The Legal 500, a leading international legal publication, has named the industrial and intellectual property team of BBVA’s corporate legal services as one of the 100 most relevant legal advisories in Spain and Portugal. The study lists BBVA under the finance category, along with companies from other sectors such as the utility, hospitality, healthcare and IT industries.
José Manuel González-Páramo, Executive Board Member and the Head of Global Economics, Regulation and Public Affairs at BBVA, attended a reception for the Carolina Foundation’s 2018-2019 scholarship recipients. There he explained the changes that could affect jobs in this age of constant digital transformation and stressed BBVA’s commitment to Latin America.
BBVA’s Group executive chairman announced today that the bank’s goal is for all products to offer a sustainable option – both for large corporations and institutions, and SMEs and individual customers. The bank plans to reach this goal throughout 2020 for its main products sold in Spain.
BBVA executive chairman Carlos Torres Vila met today with Mexican President Andrés Manuel López Obrador at the National Palace in Mexico City. Torres Vila conveyed BBVA Group’s commitment with Mexico to the Mexican president and announced an investment of 63 billion pesos (about €2.9 billion at today’s exchange rate) for the 2019-2024 period. During that time, BBVA will continue to contribute to Mexico’s economic growth by providing loans to families and businesses.
BBVA is consolidating its leadership in Europe’s green financing market by signing a EUR 25 Mn bilateral green loan with Katoen Natie, a Belgian logistics and engineering company. This transaction represents an important landmark as it is the first green financing closed in Belgium by BBVA. Furthermore, BBVA is not only acting as lender but also as advisor on their Sustainable Finance Framework. The loan is in favour of a subsidiary of Katoen Natie for an innovative industrial recycling plant which will result in the recycling of chemical residues while also recovering materials and producing energy for neighboring industries.
BBVA Group Executive Chairman Carlos Torres Vila underscored the Group’s strong commitment to Mexico today. Speaking at the bank’s annual Meeting of Regional Advisors, he noted that the Group has made considerable investments in the country, while sharing its expertise and talent, always focusing on the goal of creating opportunities for Mexican companies, families and its society as a whole. “Mexico has grown with BBVA, and BBVA has grown with Mexico,” he said.
How is the electricity market changing with the arrival of renewable energy? How will green energy and its marketing evolve? Are companies advancing in the transition to a decarbonized economy at the pace the planet needs? These are some of the questions posed in the event organized by the newspaper El País “Marketing renewable energy” on June 6th.
The European Central Bank (ECB) announced at yesterday’s meeting its future guidance on rates, which will remain on hold at least until the first half of 2020. As noted by BBVA Research in its ECB Watch report, the ECB is open to adopting further measures if necessary. The ECB also announced the conditions of its TLTRO-III liquidity line.
This week marks yet another milestone for BBVA in the European green financing arena. ESB, the leading Irish Utility, has chosen BBVA to act as green structuring bank and joint bookrunner in their inaugural EUR 500 million green bond. This is the first ever green bond issued by an Irish corporate and the net proceeds from the transaction will be destined to finance eligible green projects, mainly under the following categories: renewable energy, energy efficiency, clean transportation and green buildings.