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Business economics and corporate information
Francisco González, Chairman and CEO of BBVA, has presented the book Reinventing the Company in the Digital Age, which is a compilation of reflections from prominent specialist in different fields of knowledge on how the revolution spurred by information technology is transforming the way we work and do business.
During the second version of Digital Bank, entrepreneurs from several Latin American countries presented technological solutions for effective operation and communication of banks with their internal and external customers. These are some projects and the winner.
BBVA was distinguished in the “e-Commerce Awards Paraguay 2015” as best bank in the category of “Financial Services and Online Banking”, organized by the Latin American Institute for Electronic Commerce and coordinated locally by the Paraguayan Chamber of Electronic Commerce (CAPACE) and the Paraguayan Industrial Union.
Business economics and corporate information
BBVA is the first bank in Spain to hold an international developer competition, known as ‘datathon’, inviting developers to build new services, applications and contents based on its card transaction data. Innova Challenge provides third parties with data from cards and BBVA point-of-sale terminals in Madrid and Barcelona, in an anonymous way and in compliance with privacy regulations. This initiative is a first step to open the BBVA platform in order to promote innovation inside and outside the bank.
Two London-based fintech start-ups - Everledger, which uses the Blockchain to record ownership of valuables, and Origin Markets, a platform which directly connects corporate bond issuers with institutional investors - have won the 2015 BBVA Open Talent Europe final. OpenTalent, now in its 7th year, seeks to support the fintech ecosystem by finding and supporting the best start-ups across the world, and is part of BBVA’s work to transform its business using digital technology.
The winners of BBVA Open Talent Latin America have been announced. Bitnexo was chosen for its blockchain-based payments solution for companies trading with Asia, and Destacame.cl, which has already been recognized with the Special Financial Inclusion Award, won top honors for its system which creates credit risk profiles based on bill payment histories for basic services.
BBVA has opened a representative office in Jakarta (Indonesia), through which it will help Spanish companies enter this market with massive potential. The new office, which started operating at the end of August, also aims to be a strategic platform for detecting business opportunities in the country.
BBVA wins ‘silver’ mention in the ‘Best online report 2014,’ in the International/Unlisted (in the London stock exchange) category in this year’s edition of the ‘The Corporate & Financial Awards’. This report also received an ARC Award and was shortlisted for the Digital Impact Awards.
BBVA more than doubled its net attributable profit in the first half compared to the same period a year earlier, totaling €2.76 billion (+107.7%). Without including the results from corporate operations (CNCB and Catalunya Banc), net income grew 52.9% year-over-year between January and June to €2.03 billion thanks to strong recurring banking revenues.
BBVA earned €1.33 billion in the first half of 2014, 53.9% less than in the year-earlier period, due to the absence of corporate operations. Without including such operations, net income from ongoing operations rose 11.7% to €1.54 billion. For the second quarter in a row, the Group’s NPA ratio fell. Net entries to NPAs from the banking business in Spain were negative in the second quarter.
