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        <title>Significant events - NEWS BBVA</title>
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        <link>https://www.bbva.com/en/</link>
        <description>NEWS BBVA</description>
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        <language>en-US</language>
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                                <item>
                    <title>BBVA gets green light from U.K’s Prudential Regulation Authority to take indirect control of Banco Sabadell’s British unit TSB</title>
                    <link>https://www.bbva.com/en/economy-and-finance/bbva-gets-green-light-from-u-ks-prudential-regulation-authority-to-take-indirect-control-of-banco-sabadells-british-unit-tsb/</link>
                    <pubDate>Tue, 03 Sep 2024 05:55:48 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Mergers and acquisitions]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?post_type=economyfinance&#038;p=1058492</guid>
                                            <description>
                            <![CDATA[The <a href="https://www.bankofengland.co.uk/explainers/what-is-the-prudential-regulation-authority-pra">U.K.’s Prudential Regulation Authority</a> has given green light to BBVA to take indirect control of <a href="https://www.tsb.co.uk/personal.html">TSB Bank plc</a>, Banco Sabadell’s banking subsidiary in the United Kingdom. The authorization is one of the conditions to which the purchase offer to Banco Sabadell shareholders is subject and a necessary step to complete it, since TSB would become part of BBVA.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[The <a href="https://www.bankofengland.co.uk/explainers/what-is-the-prudential-regulation-authority-pra">U.K.’s Prudential Regulation Authority</a> has given green light to BBVA to take indirect control of <a href="https://www.tsb.co.uk/personal.html">TSB Bank plc</a>, Banco Sabadell’s banking subsidiary in the United Kingdom. The authorization is one of the conditions to which the purchase offer to Banco Sabadell shareholders is subject and a necessary step to complete it, since TSB would become part of BBVA.]]>
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                    <title>BBVA completes extraordinary €1 billion share buyback program</title>
                    <link>https://www.bbva.com/en/economy-and-finance/bbva-completes-its-extraordinary-e1-billion-share-buyback-program/</link>
                    <pubDate>Wed, 29 Nov 2023 18:37:47 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Share capital]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=1015459</guid>
                                            <description>
                            <![CDATA[BBVA successfully completed the share buyback program <a href="https://www.bbva.com/en/green-light-to-bbvas-new-e1-billion-share-buyback/">launched on October 2</a>, which reached €1 billion. Under the program, the bank repurchased a total of 127,532,625 shares at an average price of €7.84. The buyback has the consideration of extraordinary shareholder distribution, which means that it is in addition to BBVA's shareholder distribution policy of between 40 and 50 percent of the bank's earnings.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA successfully completed the share buyback program <a href="https://www.bbva.com/en/green-light-to-bbvas-new-e1-billion-share-buyback/">launched on October 2</a>, which reached €1 billion. Under the program, the bank repurchased a total of 127,532,625 shares at an average price of €7.84. The buyback has the consideration of extraordinary shareholder distribution, which means that it is in addition to BBVA's shareholder distribution policy of between 40 and 50 percent of the bank's earnings.]]>
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                    <title>BBVA reaches 86 percent stake in its Turkish franchise, following the closing of the takeover bid</title>
                    <link>https://www.bbva.com/en/bbva-reaches-86-percent-stake-in-its-turkish-franchise-following-the-closing-of-the-takeover-bid/</link>
                    <pubDate>Wed, 18 May 2022 17:17:03 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Mergers and acquisitions]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=913235</guid>
                                            <description>
                            <![CDATA[As a result of the voluntary takeover bid for the 50.15 percent that BBVA did not own in Garanti BBVA, the Group acquired shares of its Turkish unit, which account for 36.12 percent of its social capital, reaching a total stake of 85.97 percent.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[As a result of the voluntary takeover bid for the 50.15 percent that BBVA did not own in Garanti BBVA, the Group acquired shares of its Turkish unit, which account for 36.12 percent of its social capital, reaching a total stake of 85.97 percent.]]>
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                                <item>
                    <title>BBVA increases the price of the takeover bid for its Turkish unit</title>
                    <link>https://www.bbva.com/en/bbva-increases-the-price-of-the-takeover-bid-for-its-turkish-unit/</link>
                    <pubDate>Mon, 25 Apr 2022 07:24:44 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=907874</guid>
                                            <description>
                            <![CDATA[<a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2022/04/25042022HRprecioOPAGaranti_ENG.pdf">BBVA's Board of Directors has agreed to increase the price offered</a> for each share of the 50.15 percent of Garanti BBVA, from the<a href="https://www.bbva.com/en/bbva-to-launch-takeover-bid-for-remaining-50-15-percent-of-turkish-franchise/"> initially announced</a> (12.20 Turkish lira) to 15 Turkish lira.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[<a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2022/04/25042022HRprecioOPAGaranti_ENG.pdf">BBVA's Board of Directors has agreed to increase the price offered</a> for each share of the 50.15 percent of Garanti BBVA, from the<a href="https://www.bbva.com/en/bbva-to-launch-takeover-bid-for-remaining-50-15-percent-of-turkish-franchise/"> initially announced</a> (12.20 Turkish lira) to 15 Turkish lira.]]>
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                                <item>
                    <title>BBVA starts execution of next €1 billion of its share buyback program</title>
                    <link>https://www.bbva.com/en/bbva-starts-execution-of-next-e1-billion-of-its-share-buyback-program/</link>
                    <pubDate>Wed, 16 Mar 2022 06:47:00 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Share capital]]>
                            </category>
                                                    <category>
                                <![CDATA[Shareholders]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=897104</guid>
                                            <description>
                            <![CDATA[BBVA will resume today, March 16, 2022, the execution of its share buyback program. After completing a €1.5 billion initial tranche, it will continue with an additional amount of up to €1 billion, to be executed in the next two to three months. Following its completion, BBVA will proceed with additional buybacks of up to a maximum of €1 billion, thus completing its share buyback program for a maximum of €3.5 billion, one of the largest among European banks to date.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA will resume today, March 16, 2022, the execution of its share buyback program. After completing a €1.5 billion initial tranche, it will continue with an additional amount of up to €1 billion, to be executed in the next two to three months. Following its completion, BBVA will proceed with additional buybacks of up to a maximum of €1 billion, thus completing its share buyback program for a maximum of €3.5 billion, one of the largest among European banks to date.]]>
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                                <item>
                    <title>BBVA complies with its new MREL requirement, which shrinks to 21.46 percent following the sale of its U.S. subsidiary</title>
                    <link>https://www.bbva.com/en/bbva-complies-with-its-new-mrel-requirement-which-shrinks-to-21-46-percent-following-the-sale-of-its-u-s-subsidiary/</link>
                    <pubDate>Tue, 08 Mar 2022 18:51:58 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Debt issuance]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=894771</guid>
                                            <description>
                            <![CDATA[Starting Jan 1, 2022, BBVA must meet a volume of own funds and eligible liabilities (MREL) of 21.46 percent, or 24.72 percent including the requirement of combined capital buffers in terms of its risk-weighted assets (RWAs). As of December 31, 2021, the bank already complied with this requirement, reaching 28.24 percent, as well as with the subordination requirement.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Starting Jan 1, 2022, BBVA must meet a volume of own funds and eligible liabilities (MREL) of 21.46 percent, or 24.72 percent including the requirement of combined capital buffers in terms of its risk-weighted assets (RWAs). As of December 31, 2021, the bank already complied with this requirement, reaching 28.24 percent, as well as with the subordination requirement.]]>
                        </content:encoded>
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                                <item>
                    <title>BBVA and labor unions sign agreement on adjustment plan in Spain</title>
                    <link>https://www.bbva.com/en/es/bbva-and-labor-unions-sign-agreement-on-adjustment-plan-in-spain/</link>
                    <pubDate>Tue, 08 Jun 2021 17:31:41 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Press release]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                    <category>
                                <![CDATA[Work relationships]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=845930</guid>
                                            <description>
                            <![CDATA[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.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[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.]]>
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                                <item>
                    <title>BBVA ends conversations with Banco de Sabadell without any agreement</title>
                    <link>https://www.bbva.com/en/bbva-ends-conversations-with-banco-de-sabadell-without-any-agreement/</link>
                    <pubDate>Fri, 27 Nov 2020 06:47:38 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Corporate information]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=806760</guid>
                                            <description>
                            <![CDATA[Following the <a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2020/11/161120HRConversacionesBancoSabadell_Eng.pdf">relevant event</a> released on November 16, 2020, BBVA announces on <a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2020/11/271120HRCierreConversacionesSabadell_Eng.pdf">another relevant event</a> filed with Spanish regulator CNMV that the conversations in relation to a potential merger transaction with Banco de Sabadell have come to an end without any agreement.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[Following the <a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2020/11/161120HRConversacionesBancoSabadell_Eng.pdf">relevant event</a> released on November 16, 2020, BBVA announces on <a href="https://shareholdersandinvestors.bbva.com/wp-content/uploads/2020/11/271120HRCierreConversacionesSabadell_Eng.pdf">another relevant event</a> filed with Spanish regulator CNMV that the conversations in relation to a potential merger transaction with Banco de Sabadell have come to an end without any agreement.]]>
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                                <item>
                    <title>BBVA reaches an agreement with Allianz to boost its non-life insurance business in Spain</title>
                    <link>https://www.bbva.com/en/bbva-reaches-an-agreement-with-allianz-to-boost-its-non-life-insurance-business-in-spain/</link>
                    <pubDate>Mon, 27 Apr 2020 18:31:10 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[miriam.gidron]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=751121</guid>
                                            <description>
                            <![CDATA[BBVA and Allianz have reached an agreement to create a bancassurance partnership, aimed at jointly boosting the non-life insurance business in Spain. The partnership brings together two strong and innovative global leaders with common strategic priorities. It also combines the expertise of industry partner Allianz, a leader in innovation and product development in bancassurance, with BBVA’s client knowledge and network distribution, offering customers products and solutions to improve their financial health and that of their businesses. The agreement, which is subject to the approval of regulatory authorities, is expected to generate a net profit of c. €300 million and c. 7 basis points on BBVA Group fully-loaded CET1 capital ratio, according to the initial price set at c. €277 million. Additionally, Allianz could pay up to €100 million more, depending on a series of goals.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[BBVA and Allianz have reached an agreement to create a bancassurance partnership, aimed at jointly boosting the non-life insurance business in Spain. The partnership brings together two strong and innovative global leaders with common strategic priorities. It also combines the expertise of industry partner Allianz, a leader in innovation and product development in bancassurance, with BBVA’s client knowledge and network distribution, offering customers products and solutions to improve their financial health and that of their businesses. The agreement, which is subject to the approval of regulatory authorities, is expected to generate a net profit of c. €300 million and c. 7 basis points on BBVA Group fully-loaded CET1 capital ratio, according to the initial price set at c. €277 million. Additionally, Allianz could pay up to €100 million more, depending on a series of goals.]]>
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                    <title>Take steps to stay home</title>
                    <link>https://www.bbva.com/en/take-steps-to-stay-home/</link>
                    <pubDate>Thu, 19 Mar 2020 21:19:11 +0000</pubDate>
                    <dc:creator>
                        <![CDATA[Lori Moore]]>
                    </dc:creator>
                                                                        <category>
                                <![CDATA[Coronavirus]]>
                            </category>
                                                    <category>
                                <![CDATA[Current news]]>
                            </category>
                                                    <category>
                                <![CDATA[Significant events]]>
                            </category>
                                                                <guid isPermaLink="false">https://www.bbva.com/?p=740760</guid>
                                            <description>
                            <![CDATA[As millions of Americans face the prospect of being quarantined -- either self-imposed or medically necessary -- all of us are looking for creative ways to accomplish our daily chores and activities.]]>
                        </description>
                        <content:encoded>
                            <![CDATA[As millions of Americans face the prospect of being quarantined -- either self-imposed or medically necessary -- all of us are looking for creative ways to accomplish our daily chores and activities.]]>
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