30 Jun 2018
AVANGRID has entered into a $2.5 billion syndicated sustainability-linked credit facility, the biggest green loan in the U.S. to date. In doing so, Iberdrola’s U.S. subsidiary follows its parent company’s lead and demonstrates its commitment to combating climate change. BBVA has acted as sustainable agent and ‘joint lead arranger’ for the deal.
28 Jun 2018
It’s true that interest rates on mortgages are increasing, but it could still be a good time to refinance. As with so many things in life, it all depends on your unique financial situation.
According to RealtyTrac, as of April 2018, there were more than 600,000 properties in the U.S. in some stage of foreclosure. While the numbers of foreclosed homes are significantly lower than at the peak of the U.S. Housing Crisis, with more than a half million lender owned homes on the market, buyers still have a solid opportunity to find a good deal.
22 Jun 2018
What does it mean when we say a bank is the ‘bookrunner’ for a deal? Or if a financial institution has acted as the ‘lead manager’ or ‘lead arranger’? These are just some or the roles that banks can play in bond issuances and loan transactions.
21 Jun 2018
When it comes to buying a home, understanding which mortgage option is right is key. When constructing a home from the ground up, the same is true, but the options for financing are slightly different.
Generally, new construction financing falls into two types of loans, construction-to-permanent and construction only.
19 Jun 2018
Being self-employed doesn’t mean homeownership isn’t attainable. In fact, lenders are willing and able to loan money to the entrepreneurial minded. People who are self-employed and seeking to buy their own home simply need to be aware of a few more things.
11 Jun 2018
Over the past several years, the Federal Open Market Committee (FOMC) has gradually increased the federal funds interest rates both as a response to favorable economic conditions and in order to curb inflation. In a rising interest rate environment such as this, lending is affected as banks set their own interest rates according to the prime rate, which is mostly determined by the aforementioned federal funds rate.
17 May 2018
Drawing on its skills, knowledge and experience as one of the most active banks in the sustainable finance sector, BBVA has been selected by Hera to help in the structuring and execution of the first RFC (revolving credit facility) loan in Italy. This is the first sustainable operation of these characteristics in the country. BBVA has acted as the sustainable agent, leading the operation valued at €200 million.
30 Apr 2018
24 Apr 2018
20 Apr 2018
The longer you own your home, typically the more equity you build. Many people wait to tap into this equity, while others use it to strengthen their financial footing.
One of the ways a homeowner might put their home equity to work for them is with a home equity line of credit (HELOC). BBVA Compass Director of Mortgage and Home Equity Originations Jose Pascual shares his top three reasons that homeowners might want to consider a HELOC.
18 Apr 2018
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.
17 Apr 2018
Among the many perks of homeownership is the equity you build over time as your home appreciates and your total loan amount decreases. Equity is an asset that you can use in a variety of ways, including borrowing against it in the form of a Home Equity Line of Credit, or HELOC.
If you’re a homeowner and in the market for a loan, a HELOC may be the right option for you. To find out more, read on to understand what a HELOC is and how it works.
13 Apr 2018
Bonds and loans are financing instruments used at one moment or other by companies during the course of their existence. These are two conceptually different credit products that are sometimes confused. It is important to differentiate between both means of financing and understand their characteristics in order to know their true essence.
22 Mar 2018
20 Feb 2018
On the road to home ownership, it can feel like every turn includes another unexpected charge or fee, with one of the final being closing costs.
‘Closing costs’ is an umbrella term that encompasses various fees collected by those who perform all the final tasks that ultimately allow a home buyer to sign on the dotted line of their mortgage loan. The fees, which typically range from 3 to 5 percent of the cost of the home, include various charges like appraisal, underwriting and recording fees, among other charges. According to BBVA Compass Director of Real Estate Originations Jose Pascual, the number and total amount of fees can vary.
16 Feb 2018
Let’s talk Private Mortgage Insurance, or as it’s more commonly known, “PMI.”
If you’re buying a house and in the process of obtaining a home loan, chances are good you’ve at least heard the term. Chances are even better you’re acutely aware of PMI if you’re planning a down payment of less than 20 percent, because PMI is the premium you’ll have to pay to insure the lender against loan default.
05 Feb 2018
Green loans have arrived in force on the world’s financial markets. The volume of these sustainable products, which up to now had appeared sporadically, has shown a marked increase since last year. BBVA ended 2017 as the most active company in green loans worldwide, with a total of 11 transactions in Europe and Latin America for clients in a range of sectors, and was the undisputed number one in Spain.
11 Jan 2018
28 Dec 2017
A bright new year dawned for BBVA Compass in 2017 with the January installation of a new President and CEO and the debut of a new global tagline – Creating Opportunities – that would become the theme for the bank’s activities throughout the year.
20 Dec 2017
Let’s be honest. You’ve procrastinated in your holiday shopping. Even though a fall 2017 survey claimed that procrastination among holiday shoppers would dwindle this year and 30 percent of consumers planned to start their holiday shopping over Thanksgiving, it still leaves a big percentage of shopping stragglers.
17 Dec 2017
Argentina’s small and medium sized enterprises, despite being pummeled by taxes and struggling to access credit, managed to survive the collapse of consumption. Now, they are gearing up to capitalize on the improving economic outlook, thanks to the lending and tax measures that the government will roll out in short to encourage them to invest. Four our of every 10 companies say they intend to do so.
11 Dec 2017
Garanti Bank on November 22 has successfully refinanced its 367-day Dual Currency Term Loan Facility dated November 23, 2016 with a 100% rollover ratio. The new Facility is comprised of $405.0 million and €648.5 million 367-day tranches and a $180.0 million two-year tranche.
21 Nov 2017
A few weeks ago, scientists discovered close-by a planet the size of Earth that possibly could sustain life. In fact, according to reports, the newly-found world, known as Ross 128 b, is 11 light-years away – a small road trip in the cosmic universe – and is set to become a familiar neighbor in the future.
08 Nov 2017
The growing demand for financial products that support sustainable economic, social and environmental development has created a need for tools such as green loans, which allow companies to finance initiatives that have a clear environmental impact.
30 Oct 2017
BBVA Compass National Mortgage Sales Manager Eduardo Castaneda has been in the mortgage business for over three decades, and can pour a vast amount of information on the subject at a moment’s notice.
24 Oct 2017
This week, several financial institutions will be releasing their earnings reports for the third quarter of the year (3Q 2017). Any bank’s profit and loss account can be interpreted following the five keys we describe in the infographic below.
11 Oct 2017
BBVA Compass has closed a $5 million equity investment in Pathway Lending, becoming the largest investor in Alabama’s effort to build up small businesses in the state’s Appalachian region. Pathway Lending, a Community Development Financial Institution certified by the U.S. Department of Treasury, will operate the state’s new loan fund for small businesses in the 37 counties of Appalachian Alabama.
21 Sep 2017
25 Aug 2017
Digital financial services are within everyone´s reach, but each generation has its own peculiarities when using them. Mobile banking apps have won over the centennials, while social networks influence Generation Y when it comes to changing banks, and Generation X confides in online banking. The baby boomers, meanwhile, prefer to take a stroll to the branch office.
11 Jul 2017
13 Jun 2017
Funding is one of the biggest challenges that entrepreneurs face when launching their own company. And getting it is not easy. But now, Trust·u, a new SME-oriented financing model, aims to help recently created companies overcome this hurdle by offering loans to startups that are able to convince relatives and friends to support them.
31 May 2017
BBVA Compass Fort Worth CEO Brian Happel was once quoted in the New York Times discussing his hope to earn an early roster spot on a professional football team in 1982.
26 May 2017
24 Apr 2017
BBVA Compass was recognized by the Small Business Administration with two awards recently, highlighting more achievements for the bank in its commitment to entrepreneurship.
08 Mar 2017
Almost seventy years since it was first recognized as a universal right, in 1948, gender equality is still far from being a done deal. Indeed, despite representing 50% of the labor workforce, women are responsible for just 37% of the world’s GDP. According to the World Economic Forum, a series of measures are expedited, economic gender equality will not be achieved for another 170 years.
17 Jan 2017
06 Dec 2016
Atom Bank, the UK’s first bank built exclusively for mobile and in which BBVA has a 29.5% stake, launched residential mortgages – its first consumer lending product – which allows customers to manage the process from offer to completion through the Atom app – the only UK mortgage provider to do this.
23 Jun 2016
In a context marked by financial market volatility, the advantages of diversifying the sources of funding are evident for businesses, regardless of their size. In long-term financing, the two more broadly used funding instruments are loans (syndicated or bilateral) and bonds, placed among institutional investors. Both instruments can be more or less tailored to fit a series of parameter, including the company’s needs, mainly maturity and price, its credit profile, repayment capacity, the market’s momentum, etc…
04 Feb 2015
The BBVA Group posted a profit of €2.62 billion in 2014, 25.7% more than in 2013, according to the new accounting rules1, driven by the solid net interest income performance, cost control and lower loan-loss and real-estate provisions. Net income from ongoing operations, which does not include results from corporate operations, grew 53.1% to €3.08 billion year-over-year.