21 Sep 2023
This Wednesday, BBVA CEO Onur Genç emphasized the bank’s excellent performance in the first half of the year, and the sustainability of these metrics over time. He specifically pointed to improvement in profitability indicators, with an ROTE of 16.9 percent at the end of June 2023. “We have been delivering better than the competition - not only at the Group level, but at the country level,” he said during a conference for investors organized by Bank of America in London.
21 Apr 2023
BBVA has successfully completed the share buyback program announced on March 20, 2023, for a total of €422 million. This program is part of the distributions to shareholders for the year 2022. In total, BBVA devoted €3.02 billion to its shareholders, including a cash dividend of €0.43 (gross) per share and this share buyback plan.
05 Apr 2023
17 Mar 2023
On Monday, March 20th, BBVA will start to execute its €422 million share buyback program after receiving the authorization of the European Central Bank.
09 Feb 2023
BBVA will propose the election of Sonia Dulá to its Board of Directors. Dulá has a deep knowledge of the banking business and extensive experience in key markets for the bank, such as Mexico, South America and Spain. Her appointment will increase to 73 percent the number of independent directors, maintaining a 40 percent of women while reinforcing the international profile of the Board.
29 Sep 2022
22 Jul 2022
World Finance, one of the world's leading business and finance magazines, named Garanti BBVA ‘Türkiye's Best Retail Bank’ for the eighth consecutive time. The Turkish franchise was also singled out as ‘Europe's Best Retail Bank’ for the fifth time.
18 Mar 2022
Carlos Torres Vila, Chair
- Ukraine: ”The Russian invasion of Ukraine represents an enormous human tragedy.” “There is no doubt that the war will increase inflation and will negatively impact growth”
- Strength: BBVA has great capacity to continue growing and to take advantage of the opportunities provided by the two major trends that are defining the future: innovation and sustainability
- Shareholders distributions: The total amount could reach up to €5.5 billion, taking into account the highest cash dividend per share of the past ten years, €0.31 per share, and the €3.5 billion share buyback program underway.
Onur Genç, CEO
- Results: We have posted “the highest recurring profit of the past 10 years.” The Group’s excellent earnings “are the result of a superb performance in all of our countries.”
- Goals: “We have set some very ambitious goals that show our commitment to profitable growth and value creation for shareholders”
- Team: “None of this would be possible without the best team. Everything we have achieved and our future successes are and will be thanks to the people that make up BBVA”
On Friday, BBVA is holding its Annual General Meeting at Bilbao’s Euskalduna Conference Center. Before going over the figures from 2021, Chair Carlos Torres Vila spoke of the invasion of Ukraine, which above all, represents an “enormous human tragedy.” In that regard, he said that beyond its immediate impact, this war “will have structural consequences on the global economy,” conditioning international relationships in all areas. “We are facing a new world order,” he added.
16 Mar 2022
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.
18 Nov 2021
BBVA is holding its Investor Day this Thursday, when it will present its plan for the 2021-2024 period. It will focus on turning significant social and environmental challenges - like the technological disruption or decarbonization of the economy - into opportunities for profitable growth while having a positive impact on society. BBVA has released an ambitious set of objectives in terms of efficiency, profitability and tangible book value plus dividends, which it aims to reach in 2024. It also set a customer acquisition objective and reaffirmed its commitment to channel €200 billion of sustainable finance through 2025. Additionally, BBVA has increased its payout to 40-50 percent of its annual consolidated ordinary profit.
15 Nov 2021
BBVA’s Board of Directors has agreed to launch a voluntary takeover bid for the 50.15 percent stake it does not own in Garanti BBVA, with a price of 12.20 Turkish lira per share. The bid will be carried out after BBVA receives all the necessary regulatory approvals. The transaction is positive for BBVA shareholders since it will propel the Group’s growth in one of its main markets, generating a high return on the investment, with a very limited impact on capital. The price offered represents a premium of 34 percent over the volume weighted average price of the past six months, which makes it very attractive for Garanti BBVA shareholders as well.
30 Sep 2021
Following the European Central Bank (ECB) decision to lift its recommendation limiting shareholders’ distributions, BBVA’s Board of Directors has resolved the payment of a cash interim dividend of €0.08 (gross) per share on account of the 2021 dividend, to be paid on 12 October 2021. The net dividend per share would stand at €0.0648. The bank will make this payment to its shareholders on October 12, 2021.
21 Sep 2021
BBVA CEO Onur Genç said Tuesday at an annual conference organized by Bank of America that he envisions “a larger BBVA” in three to five years, “without compromising profitability and capital discipline,” with a broader customer base. The bank will give more details about the future strategy at its next Investor Day, to be held November 18.
02 Aug 2021
During the results presentation for the first half of 2021 BBVA CEO Onur Genç stated that: "We have begun to take the necessary steps for our up to 10 percent share buyback." The bank plans to “start the programs in the fourth quarter,” subject to market conditions and regulatory approvals.
19 Apr 2021
The Shareholders' General Meeting (also known as the Annual General Meeting or AGM) is one of a company’s primary corporate governance vehicles. During the Meeting, the company’s owners (the shareholders) ratify decisions on topics determined by law and by the corporate bylaws. The AGM includes particular features that are established by corporate law.
23 Mar 2021
BBVA CEO Onur Genç said today that the sale of the U.S. subsidiary is a historic milestone for the bank, and that value creation will continue to be the guiding force in all decisions related to the use of the excess capital from that transaction. “We have a lot of ammunition, a lot of capital” to create value for shareholders, he added. Regarding Turkey, he said that: “We are prepared to manage the risks in emerging markets.”
22 Mar 2021
BBVA has named Patricia Bueno as new Head of Investor & Shareholder relations, within the area of Finance.
15 Mar 2021
BBVA has called its Annual General Meeting (AGM) to be held virtual-only on April 20th, 2021. With the goal of being able to implement a significant potential share buyback, it will be submitted for approval of the AGM the possibility of reducing the bank’s share capital up to 10 percent - the equivalent of approximately 667 million shares. Additionally, BBVA proposes the re-election of seven board members, whose term ends in 2021. It would thus maintain unchanged the composition of the Group’s highest governing body, which currently has two thirds of independent members and an appropriate balance and diversity in several areas: experience, knowledge and expertise, gender and international representation.
21 Dec 2020
In an interview posted on BBVA’s corporate website, Carlos Torres Vila takes stock of 2020 and offers his vision for next year. The Chairman assures that, despite its complexity, "it has been a year of relevant strategic achievements” and “we face 2021 with an unparalleled position of strength to invest in growth and to increase shareholder distributions." In this sense, and after the recent sale of the franchise in the U.S. and the ECB decision on dividend payments, BBVA considers “a sizeable share buyback¹ as a very interesting option.”
Carlos Torres Vila sat down for an interview during which he went over the key milestones achieved and lessons learned in 2020, and shared his insights into BBVA’s plans for the new year, in a context of health and economic uncertainty. “We face 2021 with an unparalleled position of strength to invest in growth and to increase shareholder distributions,” he said.
18 Dec 2020
The repurchase of shares is one of the ways that companies have to pay shareholders. It consists of buying a package of its own shares, normally on the open market, and amortizing them (eliminating them) with the aim of raising the price of the remaining ones.
18 Nov 2020
The sale of the U.S. subsidiary is “an extraordinary agreement” for everyone, as it “creates enormous value for shareholders and gives us a wide range of strategic options,” BBVA CEO Onur Genç said during his presentation this Wednesday at the 27th Financial Sector Meeting organized by Deloitte, Spanish daily ABC and Sociedad de Tasación. In this regard, he noted that “we will only participate in operations that create value for shareholders.” “We aren’t in a rush,” he added.
06 Apr 2020
Thanks to initiatives by BBVA employees, the bank has donated 175 external cell phone batteries to the new IFEMA hospital and 210 blankets to the Alcalá de Henares hospital, both in Madrid.
13 Mar 2020
BBVA shareholders have backed the Group’s corporate management in 2019 with 99.4 percent of the votes at the Annual General Meeting, held on Friday in Bilbao. Quorum has been the highest in the bank’s history: 66.83 percent.
BBVA shareholders meet today in Bilbao (northern Spain), where the bank will hold its Annual General Meeting. Starting at noon, Group executive chairman Carlos Torres Vila and CEO Onur Genç will present the bank’s shareholders with the most significant 2019 accomplishments and the outlook for 2020.
11 Mar 2020
In light of the situation resulting from the coronavirus, BBVA recommends not attending the Annual General Meeting in person whenever possible. The AGM is to be held on March 13th, 2020, at the Euskalduna Conference Center in Bilbao. Additionally, in order to allow shareholders to exercise the remote vote, BBVA has extended the deadline to do so until Thursday, March 12, 2020, at 08:00 pm.
10 Mar 2020
BBVA’s 2020 Annual General Shareholders’ Meeting (AGM) is scheduled to be held next March 13, 2020, on first call, at the Euskalduna Conference Center in Bilbao. BBVA wishes and promotes the participation of its shareholders in such an important event for the company. For that reason, the bank has made available to its shareholders the appropriate channels to enable the exercise of their rights remotely, which are described in the Annual General Meeting section on the corporate website.
16 Dec 2019
The Extel Survey, recognized as the foremost independent evaluation of the European investment industry, revealed its 2019 results with Garanti BBVA named as Turkey's ‘Best in Investor Relations.’
02 Oct 2019
BBVA’s Board of Directors resolved today to approve the payment of an interim dividend for 2019, for a gross amount of €0.10 per share, to be paid on October 15.
09 May 2019
Within the context of a complex environment, BBVA leads the digital transformation of banking and is evolving its business model in order to create value for its various stakeholders. This is how Jaime Sáenz de Tejada, Global Head of Finance at BBVA, summarized the bank's position at the 26th Financial Sector Summit (XXVI Encuentro del Sector Financiero), organized by Deloitte in Madrid. "Our business model is creating more value for customers and shareholders," he said.