Finance
Finance
In the first three months of 2015 more than 13 billion dollars were invested in the development of young American companies.
The Chairman & CEO of BBVA, Francisco González, stressed at the summit in Turkey that authorities should start to wrap up the financial reform agenda to take a breather and analyze its impact on the recovery. “Regulation must focus on growth and not just financial stability,” said Francisco González at the summit, where business leaders share their opinions with politicians on the major challenges facing the global economy.
BBVA Research maintains its growth forecast for Spain at 3.2% in 2015 and 2.7% in 2016, according to the latest report Spain Economic Outlook presented this Tuesday by Jorge Sicilia, the chief economist of the BBVA Group, and Rafael Doménech, BBVA Research's chief economist for Developed Economies.
BBVA has exited the list of Global Systemically Important Banks, G-SIBs, published today by the Financial Stability Board (FSB). BBVA is predominantly a retail bank, with operations in over 30 countries and with a sound and straightforward business model. The decision is coherent with the nature of BBVA’s business model.
BBVA earned €2.82 billion in the first nine months of 2015, up 45.9% in y-o-y terms, without considering the one-off impacts from corporate deals closed so far this year (partial sale of CNCB and sale of CIFH and acquisitions of Catalunya Banc and of a 14.89% stake in Garanti). After factoring in these impacts, net profit totaled €1.7 billion, down 11.8% from a ye