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Emerging markets

29 May 2018

02 Feb 2018

25 Jan 2018

27 Dec 2017

18 Dec 2017

12 Dec 2017

BBVA won the Spanish Company category of the third annual Spanish-Turkish Official Chamber of Commerce and Industry prizes, which recognize achievements in promoting mutual understanding between the two countries. At the event, Jorge Sáenz de Azcúnaga, BBVA’s Director of Country Monitoring, said BBVA’s Turkish subsidiary Garanti Bank is one of the pillars of the group’s transformation.

19 Oct 2017

20 Jul 2017

Garanti Bank signed an agreement with the European Bank for Reconstruction and Development (EBRD) for 5-year term funding in the amount of Euro 75 million equivalent under the Covered Bond Programme. Thanks to this financing, the first transaction settled with EBRD in TL and covered bond format, Garanti aims to boost the expansion of Green Mortgage loans and to protect the future generations with environmentally-friendly buildings.

16 Feb 2017

30 Jan 2017

23 Jan 2017

Just like in past editions, the 47th World Economic Forum annual meeting in Davos drew worldwide attention. Hard brexit, Donald Trump’s presidential inauguration, employment, the future of Europe, the transformation of the banking industry and the challenges for 2017 after a somewhat turbulent year, were the themes that dominated the debate.

01 Dec 2016

In the last five years, Paraguay’s economy grew at an annual average rate of around 5% – one of the highest in the region. This economic performance is especially remarkable considering it occurred in a rather volatile international environment, characterized by turbulent international financial markets, lower capital inflows to emerging economies and falling prices for metals and agricultural products. The Paraguayan economy was also affected by declining activity of some the region’s most significant trade partners.

29 Nov 2016

02 Aug 2016

The recent report, The Business of Financial Inclusion: Insights from Banks in Emerging Markets represents a new endeavor for the Institute of International Finance (IIF). It is based on the insights of 24 executives in charge of financial inclusion, a topic of growing interest.

13 Jul 2016

06 Jul 2016

10 Jun 2016

There is broad consensus regarding the objective to expand the participation of economic agents in the financial system. Various studies have found that greater financial inclusion increases the population’s welfare, reduces the likelihood of falling into poverty, increases productivity and generates a significant positive impact on the country’s macro-economy. For all these reasons global economic policy agendas have been strongly recommending the implementation of measures to help strengthen financial inclusion in countries.

03 Jun 2016

The trade finance or foreign trade activity accompanies people and businesses in their activity importing/exporting goods and services, mitigating the risks that exist in international commercial relations and simplifying the settlement of operations. The same commercial transaction can require different solutions over time, depending on the moment at which it takes place and the role of the parties involved (importer or exporter).

22 Apr 2016

GDP expected to grow at about 2% in a scenario marked by lower oil prices and a complex international context for the country’s investments and exports. Growth in 2016 will be driven by expansions in the petrochemical industry, imports and the services and construction sectors.

20 Apr 2016

Falling oil prices are pushing Colombia into a new reality. It is a reality that implies cuts in private and public spending and therefore also in short and medium term growth. This new reality can be seen through two different perspectives: the pessimistic view that relives the glory days of the past with oil prices around $100 per barrel and the optimistic view that shows us the opportunity to strengthen, find and build sources of growth for the near future. As I tend to be more of an optimist, I think that we stand before an opportunity.

01 Apr 2016

Op-ed by Jochen Müller

The U.S. is the largest recipient of Spanish exports outside of the EU, the country with the greatest investment in Spain and the third-largest destination of our investments in the world. This privileged economic and trade relationship has become stronger in recent years and has helped create thousands of jobs in Spain.

93% of the companies that export to the U.S. are small and medium sized enterprises (SMEs) and they are responsible for 35% of all sales to this country (if large companies’ value chain is included this percentage increases to 50%). The prominence of SMEs in the Spanish and European economies means governments need to enact measures that give them more opportunities to grow locally, regionally, nationally, as well as across the EU and the rest of the world.

22 Mar 2016

03 Mar 2016

19 Feb 2016

04 Feb 2016

Central banks in Latin America are finding it particularly difficult to meet their target of low and stable inflation, since many countries are facing at the same time problems of high inflation (fueled by the depreciation of the exchange rate) and low economic growth.

27 Jan 2016

Brazil’s economic recession may end up affecting all other Latin American countries, especially its closest neighbors: Argentina, Uruguay and Paraguay. The negative effects of this situation will be mostly felt on trade but they will also impact tourism, foreign direct investment (FDI), and fund flows, among others. However, according to BBVA Research, the general effect of Brazil’s negative circumstances is not strong enough to bring a crisis situation to other countries in the region.

21 Jan 2016

Brazil, the biggest economy in Latin America, is facing a political and economic crisis that is keeping the country in recession and will extend over 2016. We talked about the economic situation and outlook for the country with Enestor Dos Santos, economist at BBVA Research for Brazil, who explained that if the situation is to be normalized it is important to resolve the political situation first. This will reduce uncertainty, generate more stability and enable the right decisions to be made to allow the country to grow again. However, he clarifies that recovery from this economic recession will start gradually in 2017 and gather strength after the 2018 elections.

15 Jan 2016

A study by the Economic Studies Institute (IEE),analyzing the impact of the TTIP on the Spanish economy, calculates that in a scenario which is both long term (3 to 5 years) and ambitious (decrease of 25% in current non-tariff barriers), the Spanish GDP could increase by 0.74% annually if this agreement was signed.

What happens if a German citizen wants to take out a mortgage from an Italian bank that does not operate in his country? What barriers will he face beyond the language? This is what is intended to be found out by the European Commission, which has presented the much-awaited Green Paper on Retail Financial Services.

08 Jan 2016

Ahead of the start of the New Year, analysts have issued their forecasts for market performance over the next 12 months.  Virtually all agree that equities have a greater revaluation potential than fixed income and prefer the European markets over the US bourse. In Europe, the financial sector, one of the most heavily penalized in 2015, stands out as one of the clearest contenders in 2016.

29 Dec 2015

28 Dec 2015

14 Jul 2015

29 Sep 2014