BBVA customers now use digital channels to make 51 percent of their investment fund transactions. Both the bank’s web site and its mobile application have various tools that help customers make decisions about their savings and investments.

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.

The Basel Committee has designed two liquidity ratios to ensure that financial institutions have sufficient liquidity to meet their short-term and long-term obligations: LCR and NSFR. These two requirements are intended to reduce risks in case of episodes of financial turbulence.

BBVA has reported its second quarter results for 2019, revealing positive dynamics in the business, as explained by the Group’s CEO. Onur Genç stressed the bank’s continued progress in its transformation process, which is having a “clear impact on the growth of the customer base, customer loyalty, efficiency, and the customer experience.”

Between January and June 2019, BBVA Group earned €2.44 billion. In the second quarter, the net attributable profit reached €1.28 billion, up 10 percent qoq, and 6 percent yoy, excluding the sale of BBVA Chile, thus maintaining the same business perimeter (or +2.6 percent including Chile). The results were driven by a solid evolution of more recurring revenue items, with a double-digit growth of the net interest income, and lower impairments on financial assets.

Ana Fernández Manrique has been named Global Head of Regulation & Internal Control, replacing Eduardo Arbizu, who is leaving the company after a successful career at BBVA of nearly 20 years.

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.

Following the request from Spanish Public Prosecutor’s Office’s on July 24th, the Central Investigating Court number 6 of the National High Court today declared BBVA as an investigated party of piece number 9 of the ‘Tándem’ case -which is under secrecy order- for bribery, unveiling and revelation of secrets and business corruption. The condition as an investigated legal entity does not imply -in this preliminary phase of the process- a formal accusation for any crime.

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.