In an opinion piece published by the Spanish daily newspaper ‘ABC,’ BBVA CEO Onur Genç asserts that Spanish banks are recognized international leaders in the sector, not only because of their financial solidity and global reach, but also because they have spearheaded the transformation of the industry.

BBVA’s Turkish unit successfully refinanced a syndicated loan on Friday, with demand exceeding the initial transaction amount.  The new facility is comprised of $229.5 million and €518.8 million with a 367-day maturity.

BBVA today testified before the Central Investigating Court number 6 of the Spanish National High Court. The declaration, that will continue at a later date, is yet another example of BBVA’s commitment to full cooperation with the judicial authorities, to whom it has provided documents since the onset of the case, proactively sharing the information obtained from the forensic investigation, carried out by Garrigues, Uría Menéndez y PwC.

Bank of Spain today notified BBVA about the new MREL requirement that the bank will need to comply with starting January 1, 2021. According to BBVA estimates, the current structure of own funds and eligible liabilities in its balance sheet is in line with this MREL requirement, as well as the new subordination requirement.