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Finance

Finance

Detalle de la 'app' de BBVA en Italia

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.

Following the European Central Bank (ECB) decision to lift its recommendation limiting shareholders’ distributions, BBVA’s Board of Directors has resolved the payment of a cash interim dividend of €0.08 (gross) per share on account of the 2021 dividend, to be paid on 12 October 2021. The net dividend per share would stand at €0.0648. The bank will make this payment to its shareholders on October 12, 2021.

BBVA-2021-Emprendedores-Digital-campaña-productos-comercio-Mi Negocio BBVA

In line with BBVA’s commitment to SMEs and aware of entrepreneurs’ new needs, BBVA in Peru has launched the profile ‘Mi Negocio’ (My Business) on its app so that individuals with a business can manage their personal finances as well as finances for their businesses on the same platform.

Dividends are the best-known and most widespread formula used by companies to distribute a part of the profits among their shareholders. However, there are other ways. Following the European Central Bank’s decision to let COVID dividend recommendations expire on September 31, BBVA intends to resume its dividend policy, consisting of a cash 'pay out' in 2021 equivalent to 35 to 40 percent of profits. Furthermore, BBVA started taking the preliminary steps to roll out its 10 percent stock repurchase program, scheduled to begin in the end quarter of the year, subject to final approval by the supervisor[1].

In 2019 BBVA Corporate & Investment Banking took a decision to boost its equities business for institutional and corporate clients. Since then the bank has been working on two vectors: on one hand, developing its equity investment products factory; and on the other, revamping its digital solutions for product distribution. In this line, and to further advance in its growth plan, the BBVA global equities business opens two trading and sales hubs in Hong Kong and in New York.

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.

On July 30 BBVA reported a €1.29 billion profit in the 2Q of 2021, excluding non-recurring impacts. This figure is 35 percent higher than consensus estimates by analysts, who view the strong set of results and forecast improvements, particularly for CoR in main business areas, as upbeat.

Imagen original: GettyImages-transferencias-internacionales-mapa-mundo-tierra-paises-economia-cib-finanzas-operaciones

Sending money from one side of the globe to the other is apparently very simple, but cross-border payments pose a real challenge. Making international transfers quickly and safely requires a complex structure in which relationships with other financial institutions are essential. The International Financial Institutions area at BBVA has a team of bankers that promotes the creation of a global network of banks that provides customers with the possibility of making international investments and transactions.