BBVA has reached an agreement with Banco GNB Paraguay, a unit of Grupo Financiero Gilinski, to sell 100% of its capital in BBVA Paraguay, for about 270 million dollars (about 240 million euros). Said price is subject to the regular adjustments for these kind of transactions between the signing and closing dates of the transaction.

BBVA CEO Onur Genç stated, "Today we are pleased to present excellent results.” He made the statement after BBVA reported 2Q19 results, announcing a net attributable profit of €1.28 billion, up 10 percent from the previous quarter and 6 percent yoy, excluding the sale of BBVA Chile. “We are once again leaders in terms of profitability, coming out ahead of comparable European peers,” he stressed.

Garanti BBVA has released its financial statements through June 30, 2019. Based on its consolidated financials, the bank posted a net income of 3.7 billion Turkish Lira (TL) in the first half of the year.

Grupo Piñero, a Spanish group dedicated to the vacation industry, closed a bilateral sustainable financing deal with BBVA. The bank acted as the sustainability coordinator. The agreement involves a €20 million revolving credit facility (RCF), which is aligned to the tourism company’s firm commitment to holistic and long-term strategic sustainability.

The European Central Bank’s statement and press conference, following the monetary policy meeting held on Thursday, July 25, was one of those examples of pre-announcement of upcoming measures. “It seems quite clear now that a depo cut will be decided soon (we expect it for September now),” says BBVA Research in its latest ECB Watch report.

BBVA served as sole sustainable agent in the first syndicated revolving credit facility in Latin America, signed with Fibra Uno, a strategic client for the bank. The transaction is also the first sustainable transaction by a real estate business in the region and the first facility to be arranged in accordance with the 'Sustainability-Linked Loan Principles’ in Latin America. BBVA was also the joint bookrunner and lead arranger in the transaction, which involved a  total of 11 banks.