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Economics

04 Jun 2018

16 May 2018

Of the tax revenue paid by Europeans, only one euro per taxpayer is used to finance the EU’s budget. In total, the EU manages a budget of about 1% of the gross national income of its member states. Nonetheless, how this money is invested directly impacts Europeans’ lives; it is therefore of interest to understand the EU budget as of 2021, the first spending plan after the UK’s exit from the EU.

20 Apr 2018

The Eurosystem is the monetary authority of the euro area. It comprises the European Central Bank (ECB) and the national central banks of the Member States whose currency is the euro. Its primary objective is the maintenance of price stability, and specifically, keeping inflation in the euro area (calculated based on internal stats of the ECB) “close to but under 2 per cent.”

18 Apr 2018

25 Jan 2018

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BBVA Group Executive Chairman Francisco González said that this year “50% of our customer base will be accessing us through digital channels.” Speaking at the World Economic Forum in Davos, Switzerland, Francisco González also gave his views on the current economic and political situation, the finance industry and the digital transformation of the BBVA Group.

12 Jan 2018

In late 2017, the European Commission established a roadmap for deepening the European Economic and Monetary Union (EMU). The plan represented yet another step towards the economic integration of the EU, during a political year marked by the elections in the Netherlands, France and Germany and the Brexit negotiations with the United Kingdom. One of the most far-reaching proposals is transformation of the current European Stability Mechanism (ESM) into a European Monetary Fund (EMF). The year 2018 opens with the challenge of implementing this proposal.

13 Dec 2017

The outlook for Argentina’s economy in 2018 remains optimistic, with GDP expected to expand by nearly 3% for the second consecutive year. However, achieving sustained growth and attracting international investment will depend, not just on stable macro indicators, but on long-lasting structural reforms. While the initial signs of economic recovery became apparent in the second half of 2016, it wasn’t until mid-2017 that growth rates began to pick up across most industries.

24 Nov 2017

The European Investment Bank (EIB) and BBVA have joined forces to help provide Spanish SMEs the funding they need to implement their digitization and innovation strategies. EIB Vice President Román Escolano, and the Head of BBVA Spain, Cristina de Parias, signed an agreement today in Madrid through which the EIB will provide BBVA €150 million to finance SME investment projects related to innovation and digitization. BBVA will provide an additional €150 million of its own resources to fund this new line of credit.

30 Oct 2017

29 Sep 2017

27 Sep 2017

The recent elections in Germany have ended this year’s electoral cycle in Europe. With euroscepticism weighing in at the ballot box, it’s now up to the European Union to bring its institutions closer to the continent’s citizens, according to José Manuel González-Paramo, Executive Director of BBVA, speaking at a conference on “The New Europe: Challenges and Opportunities” organized by ADEIT.

30 Aug 2017

After barreling into the state of Texas, as one of the largest and most damaging Hurricanes in U.S history, Hurricane Harvey continues to devastate the Corpus Christi-Houston-Galveston area with catastrophic destruction, human losses, and unprecedented flooding.

As the region begins to pick up the pieces in the weeks, months and years to come, there is a growing concern about the impact that Hurricane Harvey will have on the regional and national economy.

On March 25, 1957, representatives from the six founding countries of the European Community put their signatures to the Treaties of Rome, consisting of blank pages due to a problem with the printing. Sixty years on, Europe “is an enormous success”, but today it also has “blank pages still to be filled in” for the project to continue with its process of completion. This was the metaphor used by Jose Manuel González-Páramo, the CEO of BBVA, to describe the current situation of the EU.

18 Aug 2017

11 Aug 2017

Garanti Bank believes that for any economy to achieve further growth, the participation of women in the labor force is crucial. Women must be encouraged to be entrepreneurs, and women- owned businesses must be supported. Garanti took action in 2006, becoming the first private bank to define  women entrepreneurs as a separate client segment. “To empower women entrepreneurs”, Garanti Bank has had a sustainable Women Entrepreneurs program over a decade. In this respect, the activities focus on four core areas; access to finance, encouragement, education and penetrating new markets.

02 Aug 2017

21 Jul 2017

19 Jul 2017

BBVA Research places Spain at 30th in the digitization ranking of 100 countries, an intermediate position behind nations such as Germany or France, but ahead of other southern European countries like Italy or Portugal. However, Spain “is much better prepared for the Fourth Industrial Revolution than it was for the previous ones,” says Rafael Doménech, head of Macroeconomic Analysis at BBVA Research.

07 Jul 2017

After bitcoin and blockchain, it is now time to get acquainted with another novel concept brought about by the digital economy: The ‘token’. What is this concept that is leading some people to speak about new discipline, ‘tokenomics’?

13 Jun 2017

09 Jun 2017

The International Bank Note Society (IBNS) has chosen the 50 Swiss Franc bank note as the winner of its “Bank Note of the Year Award” for 2016. The bank note, which depicts a hand holding a dandelion, was chosen after a tight voting process. The three runner ups were the Maldive Islands 1000 Rufiyaa, Argentina’s 500 Peso, and the Royal Bank of Scotland’s 5 Pound bank notes.

Together with these 4 finalists, the IBNS chooses what are considered to be, overall, the 18 best bank notes in the world in 2016.

07 Jun 2017

22 May 2017

BBVA will be hosting the first seminar with Latin American regulators this week, during which the region’s top officials will analyze how to apply and regulate innovation in the banking services of the future.The event is organized in partnership with the Inter-American Development Bank (IDB) and will be held at BBVA Bancomer’s Innovation Center, Mexico City, on Tuesday and Wednesday.

11 May 2017

Regulators, service providers, consulting firms and banks leading the transformation process participated in a workshop organized by the European Digital Forum to analyze how to increase the competitiveness of the European economy and drive innovation through ‘cloud computing.’

04 May 2017

20 Apr 2017

17 Apr 2017

05 Apr 2017

04 Apr 2017

On April 4 the new €50 note will enter into circulation. This new note, presented on July 5, 2016 by the European Central Bank will be phased in gradually and will coexist with the preceding model, which will remain legal tender. Thus, the ECB completes another step in the rollout of the Europa series, and follows the €5, €10 and €20 notes, which have already been issued. Reinhold Gerstetter, independent banknote designer was selected to refresh the design of the notes.

30 Mar 2017

There has been an increasing focus on sustainable finance and on the impact of the climate change for the financial stability since 2015 year. Having said that, sustainable finance and the analysis of the consequences of climate change for the financial system are still in a very nascent stage and there is still a lot of work to be done. Two leading projects that are a step in the right direction are those of the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD) Recommendations -at global level- and the creation of a European Expert Group on sustainable finance -in the EU.

29 Mar 2017

After the positive surprise of growth in Q3 2016 (+2% y-o-y) and the developments that took place in the final months of the year, we expect GDP for 2016, which will be disclosed in May, to close at about 1.2%, finally pulling out of the stagnation of recent years, and leaving a positive momentum for 2017.

22 Mar 2017

B20 (the official business dialogue of the G20) defends that the world’s 20 most developed countries should promote inclusive growth, while ensuring the financial stability of the system. BBVA Executive Board Director José Manuel González-Páramo, in his capacity as co-chair of the Financing Growth and Infrastructure taskforce, explained today in Paris the importance of developing a coherent and proportionate regulatory framework, especially in the digital regulation arena, as fundamental pillar to promote inclusive growth.

14 Mar 2017

13 Mar 2017

Alibaba’s payments arm is playing a key role in the company’s success. But Ant Financial is much more than just that: it is the biggest fintech in the world. The company recently achieved a market valuation that more than doubles Airbnb’s value and is almost  on par with Uber’s capitalization.

08 Mar 2017

Wanted: entrepreneurs, CEOs, mathematicians, scientists. The fintech world needs more female talent. This is the irrefutable conclusion of the many different studies on the subject. Experts say it isn’t simply a question of numbers. There are also much more profound factors that could benefit industries such as the fintech sector. Given their influence in the global economy, women can help develop specific products and solutions for needs that have not yet been identified, or sufficiently explored.

23 Feb 2017

If you were pressed to name the skills that are earning a premium in today’s job market, you’d likely list software-coding or data analysis. You wouldn’t be wrong. But we’ve found that skills like cognitive and social intelligence, entrepreneurial and leadership skills, the ability to adapt and innovate — skills that can’t be automated, in other words, at least not yet — are also earning a premium. And that is good news for low-skilled workers who may be fearful for their futures in a world of unrelenting technological change and globalization.

21 Feb 2017

09 Feb 2017

BBVA leads the ranking of the 11 banks and fintech firms developing the best open platform strategy, according to 11FS. The fintech consulting firm notes that BBVA “has taken the bull by the horn” by making a wide range of APIs available to developers through the BBVA API Market.

01 Feb 2017

23 Jan 2017

09 Jan 2017

Big data, virtual reality, social networks… The dizzying changes that technology is bringing about in society are reflected in the world of work, where new jobs and responsibilities are being created. This is a short guide that will help explain to your parents what your work consists of, or will help you understand what your children are doing.

07 Dec 2016

26 Oct 2016

21 Oct 2016

The ECB is leaving interest rates and the parameters of its bond buying program untouched and President Draghi dismissed rumors about removing monetary stimulus before March 2017. The ECB has no plans to end the program abruptly.

Banks play a critical role as providers of funds to the real economy. In this regard, the active management of the balance sheet has become more and more important, and is now a strategic area for financial institutions. Some of its key goals are guaranteeing liquidity, strengthening solvency and reducing exposure to credit risk.

10 Oct 2016

Anthony Thomson, founder of Atom Bank, is absolutely clear about his career goal: He wants to redefine customers’ everyday relationship with money, he wants to improve it. He is aware that the financial sector is in the midst of a revolution marked by an unstoppable wave of disruption. “The first change is that money is data and data are the main product of our business” he said during his address in South Summit, where he unveiled three essential challenges that all companies must face to survive in this paradigm shift.

06 Oct 2016

22 Sep 2016

25 Aug 2016

The New Deal, the interventionist program Roosevelt promoted to soften the blow from the 1929 Wall Street Crash, meant that investment and retail banking must operate separately for the first time in history. After being separated in 1933, they began to develop independently during a period of economic boom in the U.S.