17 Mar 2021
BBVA’s CFO, Jaime Sáenz de Tejada, shared his optimism with international investors regarding the medium-term growth prospects for lending in Spain and Mexico. In Spain, he noted the impact of the EU recovery fund – Next Generation EU- which will expedite the transformation of the production model. The financial sector will be able to amplify its impact through by offering greater financing. As for Mexico, he underscored the positive effect of the new tax stimulus package in the U.S., which will boost remittances and manufacturing activity, along with the new free trade agreement between the United States, Mexico and Canada.
20 Jan 2021
BBVA has signed the sale of a portfolio consisting of loans and real estate assets from Unnim for a gross total of approximately €700 million. The goal of the transaction is to reduce the exposure to non-productive assets.
22 Dec 2020
BBVA, as sole sustainability coordinator, advised Publiacqua, one of the major water management companies in Italy, on how to link its core bank financing to environmental targets. The transaction consisted of converting an existing loan of EUR 140Mn into a sustainability-linked loan with two pure water management KPIs. With this financing, Publiacqua becomes the first water utility company in Italy to have sustainability features in their financing instruments.
24 Jun 2020
23 Jun 2020
Olga Gouveia, lead economist for Financial Systems at BBVA Research, wrote an op ed piece for the Spanish daily paper, Expansión, where she gave a positive appraisal of the European Central Bank liquidity auctions. The ECB auctions aim to increase lending in order to address the impacts of the COVID-19 crisis.
20 Dec 2019
This week, BBVA sold two of its largest portfolios of written-off loans. Following the sale of “Project Juno”, the bank signed the transfer of a portfolio comprised of loans to small and medium sized enterprises (SMEs) with an approximate gross value of €2.1 billion.
18 Dec 2019
BBVA has signed the sale of a written-off loan portfolio (mostly consumer loans) worth a gross total of €2.5 billion. The transaction is BBVA’s biggest ever of this kind to date.
15 Jul 2019
We interview Anne Phan,
17 May 2019
Credit cards are a useful financial tool that can be utilized in various situations.
However, not everybody carries a credit card. Some people may want to simply use a debit card, or some may not have a good enough score required to obtain a credit card. This could prove difficult in certain situations – especially when trying to rent a car.
30 Apr 2019
We interview Jon Groch,
04 Mar 2019
We interview Jon Groch, BBVA Compass Payments Director
04 Feb 2019
19 Dec 2018
Like many Americans, you may find your mailbox stuffed with envelopes from banks, credit card providers and other lenders who want to make you an offer. (That includes your email, too.) Those offers may range from a pre-approved offer, to an invitation to apply, to a 4-page application.
15 Nov 2018
Upturn, a new venture incubated by BBVA and aimed at changing the financial health of up to 22 million U.S. residents a year, has today been launched in the U.S.
14 Sep 2018
Your credit score. Just three little numbers that can impact your credit card interest rate, how much you can borrow, and sometimes even whether you’re qualified to borrow money or not.
05 Apr 2018
22 Jan 2018
Alternative finance keeps gaining traction in Europe and Spain is no exception. By volume of activity —and excluding the UK— Spain ranks fifth in the European Union for the fourth consecutive year in this segment, behind France, Germany, the Netherlands and Finland. In 2016, Spain’s alternative finance sector grew by 162%, to €131 million.
11 Jan 2018
28 Dec 2017
Sustainable Development is essential to achieving more peaceful and just societies and the United Nations counts on the private sector to help in this effort. The BBVA Microfinance Foundation (BBVAMF) has contributed its experience in the finance sector to the report entitled “Business and SDG 16: contributing to peaceful, just and inclusive societies,” drawn up by the Sustainable Development Goals Fund and the University of Pennsylvania.
07 Nov 2017
It might seem like simple advice, but it’s advice people should follow if they’re dedicated to rebuilding their credit score, according to a BBVA Compass expert with over 20 years of experience under his belt:
13 Oct 2017
The European Central Bank has launched a public consultation on an addendum to its guidance to European banks on non-performing loans (NPL). The addendum specifies that as of January 1, 2018 banks must completely provision for the unsecured portion of all new NPLs after two years at the latest and for the secured portion after seven years at the latest.
21 Sep 2017
12 Jul 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.
19 Apr 2017
The European Commission is currently seeking to answer this and many other questions that citizens have posed about retail financial services. In 2015, the Commission launched a public consultation that is set out in a document containing requests from citizens, presented by the European Parliament at the close of 2016. The next step was the publication of the Consumer Financial Services Action Plan: Better Products, More Choice, with specific proposals for eliminating the barriers to retail banking in Europe.
31 Mar 2017
07 Dec 2016
One of the keys to success for an API platform is that it needs to be an independent business, set up to encourage financial innovation, according to Shamir Karkal, BBVA’s Head of Open APIs.
01 Dec 2016
BBVA Paraguay is part of a sound, consolidated group, with the track record, tools and processes that makes it a solid and respected bank across the country. Given the current challenge posed by the digital transformation, the bank is using its experience to reinvent itself and adapt to the local ecosystem, updating the products and services it offers in an agile manner.
19 Oct 2016
The core activity of a bank is financial intermediation. This function entails using resources from customers (liabilities) to offer financing to the same or other bank customers (assets). Therefore, it is essential to be able to understand a bank’s balance sheet and each line linked directly to customers.
22 Sep 2016
In March this year, the European Central Bank announced the second TLTRO program (targeted long-term refinancing operations). These long-term financing operations aim to stimulate lending in the euro zone. The program is comprised of four auctions and the results of the second one were published today. The amount of additional liquidity asked has been 34bn euros.