Movistar Money will offer consumer loans to Telefónica customers in Colombia, both individuals and companies. The deal could expand to other countries in South America where both companies have a presence.  The company plans to begin operations in the second quarter of 2021 following a successful commercial pilot carried out by BBVA and Telefónica several months ago.

The BBVA Garanti securities unit has received the Turkish Markets Capital Association’s Social Value award for its ground-breaking digital initiative, ‘A Different Race’ delivered together with the foundation for children with autism, Tohum Otizm Vakfı.

Green is more than a color. In our collective imagination it symbolizes nature and is associated with caring for the environment. We need a green future so the world will continue to be the place we know today and not the foreboding future as depicted by gloomy predictions. BBVA is aware of this and for years has been committed to green and social financing. In fact, it is one of the banks most recognized for its activity in sustainable financing.

It’s a wrap for the third edition of BBVA Momentum with Gifts for Good taking home the first place $100,000 prize for their work in corporate gifting with a social impact.

BBVA has named the winner of its newly created Open Talent Award for Sustainability as Australian last mile start-up AgUnity.

BBVA Continental signed a bilateral green loan with the company Ferreycorp. It is a three year loan in the amount of $70 million – the first corporate loan of its kind in Peru and in South America.

Social entrepreneur Michelle Corson of Dallas, Texas took home the $75,000 first prize for On the Road Lending, a company which finances fuel-efficient and reliable cars, under warranty, for lower-skilled workers with weak credit at the wrap of BBVA Compass second annual social entrepreneur program BBVA Momentum.

BBVA has closed a new deal in Italy with the gas utility SNAM, thus reaffirming its position as a leading structuring bank of sustainable solutions in the European loan market. The transaction is a €3.2 billion revolving credit facility (RCF), the third sustainable loan in Italy led by BBVA as sustainability coordinator.

BBVA has reaffirmed its leadership in sustainable financing with the execution and structuring of the first revolving credit facility (RCF) for the power utility A2A in Italy. The bank acted as an advisor, sustainable coordinator and documentation agent, heading a finance deal valued at €400 million euros.

AVANGRID has entered into a $2.5 billion syndicated sustainability-linked credit facility, the biggest green loan in the U.S. to date. In doing so, Iberdrola’s U.S. subsidiary follows its parent company’s lead and demonstrates its commitment to combating climate change. BBVA has acted as sustainable agent and ‘joint lead arranger’ for the deal.

BBVA has reaffirmed its leading position in sustainable finance by closing the first green loan deal with a company in the Spanish distribution sector, the Valencian cooperative Consum. The €5-million operation proves that this type of financing is not limited to major multinationals present in the capital market. Smaller enterprises also have access to it.

Drawing on its skills, knowledge and experience as one of the most active banks in the sustainable finance sector, BBVA has been selected by Hera to help in the structuring and execution of the first RFC (revolving credit facility) loan in Italy. This is the first sustainable operation of these characteristics in the country. BBVA has acted as the sustainable agent, leading the operation valued at €200 million.

BBVA has signed a financing contract with Forestalia, Mirova, GE and ENGIE to develop the first 300 megawatts (MW) of wind power free of subsidies and incentives in Spain. The 9 wind farm complex, dubbed the Goya Project, will be built in the province of Zaragoza. The 300 MW were awarded in the first renewable energy auction in Spain, held in January 2016, in which Forestalia was the largest bidder. This is also the first green loan to be granted in Spain under the “Green Loan Principles” in which BBVA has coordinated the issue, with Altermia providing Second Party Opinion.

BBVA has signed a $400-million-dollar green loan with Iberdrola, the first green corporate loan to be formalized in Latin America. This reasserts BBVA’s commitment to sustainable financing by supporting the development and implementation of financial products in the green format.

BBVA Compass is expanding its BBVA Momentum accelerator program this year and inviting social entrepreneurs from across its seven-state Sunbelt footprint to apply. The bank will select up to 35 entrepreneurs to participate in the intensive five-month training program for entrepreneurs who want to change the world through their work.

BBVA has marked a new milestone in the sustainable finance business with the closing of the first global transaction in the insurance sector. MAPFRE has transformed its syndicated credit facility for 1 billion euros into sustainable finance with the cooperation of BBVA, which acted as Sustainable Agent in the transaction.

Green loans have arrived in force on the world’s financial markets. The volume of these sustainable products, which up to now had appeared sporadically, has shown a marked increase since last year. BBVA ended 2017 as the most active company in green loans worldwide, with a total of 11 transactions in Europe and Latin America for clients in a range of sectors, and was the undisputed number one in Spain.

Iberdrola has signed two new sustainable syndicated loans for a total of 5.3 billion euros, the largest ever signed globally. BBVA has led these transactions by acting as a sustainable agent.

Putting up a new calendar and starting a new year means taking stock of past achievements and setting new goals. In the area of Responsible Banking, BBVA is ready to take on new challenges, in order to continue making strides in responsible financing, digital transformation, human rights and other important areas.

BBVA has acted as a Green Agent for a green credit in the amount of 800 million euros for Red Eléctrica España S.A. (“REE”). This is the first syndicated green revolving credit facility in Spain, and also the first of its kind in the electric utilities sector.

Chad Houser of Dallas-based Café Momentum, a restaurant training platform for juvenile offenders, won the top prize of $50,000 last week as the BBVA Momentum program for social entrepreneurs closed out its inaugural season in the U.S.

If the No. 1 fear in the U.S. is public speaking — and it actually is, according to a number of surveys, even above the fear of death itself — then the seminar for BBVA Momentum participants this fall at the University of Texas at Austin was a security blanket.

The growing demand for financial products that support sustainable economic, social and environmental development has created a need for tools such as green loans, which allow companies to finance initiatives that have a clear environmental impact.

The social entrepreneurs selected for the inaugural U.S. class of the BBVA Momentum mentorship program dove into the details of business-building in their second session with top-flight educators at the University of Texas at Austin.

In today’s society, there is an increasing demand for sustainable growth and development. To respond to that demand, there are financial instruments such as social bonds, whose resources are by definition destined for projects that improve the social environment. This market has already reached 25.5 billion euros.

Antoni Ballabriga, Global Head of Responsible Business at BBVA, took part this Tuesday in a regional roundtable on the progress of sustainable financing, in an event organized in Switzerland by the UNEP Finance Initiative (UNEP FI) in association with the Swiss Sustainable Finance platform (SSF).

In a context in which companies are increasingly aware of the importance of sustainability, green bonds have established themselves as a financing alternative. In 2016, more than $87 billion in green bonds were issued worldwide, more than double the $42 billion in 2015. According to estimates by Bloomberg New Energy Finance, in 2017 the volume of green bonds issued globally could reach $123 billion.

The transition to a more sustainable economic and financial system is key to boost the union of capital markets in Europe and ensure competitiveness, job creation and stable economic growth maintained Antoni Ballabriga at the European Banking Summit 2017 organized today in Brussels by the European Banking Federation (EBF).

BBVA Executive Chairman Francisco González has reinforced the Group’s commitment to the U.S. after the most recent natural disasters. “We’re going to redouble our commitment to those affected through a number of actions,” he explained. In Houston, where he met with the city’s mayor, Sylvester Turner, he gave a message of solidarity on behalf of the entire BBVA Group. Francisco González also announced that he is going to visit Mexico City in the coming days to see first-hand the damages caused by the Sept. 19 earthquake.

Doing business is no longer enough. One of the trends in business is also having a positive impact on society. The key is how to make it profitable.