John Rutherford, the Global Head of Public Affairs at BBVA, chairs the Chamber of Commerce's new European Affairs Committee, which has been set up to make the European Union's recovery plans accessible to Spanish companies. The Committee, which comprises more than 25 major companies and institutions, was unveiled in the presence of Josep Borrell, the EU's High Representative of the Union for Foreign Affairs and Security Policy.

BBVA’s goal is to make the opportunities of this new era available to everyone. Being connected and having operational capabilities from anywhere in the world is more important than ever given the circumstances. The correspondent banking team, also known as International Financial Institutions (IFI), is a key part of this endeavor.

BBVA shareholders backed the possibility of redeeming up to 10 percent of the bank’s share capital, equivalent to 667 million shares, with 99.6 percent of the votes at the Annual General Meeting (AGM) held in Bilbao today. This item on the agenda aims to be able to implement a relevant share buyback, as means of distribution to shareholders.

BBVA’s Shanghai branch has closed its first corporate loan in the Chinese currency renminbi (RMB) with Toyota Motor Finance China. The loan is a short term working capital loan to support Toyota’s corporate activity in the country. The transaction represents an important milestone for BBVA as it is the first one that the bank executes in the local currency after obtaining its renminbi licence in China.

Asia has become the world’s fastest growing economic region of the 21st century and currently plays a central role when it comes to decarbonization and global supply chains.

In 2023, the region accounted for 60 percent of global economic growth and one out of every two billion dollars of investment, according to UNCTAD data. According to Fitch, by 2050, five of the world’s 10 largest economies will be in Asia.

Driven by their domestic growth, Asian corporations have been significantly expanding their global presence and now make up more than 40 percent of the world’s largest companies, based on Fortune 500 revenues. This internationalization has accelerated under the phenomenon known as nearshoring, where producers seek to move closer to their end consumers. This has prompted many Asian companies to set up in countries where BBVA has a universal bank, such as Mexico, Spain and Türkiye.