law authorities.

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The 49th World Economic Forum, known as the Davos Forum, is set to begin on January 22 in the Swiss district of Davos-Klosters. For four days politicians, businessmen, and representatives from social and cultural organizations will gather to discuss global problems and identify solutions. This year, the forum will place special emphasis on international collaboration, giving the world a voice.

19 Dec 2018

BBVA is to initiate a strategic review of options for its automobile financing business in Chile, mainly carried out through Forum Servicios Financieros S.A (Forum). Some of the options being explored include a total or partial sale of Forum, which will not necessarily lead to a sale. BBVA will assess all possible options that contribute to create value for its shareholders.

29 Nov 2018