Finance
Finance
In June, BBVA’s Group executive chairman held a round of meetings with the bank’s teams in Spain, Mexico, the U.S. and Turkey. At the meetings he went over the situation in each country and shared future challenges. “The pandemic will serve to accelerate our strategic priorities - digitization, data and sustainability - as well as the search for new ways of working,” he explained.
BBVA, acting as sole sustainability coordinator, has advised the German energy company EnBW to incorporate environmental and social criteria into its core bank financing. This characteristic underscores the company’s sustainable commitment. The financing agreement turns EnBW into one of the first corporations in the world to include sustainability across its entire financing spectrum. EnBW has issued three hybrid bonds and one green bond since 2018; BBVA acted as active bookrunner in the green bond and in one of the hybrids.
BBVA's teams in Asia and Colombia secured this cross-border transaction, which will allow Asian client China Harbour Engineering Company Limited (CHEC) to build, operate and service line 1 of the Bogota subway. The landmark agreement will contribute to financing the largest infrastructure project in Colombia’s history, and is also the most ambitious cooperation project the country’s ever signed with China. The transaction is the first one certified by BBVA in Asia in compliance with its sustainable transactional banking framework.
Financial and commercial services
Quality Funds, the best pan-European investment fund platform according to the 2020 Platforum report
Quality Funds, BBVA’s platform specialized in international funds, was named the best pan-European platform specialized in investment funds, according to the prestigious 2020 report by Platforum.
Olga Gouveia, lead economist for Financial Systems at BBVA Research, wrote an op ed piece for the Spanish daily paper, Expansión, where she gave a positive appraisal of the European Central Bank liquidity auctions. The ECB auctions aim to increase lending in order to address the impacts of the COVID-19 crisis.
BBVA has joined a campaign launched by Spain's government to promote the country’s brand abroad.