07 Dec 2018
Already a leader in housing loans and cards, Garanti Bank became Turkey’s largest private bank in 2018 in all individual product groups by rising to the leading position in individual loans and time deposits. According to the results of the third quarter of the year, Garanti ranked top as the preferred private bank in terms of time deposits after individual loans. The efforts in the retail banking sector have contributed significantly to the successful performance of Garanti Bank in the third quarter.
19 Nov 2018
Garanti Bank customers now have two more products at their disposal, ‘Motorcycle Loans’ and ‘OSS Insurance’ (one stop shop). These new solutions give customers quick and easy access to credit and insurance options at the point of sale, with minimal paperwork. The bank’s goal is to make life easier for its customers through innovative products and services.
26 Oct 2018
Money20/20 USA, the world’s largest fintech and payments event, took place earlier this week in Las Vegas. The annual event, now in its sixth year, touts itself as the place where the payments, fintech and financial services create and explore the ways consumers and businesses manage, spend and borrow money.
23 Oct 2018
BBVA Wealth Solutions, Inc. (BWS) today announced the launch of its newest digital investment services product, SmartPath Digital Portfolios, a new digital advice solution designed to help investors achieve their financial goals. SmartPath Digital Portfolios—powered by BNY Mellon’s Pershing—delivers an engaging user interface, along with a selection of managed account options, to provide an optimal advisory investment experience and help investment advisors achieve increased efficiencies and scale.
01 Oct 2018
Customer journeys in banking are a bit like a romance, from the initial meeting when you’re trying to figure out if the bank and its products and channels are right for you, to the building of the relationship where of you learn more about each other, and finally to the engagement and marriage of what will hopefully be a happy, productive and successful long-term relationship.
28 Aug 2018
There are virtually no BBVA Compass branches in the Los Angeles area. When Stephen Flynn accepted his position as the bank’s Los Angeles Market President in December, the client list was significantly smaller than it is today.
13 Aug 2018
BBVA’s efforts to foster product sales through its digital channels have been well received by customers. Customer adoption of digital channels -and sales across these channels- have seen increasing growth month after month.
31 Jul 2018
Each year around August a new round of freshman begin to descend on colleges across the country, armed with everything needed for their first shot at independence. Of all the tools in their arsenal, a checking account might be one of the most important.
04 Jul 2018
Garanti Bank’s modernization drive has now put the fruits of the burgeoning digital world at the fingertips of customers at 500 of its branches just a year after its revolutionary service model was introduced. The transformation effort of its entire branch network, which is on track for completion by year’s end, aims to allow one-stop, fast and easy access to a wide array of services.
03 May 2018
Imagine a Spanish SME asking for a loan in Germany; an Italian easily transferring money to Portugal or a French person taking on a mortgage in the Netherlands. All of this forms part of the fledgling European capital markets and banking union. What remains to be done? BBVA is one of the few European banks to address these issues at the joint conference of the European Commission and the European Central bank held today in Frankfurt.
13 Apr 2018
Our mobile phones have become an extension of ourselves. Even more so when looking at markets like Spain where there is significant smartphone market penetration. That’s why BBVA has committed its firm support to creating a unique experience for its customers using mobile devices. The data validates the positive progress made by the business in this digital channel. The bank’s app in Spain has just surpassed 5 million downloads by individual Android users, and at the close of March, the number of mobile customers exceeds 3.4 million.
26 Feb 2018
At BBVA Compass, helping customers adapt to an increasingly digital reality is an effort being undertaken by all customer facing units of the bank, including telephone agents.
Historically a role that provided traditional customer service support, the agents are now doubling up to combine service support with digital sales & self serve (DIY) education. According to BBVA Compass Director of the Contact Center Deborah Catley, the agents’ ultimate goal is to contribute to digital transformation in two parts: reinforcing the learning the customer receives from their in-branch bankers and guiding and answering questions related to applying for new products through digital channels.
21 Feb 2018
Since it was launched in 2016, the FCA’s regulatory sandbox has supported 60 firms to test their innovation with real customers in the live market under controlled conditions. Now, it is assessing different options to scale up the model at global level to solve the challenges of operating internationally in the fintech market.
20 Feb 2018
Alfonso Gómez joined the BBVA Group in 1994 and was appointed to head the Swiss branch in 2014. Born in Segovia, Spain, he has had an extensive career, holding positions on several continents. Since his arrival at Switzerland, he has been working to develop the best customer experience, based on a high-value offering and next-generation digital tools.
26 Jan 2018
Garanti Bank has won an award recognizing its commitment to the principles of corporate governance and its compliance with the directives of Turkey´s Capital Markets Board (CMB).
24 Jan 2018
Around seven years ago, in the wake of recently enacted regulatory changes, the availability of free checking accounts started a slow descent into oblivion as banks grappled with how to adjust business models.
Fast forward to today, and banks are still grappling with the issue, as evidenced by a recent bank’s announcement that it would be eliminating its free checking account and moving customers into an account charging a $12 monthly fee – unless the customer maintains a direct deposit of $250 or more, or a minimum daily balance of $1,500
03 Jan 2018
22 Dec 2017
More and more, going digital in banking is seen as 21st century cool, while for branch banking, some believe the death knell has sounded. At BBVA Compass however, branches are an increasingly important part of the bank’s digital transformation.
20 Dec 2017
BBVA in Switzerland has just become the first private financial institution in the country to offer its clients the digital signature service, which facilitates the management and signing of documents and provides an improved user experience.
19 Dec 2017
13 Dec 2017
The winners have been announced of the eleventh annual Turkey’s Women Entrepreneurs Competition, organized by the Women Entrepreneurs’ Association of Turkey (KAGIDER), Garanti Bank and Ekonomist Magazine. The first prizewinners in four categories were announced at the award ceremony held on Tuesday, November 28.
27 Nov 2017
BBVA, in collaboration with Wave, conducted the first pilot that uses blockchain to automate the electronic submission of documents in an import-export transaction between Europe and Latin America. Thanks to Wave’s solution, which uses Distributed Ledger Technology (DLT) and blockchain, BBVA was able to reduce the time required to send, verify and authorize an international trade transaction, which normally takes from seven to ten days, to just 2.5 hours.
23 Nov 2017
The Financial Stability Board (FSB) has just published the list of Global Systemically Important Banks (G-SIBs) for 2017. The number of institutions remains the same, but with three significant changes. Systemic banks have a major impact on the economy, but what makes them different from the rest?
22 Nov 2017
Garanti Bank, signed a three-year credit agreement worth $250 million with ICBC (Industrial and Commercial Bank of China Limited) with the coordination of ICBC Turkey Bank A.Ş. The agreement has been the first credit cooperation by Garanti with ICBC. Garanti will be using this amount for the funding of general corporate operations and foreign trade.
16 Nov 2017
BBVA is close to passing another important online target as it continues to build out its digital banking capabilities.
14 Nov 2017
13 Nov 2017
Garanti Bank was selected as the Best Retail Bank in Turkey in 2017 by World Finance Magazine, one of the world’s most prestigious business publications. This marks the third consecutive year that Garanti has won this award, making it the first Turkish bank ever to do so.
06 Nov 2017
‘The Banker’ magazine, of the Financial Times group, has named BBVA Spain as the best private bank in the world for digital communication and BBVA Bancomer as the best private bank in Mexico. Meanwhile, ‘World Finance’ magazine has selected BBVA Continental as the best private bank in Peru.
Madrid hosted last week the Service Design Global Conference (SDGC17), a leading event in the world of service design that pays special attention to how this discipline is changing the world of banking. BBVA took part in one of the sessions to explain how design is, without a doubt, a key element in the success of its financial products and in satisfying customer needs at a time of great challenges for banking.
27 Oct 2017
- Operating income: Recurring revenues continued their upward trend, growing 4.2% between January and September. This, together with cost containment efforts (expenses dropped 1.7% in the year to September), drove operating income to a record €9.52 billion
- Risks: The NPL ratio continued to improve, reaching 4.5% in September (vs. 4.8% in June), the lowest level in the past five years. Coverage increased to 72%
- Capital: The fully-loaded CET1 ratio rose to 11.2% in September, reflecting a capital generation of 30 basis points in the first nine months of the year
- Transformation: The digital customer base grew 24% y-o-y to 21.1 million in September. Of these, the number of customers banking with their smartphones surged 43% to 15.8 million
12 Oct 2017
BBVA Compass was recognized as a leader in Financial Fitness from Javelin Strategy & Research in its 2017 Online Banking Scorecard, with independent research firm spotlighting the bank for providing a notable online banking experience that guides customers on a financial journey.
Javelin Strategy & Research’s competitive analysis of the nation’s top 28 financial institutions examines more than 225 online banking features in six critical areas of banking success: ease of use, security empowerment, financial fitness, money movement, customer service, and account opening.
The ‘Leader’ in Financial Fitness recognition was given to just 3 financial institutions out of 28 measured that Javelin found to be proactive and vigilant financial advisers that demonstrate that they:
- Have financial oversight and guidance anchored by the ability for customers to conveniently view balances and transactions for all of their accounts in a single view.
- Give consumers alerts that help them stay on top of their finances.
- Serve up personalized content and insights to help them understand and manage their money better.
- Have online banking services that boast the tools and advice that help customers save for specific goals.
Garanti Bank, always focused on facilitating its customers’ lives with its approach of delivering innovative products and services, has launched a new service model with the aim of offering an all-around excellent banking experience. Within the scope of Garanti’s service model, which represents a new era in the Turkish banking sector, all Garanti branches are evolving into an innovative structure built on digitalization where the customers are able to benefit from all kinds of services in a one-stop banking system in the fastest and easiest manner.
18 Sep 2017
07 Sep 2017
BBVA has today named B2BPay as the winner of its Open Talent Global Fintech for Companies competition. From hundreds of entries into this specific segment, the team of judges selected B2BPay as their champion because of the way their solution enables SME businesses to grow internationally and trade with greater ease.
06 Sep 2017
UK Challenger bank Atom is making its first move overseas by beginning to offer savers in Germany access to its products.
The app-based bank, which is part owned by BBVA, has partnered with Deposit Solutions in order to launch fixed-rate products to customers in the country.
02 Aug 2017
The Financial Times’ The Banker magazine has awarded BBVA Data & Analytics with their Technology Project of the Year award in the category of Risk Management.
31 Jul 2017
Entrepreneurs seeking to launch or expand their enterprise may experience big success for their small business when it’s built with a set of prime financial tools. According to BBVA Compass Director of Small Business Product Solutions Lance Gibson, while needs differ from business to business, there are some financial tools that are essential when it comes to starting or growing a small business.
28 Jul 2017
Consumer debt in the U.S. continues to be pervasive some seven years after 2008’s economic downturn. If you count yourself as one of those still struggling, take heart. With a dose of discipline and self control, you could potentially loosen debt’s vice grip on your life.
17 Jul 2017
The financial crisis has had dire consequences on the banking sector’s landscape. Of the 8,600 entities that operated in Europe in 2008, only 6,500 remained at the beginning of this year. In addition, these banks now have to operate under a regulatory framework that’s much stricter than the one that existed before the crisis, in a market that has also changed. All this is leading European banks to shift their business models. Do they now have a more retail-minded profile than before the crisis? That’s what it looks like.
13 Jul 2017
BBVA has the best mobile banking app in the world, according to Forrester Research’s latest report “2017 Global Mobile Banking Benchmark.” The study, which was published today, analyzed 53 apps from large retail banks in 18 countries, including the U.S., the U.K., France, Brazil, Turkey, China and Australia.
06 Jul 2017
When it comes to BBVA Compass credit card options, one size might not fit all – and that’s a good thing for consumers looking to find just the right card for them.
27 Jun 2017
22 Jun 2017
Since its inception in 2009, the BBVA Compass Mobile Banking app has been nationally recognized for its functionality and user experience, adding a series of awards to its wall of digital achievements and achieving milestones that have raised the mobile banking standard.
21 Jun 2017
BBVA Compass is making it easier and more convenient for customers to manage their BBVA Compass debit and credit cards on the go with the most recent version of BBVA Wallet.
20 Jun 2017
For BBVA Compass, helping clients create opportunities for their brighter futures is more than a slogan; it’s a mission the bank follows in order to help its clients realize their dreams and ambitions.
16 Jun 2017
Analyzing someone’s solvency based on what they do on social networks is already boosting access to credit in emerging economies. In developed countries, it helps financial institutions better determine to whom they lend money.
15 Jun 2017
13 Jun 2017
Funding is one of the biggest challenges that entrepreneurs face when launching their own company. And getting it is not easy. But now, Trust·u, a new SME-oriented financing model, aims to help recently created companies overcome this hurdle by offering loans to startups that are able to convince relatives and friends to support them.
29 May 2017
The European Union has finished the first half of its match to create a common capital market among the 27 EU member states. But there’s still a second half ahead, with obstacles such as how to continue the project without the United Kingdom.