Finance
Finance
Corporate and investment banking focus its activity on financing the development of enterprises and corporations and catering to their investment needs. Wholesale clients – which can be anywhere from different-sized companies to financial institutions or institutional investors - require more sophisticated financial products, either because of their size or the nature of their activity. In this guide we take a look at eight basic concepts that will help you understand the fundamentals of this business.
Financial and commercial services
Garanti BBVA and Doğan Holding together break new ground in payments
Doğan Holding's subsidiary Suzuki Motor Vehicles Marketing Inc. became the first Turkish company to use Garanti BBVA's Global Payments product featuring SWIFT FileAct.
This week, BBVA sold two of its largest portfolios of written-off loans. Following the sale of “Project Juno”, the bank signed the transfer of a portfolio comprised of loans to small and medium sized enterprises (SMEs) with an approximate gross value of €2.1 billion.
According to current available data and profits forecasts, BBVA estimates a potential negative adjustment in the goodwill value at its U.S. business unit. This adjustment is mainly related to the evolution of U.S. interest rates and the economic slowdown in that country. The accounting adjustment has no impact on tangible net equity, capital, or liquidity of BBVA Group, nor on its ability to distribute dividends or the amount of the dividend payment, which will be proposed to the Board of Directors for its approval.
BBVA has signed the sale of a written-off loan portfolio (mostly consumer loans) worth a gross total of €2.5 billion. The transaction is BBVA’s biggest ever of this kind to date.
To what extent does having a bank account while still a minor— without parental oversight or control of other guardians — influence one's life? This is one of the principle questions answered by research conducted by Carly Urban of the University of Montana and selected by the BBVA Center for Financial Education and Capability during the first installment of the BBVA EduFin Research Grants.