15 May 2020
The global pandemic is devastating millions of people’s finances worldwide. How can the consequences of the crisis be addressed? Experts consulted by the BBVA Center for Education and Financial Capability point to financial education as a fundamental way to build crisis-proof finances.
07 May 2020
BBVA’s financial education programs and initiatives have benefited 15.5 million people from 2008-2019, of which 13.1 million are children and youth. According to the PISA report on financial skills presented by the OECD today, Spanish youth have improved in these skills, but continue to be below average compared to the countries included in the analysis.
06 May 2020
The BBVA’s Center for Financial Education and Capability has decided to extend the deadline for its call for research proposals until June 15th.
27 Apr 2020
Maintaining financial health once the lockdown is over will be important for our savings goals and for having a financial cushion that makes it possible to handle any emergency, thus ensuring peace of mind with respect to financial matters. That’s why it’s a good idea to continue some of the habits that have become widespread during the lockdown, habits that have proven effective for saving money.
03 Apr 2020
Reducing inequality, one of the key points in the UN’s SDG agenda (SDG stands for Sustainable Development Goals), has become an even more pressing issue in the midst of the coronavirus crisis, which is deepening existing social divides across the globe. María José Roa, researcher, teacher, member of the INFE/OECD Research Committee and winner of the BBVA EduFin Grants 2019, analyzes the root causes and the impact of these inequalities and the role of financial education to reduce them in Latin America.
02 Apr 2020
The coronavirus crisis has lead to a situation of instability and uncertainty in the markets. For investors, it’s time to keep a cool head and consult reliable, updated sources of information. On the other hand, people who would like to learn to invest while at home these days, have many different kinds of quality educational resources just a click away.
19 Mar 2020
March has traditionally been the month of financial education, with major events like Global Money Week. However, the postponement of this event due to the coronavirus crisis has made online education take the lead in order to keep the spirit of these days dedicated to financial education.
17 Mar 2020
March 18 marks the start of the application period of this year’s edition of BBVA EduFin Research Grants, a program organized by the BBVA Center for Financial Education and Capabilities. The international call for grants invites candidates to submit their research proposals focusing on a range of topics related to financial education across the world.
17 Feb 2020
What impact does financial literacy have on women’s empowerment? Is it possible to curtail gender violence rates through financial education? These are just some of the issues addressed by one of the wining papers of BBVA Edufin Research Grants, organized by the Center for Education and Financial Capabilities.
05 Feb 2020
BBVA’s Center for Financial Education and Capability is celebrating its third anniversary on February 6th. Since it was first established, this platform, which seeks to promote financial education as a driver to improve people’s financial health, has benefited from the collaboration of 100 different organizations participating in its initiatives. The center also serves as a complete information repository on the subject, and has showcased nearly 250 reports and publications and 140 best practices around the world.
30 Jan 2020
29 Jan 2020
A company’s shareholders — ultimately the company’s owners — expect the company to create value that they can eventually recognize. Can the generation of shareholder value be measured? Which metric is a better indicator: book value or tangible book value?
28 Jan 2020
The net interest income is the difference in euro between financial income and financial costs; that is, the difference between an asset’s profitability (the credit lines and loans that the institution has on its balance sheet, mainly) and the interest that the bank pays for the resources it needs to finance that asset (such as customer deposits and wholesale financing).
These are the expenses that an institution incurs in its business operations.
27 Jan 2020
BBVA USA highlighted the work its employees do to share knowledge and empower community members through financial education in its recent submission to the Boston College Corporate Citizenship Film Festival.
To calculate a bank’s relative productivity, the market uses what is called an efficiency ratio. This indicator calculates the income earned for the expenses required to achieve said income over a given period of time. An institution’s efficiency ratio, expressed as a percentage, is the result of the ratio between operating expenses and the gross margin. For example, if the efficiency ratio is 60% it means that to earn 100 euro, an institution needs to spend 60. Therefore, the lower the percentage, the more efficient the institution.
26 Dec 2019
The 7th Survey on the Saving Habits of the Spanish Population; prepared by Instituto BBVA de Pensiones-Mi Jubilación (BBVA Retirement Pensions Institute – My Retirement), focuses on the Spanish baby boomer generation. The survey offers very revealing insights into the perception that people born between 1957 and 1977 (aged 42 to 62) have about their financial standing regarding their retirement. Elisa Chuliá, a member of the Forum of Experts of the BBVA Retirement Institute has taken a deep look a the survey’s results to narrow down the financial traits that define this generation.
20 Dec 2019
The BBVA Foundation hosted its seventh annual Project Blue Elf initiative during November and December, continuing its annual tradition of recognizing families that participate in the bank’s financial education programs.
17 Dec 2019
To what extent does having a bank account while still a minor— without parental oversight or control of other guardians — influence one’s life? This is one of the principle questions answered by research conducted by Carly Urban of the University of Montana and selected by the BBVA Center for Financial Education and Capability during the first installment of the BBVA EduFin Research Grants.
11 Dec 2019
With the slogan “Time for Action”, the goal of the 2019 Madrid Climate Change Conference is for the countries to present their commitments and finalize the rules needed to implement the Paris Agreement in 2020. On an individual level, this conference is a good time to reflect on our own consumption habits and look at how to manage our personal finances in a sustainable, eco-friendly manner.
28 Nov 2019
15 Nov 2019
It is common to think that saving is synonymous with not spending. But nothing could be further from the truth. Saving means spending better to make the most out of your money and, in addition, putting an amount aside to meet financial goals. The first step to achieve this is to draw up a family budget where all expenses are properly classified.
04 Nov 2019
31 Oct 2019
World Savings Day celebrates a financial habit that should be learned from an early age to ensure better financial planning in the future. Young people aren’t adults yet and don’t have the financial responsibilities of grownups. But, as kids become teenagers, they do have to start facing certain challenges, such as managing their monthly allowances to save a bit – or at least not overspend – or start using their first bank account.
28 Oct 2019
Now that the reporting season in the banking sector is underway, it may be the right time to take a look at some of the most commonly used, but more frequently misunderstood, financial terms. One of these terms is the expression “positive jaws,” which is used, for example, by BBVA CEO Onur Genç during the results presentations.
15 Oct 2019
BBVA completed its agenda of activities to commemorate “Financial Education Week”, held from October 7 to 11, taking part in the event `Financial Health in Spain : How to Improve It’, organized by Nantik Lum Foundation and JP Morgan. Speaking at the event, Lidia del Pozo, Director of Community Investment Programs BBVA, explained how BBVA’s strategy has evolved in the field of financial education, noting its profound relationship with financial health and emphasizing “the more than 13 million people have received financial education through BBVA since 2008.” and that “today, BBVA develops these programs across all population segments, primarily through digital channels.”
10 Oct 2019
Financial education takes center stage throughout the year with activities to take place around the globe. During these sessions, prestigious subject matter experts will share their knowledge at conferences, workshops, and classes. The agenda of events represents an unparalleled opportunity to learn about the world of finance.
08 Oct 2019
07 Oct 2019
October 7 marks the celebration of Financial Education Day, a day that aims to raise awareness about the importance of a good financial education. Throughout the week training and awareness-raising activities will be held around the world. BBVA participates in various activities and announces the second installment of EduFin Talks, taking place in Madrid on Tuesday, October 8.
26 Sep 2019
New technologies are catalysts for change, but the full benefits will only be available to those with a good financial and digital education. Verónica López Sabater, director at the International Financial Analysts Foundation (AFI) champions digital technologies as a means to facilitate financial inclusion and as a source of opportunities for all.
20 Sep 2019
Summer vacation is the best time to include some fun and educational activities on financial literacy in children’s games. This way, almost without realizing it, little ones can learn basic concepts like saving and consumption that will be very useful to them in the future.
03 Sep 2019
One would think that a good financial education, in and of itself, would be enough to properly plan for retirement. However, research conducted by the Mexican Association of Pension Fund Managers (AMAFORE) and supervised by Jean Paul Madrigal, reveals something more is needed. The BBVA Center for Education and Financial Capabilities awarded this retirement planning research project one of its inaugural BBVA EduFin Research Grants.
22 Aug 2019
A large percentage of the Spanish population is not familiar with some basic financial concepts that are essential for making investment or borrowing decisions. This was one of the key takeaways shared by Pablo Hernández de Cos, Governor of the Bank of Spain, during his presentation at EduFin Summit 2019, the yearly leading global financial education summit organized by the BBVA Center for Financial Education and Capability.
19 Jul 2019
Behind an event like the 2019 EduFin Summit, the global summit on financial education organized by BBVA’s Center for Financial Education and Capability, is a great team making sure that everything runs like clockwork. Their work is essential to ensure that the audience, from 23 different countries, enjoys this important event. An event where anecdotes and a sense of humor have their place. This is the backstory of the 2019 EduFin Summit.
16 Jul 2019
BBVA city in Madrid has hosted the EduFin Summit 2019, the important world summit on financial education organized by the BBVA Center for Financial Education and Capability. Over 30 industry experts from 16 different countries attended this significant event, along with 250 attendees. Over two days, the participants have shared their knowledge and experience in digitalization and financial education as drivers to generate opportunities for everyone.
12 Jul 2019
BBVA Group executive chairman Carlos Torres Vila defended the role of education in general and financial education in particular to fight poverty and enhance people’s well-being. “Education in general is the best driver to end inequality and promote a sustainable development. It’s the simplest way to bring the age of opportunity to everyone – especially those who are most vulnerable,” he said on the second day of the BBVA EduFin Summit 2019 being held in Madrid.
11 Jul 2019
José Manuel González-Páramo, BBVA Executive Board Member and Head of Global Economics & Public Affairs, opened in Madrid the third edition of Edufin Summit, the annual event organized by BBVA’s Center for Financial Education and Capability. In his speech, he noted that financial education is becoming especially relevant today, at a time when we’re seeing disruptive change everywhere.
10 Jul 2019
In an interview with the newspaper La República de Colombia, José Manuel González-Páramo, Executive Board Member and the Head of Global Economics, Regulation and Public Affairs at BBVA, stressed the importance of digitization and its impact on people’s well-being.
In this interview, José María Roldán, Chairman of the Spanish Banking Association (AEB), emphasizes the need to make sure that “no one is left out of the digitization process and the opportunities it creates”. Just a few hours before the opening of the third edition of the EduFin Summit – which will be held at Ciudad BBVA, the bank’s corporate headquarters in Madrid, on July 11 and 12 – the AEB Chairman weighs in on the financial sector’s approach to user confidentiality matters: “It is something that is ingrained in our DNA. And this is something that is not that clear in the case of many tech operators, whose main source of income is selling data,” he says.
08 Jul 2019
BBVA is holding the leading international event on financial education. The third edition of the 2019 EduFin Summit will take place on July 11th and 12th, with the participation of BBVA Group executive chairman Carlos Torres Vila; Bank of Spain Governor Pablo Hernández de Cos; and Spanish Banking Association (AEB) Chairman and CEO José María Roldán. Over 30 global experts from 16 countries will debate how the digital revolution can contribute to people’s financial well-being.
04 Jul 2019
Flore-Anne Messy, the Head of the Insurance, Private Pensions and Financial Markets Division at the Organization for Economic Cooperation and Development (OECD), views digitization as a source of opportunity and the best guide for financial institutions to design products that are increasingly customized and adapted to the needs of consumers and businesses. Messy is one of the most respected voices in the world for financial education. She will participate in the 2019 EduFin Summit, the financial education summit BBVA will hold in Madrid on July 11th and 12th.
02 Jul 2019
The generation born between 1981 and 1994, known as Millennials, is reaching maturity in an ever-changing and very complex world where new technologies set the pace with increasingly sophisticated financial products and services. Today young people are looking for new sources of financial education to ensure they plan their finances properly.
18 Jun 2019
BBVA Edufin Research Grants 2019 announces the financial education research proposals that will benefit from the envisaged funds in this second edition. A total of €50,000 will be distributed among the five shortlisted projects to support them in developing their social and innovative approach to the issues they address.
13 May 2019
The Edufin Summit, the preeminent summit on financial education and skills, returns for another year, bringing together the world’s leading experts in the field. This year Madrid has been chosen to host the global meeting, organized by the BBVA Center for Education and Financial Capabilities to be held on July 11 and 12.
07 May 2019
Darren Easton, Senior Director at the Center for Financial Services Innovation (CFSI), is one of newest members of the Center for Financial Education and Capability’s Advisor Council. Excited about this new role, Easton will bring his valuable knowledge in financial health, finance and communications to the Center.
30 Apr 2019
April 25 was the submission deadline for BBVA EduFin 2019’s call for research proposals. This year, a total of 38 applications have been received, more than doubling last year’s 17 submissions. This increase in submissions showcases the appeal of this initiative among the research community, and underscores BBVA’s commitment to financial education.
26 Apr 2019
There is no doubt that big data is transforming the financial industry, helping it overcome the challenges of today’s society. Nonetheless, given the fact that one of its fundamental objectives is to obtain data — albeit to improve customer satisfaction — it still causes some people to have misgivings because it is perceived as an intrusion of their privacy.
25 Apr 2019
2018 was another year of commitment to financial education at BBVA. Over the year, the bank supported a variety of different programs and initiatives to help people get the financial skills and abilities they need to make informed decisions.