International guarantees, also known as “bank guarantees,” “guarantee bonds,” or “standby letters of credit,” are a key tool for companies that operate internationally, as they ensure that economic obligations will be properly performed. Under this instrument, the guarantor expresses a willingness to fulfill the commitments of the principal obligor facing a third party if the principal fails to do so.

BBVA and North American Stainless (NAS), the U.S. subsidiary of the Acerinox Group, signed a $100 million deposit. It is a relevant operation for both companies as it is NAS’ first sustainability-linked deposit, and the first deposit of this kind that BBVA has signed with a U.S. client.

BBVA is rolling out its innovative Quantitative Investment Strategies (QIS) product line for investors in South America, focused on the design, manufacture and distribution of investment strategies that materialize in proprietary indices. In March, Peru will become the first country to incorporate these innovative strategies into local investment products. Colombia and Chile will follow.

INWIT, the leading Italian telecommunications tower operator, has taken another step forward in its commitment to sustainability by incorporating environmental and social criteria in its core revolving credit facility (RCF). BBVA acted as global and sustainability coordinator for this revolving credit line which involves a total of 10 lenders.

BBVA expands its offer of sustainable and innovative products with the launch of financial contracts linked to thematic investment strategies. From June 4 until June 22, BBVA's retail customers in Spain can invest in a sustainable financial contract linked to an ESG investment strategy.

BBVA strengthens its offering for multinational companies with BBVA Pivot. Behind the renewal of its global treasury services lies a strategy to conquer a space that still offers great potential for growth. "We want to double the number of corporate clients that have implemented and operate with BBVA Pivot," says Javier Balbin, Global Head of Enterprise Solutions at BBVA.

BBVA has renewed its range of services for companies with BBVA Pivot - an ecosystem that simplifies cash management for multinational companies. BBVA’s business customers in Spain, Mexico and other Latin American countries now have an easy experience that unifies access to all payments and collections with all the security and guarantees of the BBVA.

Garanti BBVA was recognized as Best Bank for Cash Management in Turkey in 2021 in Global Finance’s annual Best Treasury & Cash Management Banks survey.

In 2020, BBVA took a step forward to protect its employees and support its customers and society as a whole, to cope with the COVID-19 crisis. In a year marked by the virus, the bank has launched initiatives across the world to alleviate the financial burden of those worst hit by the pandemic and provide funding for the economic recovery.

Once the pertinent regulatory authorizations have been obtained, BBVA Allianz Seguros - Allianz and BBVA’s new bancassurance joint venture that was announced in April this year - will begin to operate in Spain. BBVA Seguros has contributed around 1.18 million insurance policies to the new company, representing approximately €300 million in premiums issued by the end of 2019. The new company combines BBVA’s distribution capacity in physical and digital channels with Allianz’s innovative knowledge to develop simple, digital non-life insurance.

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.

In the last twenty years, Garanti BBVA has distributed more than 135,000 million free airline miles for Miles&Smiles credit cards holders, which is enough to travel the world a million times.

BBVA has created a new supply chain finance solution to compete and lead the business in Latin America, the U.S. and Europe. The tool allows for the centralized management of payments, optimizing corporate clients’ working capital while helping to improve the financial health of their suppliers. All of this with a unique digital experience thanks to the simple and intuitive navigation.

Simple,a subsidiary of BBVA USA, today announced another addition to its rapidly growing list of products and features for its online customers with the launch of its No-Penalty CD.

Since they were first launched in January 2019, this new generation of cards has distributed millions of air miles, which translates into hundreds of thousands of plane tickets. Shop&Fly card holders can fly to any destination in the world with the airline they choose, paying the taxes with the card.

Simple, a subsidiary of BBVA USA, today announced its automatic savings program, Round-up Rules, reached a benchmark of more than $1.2 million in customer savings accounts.

Garanti BBVA is the only private Turkish bank participating in Turkey’s blockchain network, the BiGA Digital Asset Transform Platform, developed by Istanbul Clearing, Settlement and Custody Bank (Takasbank). For the first time, Garanti BBVA carried out blockchain transfers in real time with other participating banks.

BBVA USA was named one of the Best Regional Banks of 2020 by GOBankingRates, an online resource that helps consumers find the best financial products nationwide.

Another page has turned in the calendar and the sun has since long set over the first half of the year. The more the year progresses, the more new data comes from 2018. That includes data on personal loans and consumer habits.

Just months after announcing its plan to realign its global brand, BBVA USA introduced a newly updated Premium Checking account, intended to deliver on the bank’s commitment to provide global products and services, an improved user experience, and solutions that help customers make better financial decisions.

• Newly updated account reflects updated brand strategy: BBVA’s global focus on transparency and simplicity are reflected in the product’s new features and benefits
• A simpler, more transparent product: The new Premium Checking account is streamlined with simpler qualifying criteria and expanded benefits
• Lower monthly fees, more easily avoided: BBVA’s relationship program and private bank were also notable reasons for the bank’s designation.

BBVA USA was recognized by Kiplinger as its runner-up in the Best Banks for High-Net-Worth Families category for 2019. The Washington, D.C.-based publisher of business forecasts and personal finance advice cited BBVA’s expansive wealth services, including its attractive relationship program and well-regarded private bank, and specifically noted its Premier Personal Banking program.

Garanti Bank has reached an agreement with the International Finance Corporation (IFC) to provide Turkish female entrepreneurs TRY 390 million in financing. Women with small and mid-sized businesses can apply for TRY 50,000 to TRY 500,000 in three year loans at special interest rates.

The European Banking Authority (EBA) has published its most recent Consumer Trends Report. Prominent among the conclusions of the report is the fact that mortgages are the retail product that most impact consumers’ finances, whereas more than half of the European population already uses online banking.

Che Goff knows Corpus Christi. One could surmise that the newly-appointed BBVA Compass Corpus Christi City President got to where he is because of his attachment to the place he calls home.

Imagine a world where applying for a bank product is made possible by simply downloading the bank’s own mobile app, without having to go into a branch first - or ever.

In December 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA), a tax overhaul that sought to cut corporate and individual income taxes and stimulate the economy. As part of the tax package, the standard deduction was increased across all tax brackets and rules for mortgage interest deductions changed.

The start of sweet summertime means that the school year for most kids in the United States is drawing to a close. If you’re a parent, you may be thinking about how to say thanks to a special teacher that has been meaningful in your own child’s life. The good news is that there are myriad ways to recognize teachers for the effort, caring and education they’ve provided throughout the school year.

BBVA Compass recently announced the launch of the digital BBVA Compass Express Personal Loan to customers and prospects across its footprint.* The timing of the announcement was auspicious given that it was released nearly one year after the date from when the bank booked its first ever end-to-end digital loan. Now, just over a year later, the bank has achieved a record for one-week consumer loan production, with online originations officially exceeding branch production in that same week.

The global head of Customer Solutions (CS) closed BBVA Colombia's quarterly planning meeting in an ‘All Hands’ session with 300 participants representing all areas of the bank. The message is clear: the transformation is accelerating.