BBVA is now the leading shareholder in Garanti, Turkey’s largest bank in terms of market capitalization. After completing the transaction announced last November to acquire an additional 14.89% holding, the BBVA Group now owns to 39.90% of Garanti. Francisco González is in Istanbul due to the closing of the transaction and the appointment of the new Garanti CEO.
Gema Sacristán heads the Financial Markets Division at the Structured and Corporate Finance Department at the IDB, the area responsible for development and capital markets, financing foreign trade, and relations with financial intermediaries –mainly banks and mutual funds.
The BBVA Group has taken a major step in its commitment to its domestic market by acquiring Catalunya Banc through an auction held by the Orderly Bank Restructuring Fund (known as FROB). The move doubles BBVA’s market share in Catalonia and makes it the most relevant player in the sector in Spain. The acquisition will have a positive impact on the Group’s results in 2016.
Euromoney named BBVA as best bank in Latin America in the 2015 edition of its Awards for Excellence. Euromoney acknowledges the bank’s successful evolution and solid business results in the region. In this edition, BBVA has also been recognized as the best bank in Peru and best bank in Paraguay. Regarding investment banking, BBVA has been chosen as best debt house in Spain.
64 million people hold mobile money accounts in Sub-Saharan Africa. Beyond the M-Pesa app, which has been such a huge success in Kenya, here we examine some of the other startups that are thriving in Africa.
BBVA chairman stated this morning that “investing in the digital ecosystem is investing in our future.” Francisco González is taking part in the Wired Money 2015 summit, held at the British Museum in London, together with prominent figures of the digital ecosystem who are transforming the financial industry.