The Extel Survey, recognized as the foremost independent evaluation of the European investment industry, revealed its 2019 results with Garanti BBVA named as Turkey's ‘Best in Investor Relations.’

BBVA’s legal representative Adolfo Fraguas today concluded the bank’s declaration before the Central Investigating Court number 6 of the Spanish National High Court. As he did in the previous declarations (November 20 and 28), Fraguas responded extensively to all questions posed, and once again pleaded that the bank bears no responsibility for the facts under investigation.

Beachbox Hotelco has become the first company in Spain’s hospitality sector to sign a sustainable project finance loan to finance the construction of the Six Senses Ibiza hotel. BBVA served as sustainable coordinator in the €55 million syndicated loan for the financing of the project. BBVA and Caixabank will each contribute 50 percent of the funds.

The global economy is in the mature phase of the cycle, with an outlook for growth below potential in most countries. However, the rise in stock exchanges in 2020 should be largely due to valuation and, to a lesser extent, profit. "For the first time in recent years we see more potential in the European stock exchanges than in the S&P 500," said Joaquín García Huerga, head of Global Strategy at BBVA Asset Management, during the presentation of "Market Vision 2020."

BBVA launches ESIConnect, a new platform for portfolio, securities and fund service in order to give coverage to investment firms and their customers in the framework of the advisory and discretionary portfolio management services the investment firms provide them.

Garanti BBVA recently took part in Turkey’s 2019 Bonds, Loans & Sukuk Conference in Istanbul, where participants discussed the latest developments in bonds, syndicated loans and ‘sukuk’ markets. Sukuks are financial certificates, similar to bonds, that comply with Islamic law, or Sharia principles.