Financial institutions are preparing to present Q3 2019 earnings. This week, it will be the turn of most Spanish banks, among them BBVA.

“The future of banking lies in financing the future.” With this phrase Carlos Torres Vila summed up his breakfast presentation, part of the “Finance and its challenges” series organized by the Deusto Business School in Madrid. According to BBVA’s executive chairman, social and environmental sustainability and the battle over customer data are the principle medium and long-term challenges facing the financial sector. "These challenges bring opportunities. Technology promises a bright future, and we have to seize the opportunities that come with it,” he maintained.

PSD2 is a European regulation for electronic payment services. It seeks to make payments more secure in Europe, boost innovation and help banking services adapt to new technologies. PSD2 is evidence of the increasing importance Application Program Interfaces (APIs) are acquiring in different financial sectors.

BBVA CEO Onur Genç said on Monday that the bank is focused on organic growth, efficiency and transactionality, all leveraged by digitization. “We are focused on these three levers to ensure we provide the best value,” he said at the 10th Expansión-KPMG Financial Meeting in Madrid. He also recalled that “we have been pioneering the digital transformation.”

Garanti BBVA is the industry leader in Turkey with its innovative retail banking products and services. As such, it was recognized as the Best Retail Bank in Turkey for the fifth year in a row by ‘World Finance,’ the internationally respected publication covering the global economy.

BBVA’s Board of Directors resolved today to approve the payment of an interim dividend for 2019, for a gross amount of €0.10 per share, to be paid on October 15.