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Finance

Finance

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BBVA is now offering its shareholders the possibility of exercising their right to vote or the delegation of this right through three channels: the websites bbva.es and bbva.com, and the bank’s mobile banking app. These voting and delegation options are available from February 19th through March 12th. BBVA’s Annual General Meeting is planned for March 13th in Bilbao.

MAPFRE has strengthened its life-savings insurance product portfolio with the launch of Unit Linked Valor Activo III. The product is linked to the performance of the Eurostoxx index and to a BBVA social bond. The bank will devote the proceeds to fund social projects. With this new operation, BBVA is supporting the Spanish insurance company’s efforts in broadening its sustainable commercial offering.

BBVA today released its 2019 annual compensation report for its board members, the first that includes sustainability as a non-financial indicator in the variable compensation for the executive chairman. In 2020, the CEO will also have an indicator that will measure the bank’s strategic commitment to climate change and sustainable development. The 2019 compensation policy (applicable for 2019, 2020 and 2021) was already announced last year. It was approved with 94.8 percent of the votes at the Annual General Meeting in March last year.

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BBVA’s Executive Board Member analyzed in Frankfurt the main challenges that Europe will face in the decade ahead and how they will affect banks. José Manuel González-Páramo noted that, on top of political and economic challenges, Europe will need to tackle “the double disruption that digital transformation and climate change will bring” and which will impact not only its economy, but also its financial institutions.