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Banking

27 Jul 2022

BBVA has recently appointed Pierre Goffin the bank's new Country Manager for France. Pierre has more than 25 years' experience in corporate and investment banking and will oversee business in this market. His main objective will be to strengthen relations with large corporations and the leading institutional and investor community in France.

13 Jul 2022

BBVA Global Wealth and the IE Center for Families in Business of IE University conducted a study that analyzed nine “moments of truth” in which business families should reflect and make decisions to reinforce their strategy. Through this report, BBVA will promote the advice that business families receive in Spain, Colombia, Mexico, Peru, Switzerland and Uruguay.

17 Jan 2022

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BBVA Chair Carlos Torres Vila announced in an interview posted to the bank’s corporate website that, “In 2021 and 2022 we expect to distribute more than €7 billion to our shareholders, or nearly 20 percent of the bank’s current market capitalization.” This figure includes the share buyback program and the expected dividends for both years. As for the excess capital held by BBVA, Carlos Torres Vila said that the priority is “profitable growth,” but he did not rule out “additional distributions” to shareholders. The bank’s goal is to be in its target range of 11.5-12 percent in 2024.

05 Jan 2022

16 Dec 2021

Rating agency Standard & Poor’s (S&P) has raised BBVA’s rating to A from A-. The outlook is negative, mirroring the negative outlook of Spain's sovereign rating. S&P underscores BBVA’s strength and geographic diversification, the profitability of its retail banking franchise, its cautious risk management and the strength of its capital, among other factors.

29 Nov 2021

At the 12th Financial Meeting organized today by Expansión and KPMG, BBVA’s CEO said that over the past year the bank has made a series of relevant strategic decisions, such as the sale of its U.S. subsidiary, the largest share buyback in Europe and the takeover bid for a 50.15 percent stake in Turkey’s Garanti BBVA. They all show that “we are very committed to shareholders’ profitability,” he added. Onur Genç also underlined the 2024 objectives that BBVA presented at its Investor Day: “Our goals are very ambitious and we are committed to achieving them.”

18 Nov 2021

16 Nov 2021

21 Oct 2021

The BBVA Group is debuting fully digital retail banking in Italy, with a unique value proposition and customer experience. BBVA is entering the Italian market with free digital banking; one of the most secure cards in the world - as there are no printed numbers on the card, and a dynamic CVV - unmatched in Italy; and financing products at competitive prices.

03 Sep 2021

BBVA is back in the Euro Stoxx 50, Eurozone's main index. Just one year after its exit, the bank's recent good performance on the stock market has allowed it to return to the index, a milestone -exit and re-enter the following year- which at least in the last decade had never happened before. Normally, it takes longer for companies that exit the index to recover their position and re-enter.

30 Jul 2021

BBVA has once again stood out in the latest stress test carried out by the European Banking Authority (EBA). In the adverse scenario BBVA’s fully-loaded CET1 capital ratio at the end of the assessment period (2021-2023) would be reduced on  303 basis points (bps), an impact considerably lower than the 50 European banks average analyzed on the stress test (485 bps). BBVA is the bank with the second lowest impact on capital among comparable European peers. In the baseline scenario, BBVA would generate 128 bps of capital, to reach a fully-loaded CET1 capital ratio of 13 percent in 2023.

15 Jul 2021

To measure and understand a banking entity's credit quality, several metrics must be considered as an interrelated whole. One indicator in isolation cannot give a full picture of credit risk. The three most widely used metrics are the NPL ratio, the coverage ratio and the cost of risk. These metrics enable us to analyze the volume of non-performing assets in relation to the size of an entity's loan portfolio, the provisions recognized to cover future default losses and the annual cost of generating this buffer of provisions.

29 Jun 2021

31 May 2021

28 May 2021

ALCO portfolios are one of the main tools available to banks to manage some of the structural risks on balance sheets (liquidity risk and interest rate risk) and, as a secondary objective, to contribute to the stability of earnings generation. They are a portfolio of financial assets, mainly composed of government bonds, which is governed by the bank's Assets and Liabilities Committee (ALCO).

27 May 2021

23 Apr 2021

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

12 Jan 2021

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

27 Oct 2020

11 Sep 2020

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

30 Jun 2020