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Finance

Finance

Credit cards are a useful financial tool that can be utilized in various situations.

However, not everybody carries a credit card. Some people may want to simply use a debit card, or some may not have a good enough score required to obtain a credit card. This could prove difficult in certain situations – especially when trying to rent a car.

Within the context of a complex environment, BBVA leads the digital transformation of banking and is evolving its business model in order to create value for its various stakeholders. This is how Jaime Sáenz de Tejada, Global Head of Finance at BBVA, summarized the bank’s position at the 26th Financial Sector Summit (XXVI Encuentro del Sector Financiero), organized by Deloitte in Madrid. “Our business model is creating more value for customers and shareholders,” he said.

The green bond BBVA issued in May 2018 has helped reduce CO2 emissions by 274,609 tons since its launch in May 2018, with another 106,539 tons estimated for 2019. It also generated 558 GWh/year of renewable energy. The bank has allocated one billion euros obtained from wholesale markets to finance renewable energy and sustainable transportation projects, according to the first bond monitoring report the BBVA Group recently published.

BBVA recently held the ninth edition of its ‘BBVA Latin America Conference’ in New York. The annual event gathered private and public debt issuers from Latin America and investors from North America to explore new joint business opportunities in the region. The political and economic situation as well as the impact of the elections, especially in Mexico and Argentina, were two of the main topics covered during the conference.