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.
16 Mar 2021
BBVA today placed a 6-year €1 billion senior preferred debt issue, with maturity in March 2027, and an option for early redemption after five years. Final demand exceeded the initial offer 1.5 times, up to more than €1.5 billion, spread over 125 orders. The interest rate was mid-swap + 52 basis points, below the estimated exit rate of mid-swap + 70-75 basis points.
05 Mar 2021
Generation Z expects a financial model that meets their needs in terms of digitalisation, immediacy and respect for the environment. Born at the heart of the digital age, they expect services that live up to their requirements for transparency and constant attention.
28 Jan 2021
GoBanking Rates released its annual Best Banks of 2021 lists this month, naming BBVA USA in three categories: Best Money Market Accounts, Best Regional Banks and Top 100 Banks.
12 Jan 2021
BBVA USA announced today it will offer an updated Bama-branded Visa® check card next month, an offer that is exclusive to BBVA customers.
23 Dec 2020
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.
10 Dec 2020
The Collective Commitment to Climate Action (CCCA), the most ambitious global banking sector initiative supporting the transition to a net zero economy by 2050 is celebrating its first anniversary. And to commemorate the occasion it has published its first follow-up report.
27 Oct 2020
Throughout 2020, we’ve witnessed changes that have shifted the very foundation of our society, many of which will reverberate into the next decade. The economic fallout of the pandemic has been felt by small businesses, individuals and everywhere in between. People across the U.S. are hurting financially.
11 Sep 2020
The wealth management sector is a unique area of the financial industry. Like two merging streams, it can easily blur the lines of consumer and business banking, and mix it into a quickly moving entity that changes at every curve.
10 Sep 2020
The Banker has named BBVA Best Transaction Bank in Latin America for second year in a row. The U.K. magazine, a Financial Times group publication, underscored the bank’s innovative approach in the region, which allowed customers to continue accessing the bank’s services seamlessly during the pandemic.
03 Sep 2020
BBVA Group Executive Chairman Carlos Torres Vila participated in the Plenary Session of the Spanish Chamber of Commerce, where he emphasized that the recovery in Spain may open up an opportunity to “quickly embrace” a more digital economy. For this, he considers that digitization should be a priority for businesses – especially SMEs – and any progress in this sense will greatly depend on public investments and the amplification effect derived from private initiatives. He also noted that “the role of banks has been pivotal, not only amplifying the impact of public money, but also aligning targets.”
02 Jul 2020
Today, a group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) paved the way for the future launch of the European Payments Initiative (EPI).
30 Jun 2020
With BBVA set to open 15 new branches across Texas in early 2021, the bank enters a new era that blends digital banking with face-to-face interactions even further.
BBVA USA announced today that it has received approval to open 15 new branches across Texas, the bank’s largest market in its U.S. footprint.
15 May 2020
In late March, BBVA USA announced that it would be closing most of its 637 branch lobbies and instead serving customers through its drive-thrus, among other modifications. The changes, put in place in response to the COVID-19 pandemic and for the safety of its clients, is now reaching its two month anniversary.
17 Apr 2020
BBVA Group executive chairman Carlos Torres Vila and BBVA CEO Onur Genç participated in a virtual Live@BBVA event with more than 65,000 connections from employees. They provided answers to questions about how BBVA is dealing with the coronavirus crisis and sent a message of hope. “Together we can ensure that the recovery is stronger,” the chairman said. “It is time to step up and make a difference,” and to do so, “ “it is essential that we all – authorities, companies and society a whole – act in a coordinated manner.”
08 Apr 2020
In an op-ed published in El País, Olga Gouveia, Principal Economist at BBVA Research, recalls the importance of banking services – considered essential services by authorities in many countries – in the current crisis caused by the COVID-19 pandemic. Thus, banks are part of the solution and the recovery will be faster if they remain capable of financing the economy.
07 Apr 2020
On Monday, the Country Manager of BBVA in Spain, Peio Belausteguigoitia, held a virtual meeting with the team from bank’s entire business area in Spain (more than 20,000 people) to offer support and update them on the bank’s current situation. The director reported that the bank has managed to adapt to the new situation in record time.
06 Apr 2020
Lending institutions belonging to the Spanish Banking Association (AEB) and the Spanish Federation of Savings Banks (CECA) are joining forces to announce a new voluntary measure to help mortgage customers affected by the COVID-19 outbreak, according to a statement from both entities. People with a mortgage on their first home who are affected economically by the coronavirus outbreak may apply for a deferral of up to 12 months in the capital repayment. Likewise, principal repayments on personal consumer loans are to be deferred for up to six months. This means that these customers will only pay the interests on the mortgage loan, which will reduce considerably the amount they were paying until now.
30 Mar 2020
BBVA’s Group executive chairman said that the bank has to “step up and make a difference” to do everything in its power to “save lives, mitigate the economic impact, and help others overcome these difficult times.” Carlos Torres Vila also announced that as an act of responsibility with society, customers and clients, shareholders and employees in the current context, “Those of us running the bank on a global level and in the different countries have decided to give up all variable compensation in the year 2020.” In a video made for employees, he maintained that BBVA is facing the COVID-19 crisis from a position of strength.
23 Mar 2020
Spanish banks are to provide a deferral of up to three months on rent payments for families affected by the coronavirus and living in dwellings belonging to the Spanish Social Housing Fund. This fund was created in 2013 and includes more than 10,000 dwellings in Spain that are the property of lending institutions.
Garanti BBVA, BBVA’s Turkish unit, has implemented a series of proactive measures to address the coronavirus pandemic, currently affecting 176 countries in the world. Garanti BBVA considers the health of its employees’, their families’, and society at large as its most important priority.
17 Mar 2020
The Spanish Banking Association (AEB) supports the economic measures announced today by the Government amidst the coronavirus outbreak in order to avoid a production drop and to back employment. The AEB also expresses its complete disposition to facilitate their implementation and thus mitigate the impact of this crisis on families and businesses.
04 Feb 2020
BBVA USA’s Global Wealth team saw a continued growth in customer satisfaction in 2019, reporting solid Net Promoter Score via its Voice of the Client Experience Program.
24 Jan 2020
2019 has seen the first 5G networks rolled out and the first achievements in quantum computing, as well as the establishment of various financial initiatives using blockchain. These three technologies will mark a before and after in the banking sector in the years to come.
17 Jan 2020
Following several quarters of slowing down, the Turkish economy is starting to stabilize, and forecasts suggest a V-shaped recovery for 2020. BBVA CEO went to Turkey this week to meet with the Garanti BBVA team. Onur Genç stressed that: “Turkey was the biggest positive surprise for the Group in 2019, and 2020 will be even better.”
08 Jan 2020
Head of Commercial and Wealth Rafael Bustillo has been a leading force in the evolution of banking in his 30-plus years at BBVA. But, it’s the future that he’s most excited about. In the following interview, Bustillo gave his thoughts about the challenges and opportunities facing the bank’s Commercial & Wealth team in the coming year.
12 Dec 2019
We interview Jon Rebello, BBVA USA Austin CEO
05 Dec 2019
BBVA USA has been named the 2019 CX Leader for U.S. Commercial Middle Market Banking, according to the research-based financial consulting firm Greenwich Associates.