BBVA’s Group executive chairman underscored the urgency of reactivating the economy to prevent damage that could be irreversible - something we should do standing “united and with consensus.” At an event organized by the Spanish Federation of Businesses (CEOE), Carlos Torres Vila indicated that “private investment is crucial to a digital, data-based, social and sustainable future.”

The BBVA USA Houston market, in line with its emphasis on employee development, has promoted Estefanía Gallardo from Relationship Support Specialist to Commercial Relationship Associate.

The COVID-19 healthcare crisis has changed all of our lives, both personally and professionally. The situation in the financial markets has not been easy; it has required new ways of doing things and has forced us to rapidly adapt to a context where both client demand and the type of products they need has changed. Many corporate clients have needed liquidity and have looked to banks to take exceptional steps to help their businesses weather the crisis. BBVA has been there for our clients the whole time. In a new installment from the series ‘The Essentials of BBVA,’ Cristina, Sandra, and Maria tell us about their experiences during the crisis, what kind of support they have provided their clients, and how they have faced the unique challenges of this situation.

During the coronavirus crisis, digital functionality has been critical for keeping the financial system up-and-running and facilitating quality customer care under extraordinary circumstances, even while the pandemic dictated minimal physical contact. This represents a sign of success for the sector’s digitization efforts and should also serve to make further regulatory progress.  So concluded a virtual meeting dedicated to Europe's future digital finance strategy, ‘Digital Finance Outreach,’ organized by the European Commission in collaboration with Spain’s Treasury Department.

BBVA’s CEO sat down with Turkish news agency Anadolu to discuss the current scenario facing Turkey’s economy and banking system. Onur Genç expressed his optimism regarding Turkey's progress at the economic level and considers that banks are in good shape to face this crisis. Digitization, in his opinion, will be key for banks in the current scenario. In this sense, he cited Garanti BBVA as an example of a digital leader, with almost nine million digital customers, eight million of whom are mobile.

BBVA placed a €1 billion  inaugural COVID-19 social bond on the market today, making it the first private financial institution in Europe to do so. Demand was close to €5 billion, nearly five times more than the initial offer. The funds will be primarily allocated to mitigating the severe economic and social impact caused directly and indirectly by the COVID-19 pandemic. The interest rate was set at 112 basis points over mid-swap, 33 basis points below the initial target price (145 bps over mid-swap).