BBVA’s Turkish unit successfully refinanced a syndicated loan on Friday, with demand exceeding the initial transaction amount.  The new facility is comprised of $229.5 million and €518.8 million with a 367-day maturity.

Luisa Gómez Bravo, currently BBVA’s Global Head of Corporate and Investment Banking (CIB) — the bank’s wholesale banking department — has an extensive track record in banking. After graduating in law and business administration at ICADE in Madrid, she worked for several years in London for American investment banking firms and in 1998 she moved to BBVA. Since then, she has held various management positions at the bank, and at the end of 2018, she was appointed head of the investment banking unit.

She is passionate about broadening her professional experience by taking on new challenges that arise each day. “I like spreading this enthusiasm and ambition to the BBVA CIB team because I believe that we have a great culture of leadership and an enormous capacity to take on the challenges and opportunities that lie ahead,” she says.

Luisa demonstrates this same passion in her personal life. She enjoys spending the weekends with her husband and four children, ensuring she gets as much quality time with them as possible.

BBVA today testified before the Central Investigating Court number 6 of the Spanish National High Court. The declaration, that will continue at a later date, is yet another example of BBVA’s commitment to full cooperation with the judicial authorities, to whom it has provided documents since the onset of the case, proactively sharing the information obtained from the forensic investigation, carried out by Garrigues, Uría Menéndez y PwC.

Bank of Spain today notified BBVA about the new MREL requirement that the bank will need to comply with starting January 1, 2021. According to BBVA estimates, the current structure of own funds and eligible liabilities in its balance sheet is in line with this MREL requirement, as well as the new subordination requirement.

In recent months, the term MREL (which stands for Minimum Required Eligible Liabilities) has been appearing more and more frequently in business and economic news outlets. We see it being used repeatedly in bank-related reports, but what is behind this acronym?

BBVA’s third quarter results exceeded analysts’ consensus by seven percent, mainly due to higher gains on financial transactions, and to a lesser degree, improvement in earnings from fees.

BBVA has been named sustainable finance bank of the year by international magazine LatinFinance. The publication recognized the bank’s performance in the region, notably the experience, creativity, and drive demonstrated by its teams as they promote sustainable finance.

The bank’s chief executive officer, Onur Genç, wants Spain’s contribution to BBVA Group profit to continue to grow. “Our ambition for Spain is to have continued growth,” he stated in the 2019 Q3 results press conference.

BBVA’s 3Q19 earnings reveal how core revenues of the banking business –net interest income and net fees and commissions– keep growing steadily. BBVA CEO Onur Genç noted the impact that digital transformation is having on the business. “We’re leveraging digital transformation in everything we do to create a competitive advantage,” he pointed out.

BBVA earned €1.23 billion in the third quarter, +6.1 percent yoy, excluding capital gains from the sale of BBVA Chile and this franchise’s earnings in 2018. The net attributable profit for the first nine months of 2019 reached €3.67 billion, +1.2 percent yoy (+0.5 percent in constant euros), on a comparable basis. The result was driven mainly by growth in recurring revenues and containment in operating expenses.