Simple, a subsidiary of BBVA USA, today announced its automatic savings program, Round-up Rules, reached a benchmark of more than $1.2 million in customer savings accounts.
Global Finance recognizes BBVA USA’s treasury and cash management services for second consecutive year
For the second consecutive year, Global Finance magazine has recognized BBVA’s treasury and cash management services, naming the bank as the Top Treasury and Cash Management Provider in the Southwest for 2020.
The 2019 bond market was marked by record levels of bond issuance, exceeding the 2018 volume issued in Spain by 29 percent. Also noteworthy, the green, social, and sustainability bond issuance activity saw impressive positive performance, with a volume of close to €230 billion worldwide. BBVA stood out as the most active player with a green bond issuance volume of above €3.3 billion.
Customer Net Promoter Scores continued upward growth for BBVA USA’s Global Wealth team in 2019
BBVA USA’s Global Wealth team saw a continued growth in customer satisfaction in 2019, reporting solid Net Promoter Score via its Voice of the Client Experience Program.
On Friday, January 31st, BBVA presented its 2019 results. The net attributable profit for the fourth quarter - excluding the impact from the goodwill adjustment in the U.S. - was 10 percent higher than consensus forecasts thanks to a higher net interest income and net trading income (NTI). In terms of the breakdown by geographic areas, Spain, Mexico and Turkey stand out for their strong performance.
Recurring revenues (net interest income and net fees and commissions) continue growing robustly, reaching a record high in 2019. According to BBVA Group executive chairman Carlos Torres Vila, the bank obtained outstanding results despite a macroeconomic environment that was more complex than expected. “Looking toward the future, at BBVA, our goal will be to dig deeper into our strategy, integrating the interests of customers, employees, shareholders and society as a whole, balancing economic, social and environmental perspectives in everything we do,” he indicated.
BBVA Group earned €4.83 billion excluding one-time items in 2019 (+2.7 percent from the previous year), the highest figure since 2009. The results were driven by an increase in recurring revenue and the containment in operating expenses. Including the impact of the goodwill adjustment at its U.S. franchise in 4Q19 and the capital gains from the sale of BBVA Chile in 2018, the net attributable profit declined 35 percent yoy, to €3.51 billion. The bank is to propose for the consideration of the competent governing bodies a gross cash dividend of €0.16 per share to be paid in April 2020, maintaining the same amount as the previous year.
Statement on BBVA 4Q19 earnings from Group Executive Chairman Carlos Torres Vila
Carlos Torres Vila, Group Executive Chairman:
ROTE or “Return on Tangible Equity” is a ratio that helps measure a company's profitability.