3Q15 Results: BBVA posts profit of €2.82 billion (+45.9% y-o-y) excluding corporate operations
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
The financial world faces the challenge of users demanding to manage their finances in their cell phones (PFM). Easily, quickly and very efficiently.
Banks, technology companies, card brands and payment processors, handset manufacturers and mobile operators have embarked on conquering the wallet market . A business that is buoyant and is closely linked to the cell phone boom . There are virtual wallets where you can store information on payment cards, bank accounts and other personal financial tools. And, what is more important: they allow payments to be made virtually.
BBVA COO Carlos Torres Vila spoke this Tuesday at the Innovate, Connect and Transform (ICT) conference held in Lisbon, where he said that the transformation of the financial industry is not only based on digitizing financial services, but also on reshaping the customer's experience.
BBVA has been chosen as one of the best multinational workplaces in 2015 in the annual ranking prepared by the prestigious international consultant Great Place To Work®. BBVA is considered the best multinational workplace in the financial industry and is ranked eighth among the 25 best places to work in the world. The list is headed by the tech companies Google and SAS Institute.
Business economics and corporate information
Francisco González: "Every corner of this industry is undergoing radical change"
BBVA Chairman Francisco González stressed out the challenges that the financial industry is facing in the new digital environment. During his address in the annual meeting of the Institute of International Finance held this weekend in Lima, he stated that “Something massive is happening in our industry. It’s already underway and will only accelerate”.
The method aims to deal with the challenges of managing a company in the same way that designers tackle design problems.
A commitment to easy banking and technology has made BBVA a global example in financial inclusion. The BBVA Group has signed a strategic accord with the Alliance for Financial Inclusion (AFI), becoming the newest partner of the AFI Public-Private Dialogue Platform.