Financial and commercial services
18 Sep 2024
Financial and commercial services
BBVA, the first bank in Spain to support the whole process of setting up a company, without charging anything for the initial advice
BBVA has taken yet another step forward in its commitment to the Spanish business community. For the first time ever, a bank will help, together with Ayuda T Pymes, all those entrepreneurs who are looking to set up their business, accompanying them from start to finish and at no additional cost. What this means is that any entrepreneur can now turn their business idea into a lawfully incorporated company within a matter of days, without having to worry about all the red tape. BBVA is expanding the support it offers its customers, as it supports entrepreneurs even before they become customers of the bank.
05 Sep 2024
The bank expects to bring in investments from 65 companies in its first year. Mexico has more trade per year with Texas than with Asia.
20 Aug 2024
Digital banking
Garanti BBVA Mobile, Türkiye’s most widely used banking app, saw 2.7 billion logins in the first half of 2024
Garanti BBVA continues to make life easier for its customers with Garanti BBVA Mobile: with more than 15.5 million active users, it is the most widely used private-sector banking app in Türkiye. App usage has risen fivefold over the past five years, and in the first half of 2024 topped 2.7 billion logins, making for a monthly average of 450 million visits, while completed transactions increased by 25 percent to almost 800 million.
19 Aug 2024
Financial and commercial services
Garanti BBVA Customer Contact Center ranked best in Europe, Middle East and Asia by Contact Center World
Garanti BBVA won the "Best Contact Center with More than 1,000 Employees" award in Europe, the Middle East, and Asia at the Global Top Ranking Performance Awards. The accolades, organized by Contact Center World, a leading authority in the contact center industry, drew over 2,000 entries from 80 countries. This year marked the 19th edition of the event.
07 Aug 2024
Economy and Finance
BBVA gives a voice to more than 60 SMEs through its ‘Sharing Knowledge’ platform
The ‘Sharing Knowledge’ project is a further show of BBVA’s commitment to small and medium-sized enterprises (SMEs). Through this initiative, the bank supports, teaches, inspires and transforms businesses and their management team by staging talks among industry experts and discussing specific SME success stories.
19 Jul 2024
12 Jul 2024
Throughout its history, BBVA has played a prominent role in the economic and social development of Spain, propeling its progress and constantly adapting the bank in order to be at the forefront of innovation and technology. Since it was first established in the mid-19th Century (1857), BBVA has been known for being a visionary bank, with the ability to anticipate the trends that will change the financial industry and the future needs of its customers. Some of its noteworthy milestones include financing the construction of the Madrid subway system; being the first bank to allow women to do their banking without the permission of a legal guardian through the creation of the Women’s Bank; and being the first bank to introduce credit cards as a payment method. A track record that has established BBVA as a crucial ally to face future challenges and thus encourage economic growth and the transformation of businesses.
20 Jun 2024
Banking
EIB Group and BBVA unlock €800 million to support energy transition and Spanish small and medium-sized enterprises
The EIB Group (European Investment Bank and European Investment Fund) has invested €377 million in the ¨BBVA Consumer 2024-1¨ securitisation fund. This investment will enable BBVA to channel nearly €800 million into the real economy to finance energy efficiency projects and new mortgages for highly energy-efficient homes. The operation also includes financing for projects to boost the competitiveness of small and medium-sized enterprises (SMEs) and mid-caps in Spain.
05 Jun 2024
Koray Öztopçu
Garanti BBVA Consumer Finance director
22 Apr 2024
Bonus, Garanti BBVA’s most popular credit card, is now celebrating its 24th anniversary. Bonus also happens to be a credit card platform, having amassed some 18 million users and eight partner banks.
15 Apr 2024
Financial and commercial services
Carlos Torres Vila opens the BBVA Global Wealth Advisors office in Miami
Last Friday, the Chair of BBVA formally opened the new Miami office of BBVA Global Wealth Advisors (GWA), BBVA’s U.S. registered investment advisory unit. Carlos Torres Vila met with the team at this new office, comprised of over 30 professionals.
04 Apr 2024
The contingent convertible capital instruments (CoCos) also known as Additional Tier 1 bonds are hybrid bonds that combines debt and equity elements. Its defining characteristic is that it may be converted into shares if the CET1 capital ratio drops below a specific level.
27 Mar 2024
Advisory
BBVA Global Wealth Advisors collaborates with BNY Mellon’s Pershing to provide brokerage services to its clients
BBVA Global Wealth Advisors, Inc. (BBVA GWA), the U.S. subsidiary and registered investment advisor (RIA) of Madrid-based BBVA, has selected BNY Mellon's Pershing as its clearing and custody provider. BBVA GWA’s advisory clients will access broker-dealer services from Pershing Advisor Solutions (PAS), a wholly-owned subsidiary of BNY Mellon. PAS is an SEC-registered broker-dealer, member of the Financial Industry Regulatory Authority, Inc. (FINRA), and the Securities Investor Protection Corporation (SIPC).
15 Feb 2024
The Turkish central bank recently granted Garanti BBVA an operating license for its new subsidiary, Garanti Payment and Electronic Money Service, Inc., effective February 15, 2024. The innovative new company will begin offering a selected group of customers a beta version of its digital payment solutions under the TAMİ brand in March.
21 Nov 2023
Awards
BBVA, Best Private Bank in Peru and Best Private Bank for Customer Service in Latin America, according to The Banker
BBVA has earned The Banker 2023 awards for Best Private Bank in Peru and Best Private Bank for Customer Service in Latin America, while also earning the ‘Highly Commended’ special mention in the Best Private Banking in Latin America and Mexico categories. The magazine held a very positive view of the customer relationship model of BBVA’s private banking business, which is especially important amid the current market uncertainty.
07 Nov 2023
BBVA's CEO Onur Genç said that "In the future, we expect economic growth in our main markets, despite the context.” He also stressed that BBVA’s digital strategy has proven successful. One example is the bank's model in Italy. "In one or two years we will consider expanding this model to one or two new markets," he said Tuesday, during his participation at the 30th Financial Sector Meeting, hosted by Spanish daily ABC and Deloitte.
27 Jul 2023
Garanti BBVA
Garanti BBVA partners with Renault and Dacia to launch end-to-end digital auto loans for companies, SMEs and the self-employed
BBVA’s Turkish unit has taken a step forward in its strategy to boost automotive sales over digital channels with the launch of a new digital loan for Renault and Dacia brand vehicle purchases. Now on offer to businesses and the self-employed via Garanti BBVA’s website and the smartphone app, the bank’s new financial product provides an end-to-end digital experience.
12 Jul 2023
Current news
BBVA collaborates in the first international instant payment pilot, led by Iberpay and Swift
Iberpay, Swift, BBVA and several international banks have successfully completed the first pilot to process, in a real environment, instant payments between different currency areas. Their ultimate goal is to improve these international payments involving currency exchange in terms of speed, transparency, cost, availability and accessibility.
04 Jul 2023
Financial and commercial services
Openpay reaches an annual volume of 360 million transactions processed in Latin America
Openpay, the BBVA Group's digital payments company, is positioning itself in the acquiring business in Latin America, with its annual volume of transactions processed in the region to reach 360 million by the end of March 2023. This exponential growth is the result of technological innovation in payment processes and the synergy it has established with the global financial institution, which has made it one of the main digital payment processing companies.
10 May 2023
BBVA has been honored as the Best Bank in Argentina in the 'The World's Best Banks 2023 - Latin America' awards presented by the financial magazine Global Finance.
13 Mar 2023
Financial and commercial services
Swift Go completes low-value cross-border payments in less than three minutes
In 2021, seven banks, with BBVA as the only Spanish bank, participated in the launch of Swift Go. There are currently over 600 banks in 120 countries that offer this solution for low-value payments, streamlining the collection of payment for services to cross-border clients for SMEs, and making it easier for individuals to buy online in other countries. 85 percent of the payments made on this service are completed in three minutes or less.
01 Feb 2023
Türkiye Garanti Bankası A.Ş., Garanti BBVA, announced its financial results for the year ending on December 31, 2022. The bank’s net income stood at TL 58.51 billion, while asset size was TL 1.3 trillion.
17 Jan 2023
APPs
Garanti BBVA customers can now view account activity from other banks on the Garanti BBVA mobile app
Garanti BBVA customers are now able to use the Garanti BBVA mobile app and Internet Banking to access information from their accounts at other banks. The regulation of open banking has made this a possibility. Customers can view their account activity and balances without having to log into each bank separately, and can even transfer money between accounts.
09 Jan 2023
Customer experience
BBVA is taking its cash flow management services to Central America with BAC Credomatic
BBVA has reached an agreement with BAC Credomatic that will benefit clients of both banks, thanks to wider geographical coverage for their cash management operations. Companies using BBVA Pivot will be able to make payments and transfers with their subsidiaries, customers and suppliers in six new Central American countries from the same cash management solution, which will now integrate BAC accounts as if they were BBVA's. Just one year after its launch, Pivot already has 1,500 clients and expects to reach a transaction volume of 680 billion euros by the end of 2022.
30 Nov 2022
Banking
BBVA agrees to join the Code of Good Practice to support customers with difficulties making their mortgage payments in Spain
The BBVA Board of Directors approved Wednesday the bank adhering to the measures included in the new Code of Good Practice (CBP in Spanish) to help customers at risk of vulnerability with mortgages, as well as the expansion of the Code of Good Practice, which has been in force since 2012.
26 Jul 2022
BME, through Iberclear, BBVA and the Interamerican Development Bank (IDB), have completed the first bond issuance in Spain listed in a regulated market and registered using blockchain technology developed by ioBuilders. This platform could serve as a basis for future issuances in Spain and in Latin America and the Caribbean.
21 Jul 2022
Financial and commercial services
Mass Receivables Finance: a solution for discounting retail portfolios
Mass Receivables Finance allows BBVA clients to get advances on their accounts receivable portfolios. This solution is aimed at clients with highly pulverized portfolios, where the amount concentration per debtor is very small and the historical behavior is stable and predictable.
18 Jul 2022
Economy
The EIB Group and BBVA agree to mobilize €1.194 billion to boost climate action and the economic recovery of SMEs in Spain
The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has signed a new asset-backed securities (ABS) purchase agreement with BBVA. The deal encompasses several transactions through a single securitization, with a structure designed to achieve optimal efficiency. In addition, the EIB Group signed an agreement with BBVA for a €54 million synthetic securitization under the European Guarantee Fund (EGF) program.
08 Jul 2022
Bank cards
BBVA revolutionizes payment in installments in Spain with the Aqua Más card, which offers three months interest-free financing
BBVA has launched a new card in Spain as part of its Aqua range - characterized by offering a dynamic CVV for each purchase and no printed number - that combines maximum security with the possibility of paying in installments for up to three months, with no interest or deferral fees. As a result, BBVA is breaking into the new ‘Buy Now, Pay Later’ (BNPL) payment method with a product that helps its customers to make their payments in a convenient and flexible way.
19 May 2022
BBVA’s Turkish unit consolidates its lead in innovative digital payment solutions by adding a new dimension to card transactions with digital receipts, a first in the Turkish banking sector.