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Finance

Finance

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.

The “BBVA Pensiones V” fund received the award for best equity pension fund in the annual event organized by the magazine, Investment & Pensions Europe (IPE). The same fund was a finalist in the ‘Emerging’ category, while the Enagás pension fund — also managed by BBVA Asset Management — was a finalist in the ‘Passive Management’ category.