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Finance

Finance

resultados vela ciudad recurso bbva

BBVA Group paid €4.5 billion in worldwide tax on its own business activities in 2018, 10 percent more than in 2017. According to BBVA’s Total Tax Contribution Report, its total contribution (which is the total of the bank’s taxes and those made on behalf of third parties) rose to €9.8 billion. Since 2011 BBVA, in accordance with its commitment to transparency with customers, shareholders, employees, and society as a whole, has voluntarily released its tax information.

One lesson from the crisis is just how important it is for international standards like Basel to be applied uniformly across countries. Furthermore, decisions related to compliance with standards, such as equivalence or mutual recognition through which countries declare that their regulations are aligned, should not be left to the full discretion of national authorities. Reports international authorities already carry out could be used for this purpose, allowing countries in adherence with the standards to receive equivalence, or mutual recognition.

Global Finance magazine named BBVA the best bank in Latin America, and the best bank in Peru in 2019. According to the publication, over the past year BBVA has stood out for numerous factors, including its customer service, risk management, the range of products and services it offers and the intelligent use of technology.

At his first Annual General Meeting (AGM) as Group executive chairman of BBVA, Carlos Torres Vila was re-elected as a Board member with more than 98 percent of the votes, according to the definitive data of the votation. The shareholders meeting in Bilbao today also supported the appointment of Onur Genç as a Board member of the BBVA Group with 99 percent of the votes. A large number of institutional and minority shareholders participated in the voting, with a quorum over 64 percent.

Carlos Torres Vila, Group executive chairman

  • Impact on society: “The future of banking lies in financing the future. At BBVA we want to define the new way of banking that the communities we serve are calling for and need”
  • Transformation: “In 2018 we reached a pivotal milestone: to surpass the threshold of 50 percent digital customers”
  • Dividend: “The strong results allow us to increase the dividend. At this Annual General Meeting, BBVA is proposing a complementary dividend of €0.16 per share, to be paid in April this year.” The total dividend for the year amounts to €0.26 per share, a 37 percent payout of the bank’s profit

Onur Genç, Chief executive officer

  • Digitization: “We began our transformation ahead of the curve, and we are already reaping the benefits of this foresight”