BBVA Mexico has launched BBVA Invest, an innovative and personalized digital advice experience that offers customers and clients access to investment fund portfolios based on their investment goals and risk tolerance assessment.

In 2019 BBVA Corporate & Investment Banking took a decision to boost its equities business for institutional and corporate clients. Since then the bank has been working on two vectors: on one hand, developing its equity investment products factory; and on the other, revamping its digital solutions for product distribution. In this line, and to further advance in its growth plan, the BBVA global equities business opens two trading and sales hubs in Hong Kong and in New York.

On July 30 BBVA reported a €1.29 billion profit in the 2Q of 2021, excluding non-recurring impacts. This figure is 35 percent higher than consensus estimates by analysts, who view the strong set of results and forecast improvements, particularly for CoR in main business areas, as upbeat.

Sending money from one side of the globe to the other is apparently very simple, but cross-border payments pose a real challenge. Making international transfers quickly and safely requires a complex structure in which relationships with other financial institutions are essential. The International Financial Institutions area at BBVA has a team of bankers that promotes the creation of a global network of banks that provides customers with the possibility of making international investments and transactions.

BBVA has once again stood out in the latest stress test carried out by the European Banking Authority (EBA). In the adverse scenario BBVA’s fully-loaded CET1 capital ratio at the end of the assessment period (2021-2023) would be reduced on  303 basis points (bps), an impact considerably lower than the 50 European banks average analyzed on the stress test (485 bps). BBVA is the bank with the second lowest impact on capital among comparable European peers. In the baseline scenario, BBVA would generate 128 bps of capital, to reach a fully-loaded CET1 capital ratio of 13 percent in 2023.

The BBVA Group’s attributable profit reached €2.33 billion between January and June 2021, excluding non-recurring impacts from the results generated by the sale of BBVA USA and the net costs of the restructuring plan in Spain. This figure is 146 percent higher than the one from 1H20 (+183 percent at constant exchange rates). Including these non-recurring impacts, the attributable profit stood at €1.91 billion, a figure that compares very favorably with the €1.16 billion loss recorded in the same period of the previous year amidst the pandemic breakout. These earnings were made possible thanks to revenue strength, particularly those linked to the bank’s core activity (net interest income and fees and commissions), as well as lower impairments vs. 1H20. Following the sale of the U.S. subsidiary, BBVA maintains a solid capital position, with a fully loaded CET1 ratio of 14.17 percent. The Group has also set the date for its Investor Day, on November 18, 2021, an online meeting where it will share its strategy and goals with the investment community.