The European Investment Bank (EIB) Group and BBVA are set to join forces to support Spanish small and medium-sized enterprises (SMEs) and mid-caps affected by the COVID-19 crisis, signing two agreements to provide total financing of €1.42 billion.
With BBVA set to open 15 new branches across Texas in early 2021, the bank enters a new era that blends digital banking with face-to-face interactions even further.
BBVA USA announced today that it has received approval to open 15 new branches across Texas, the bank’s largest market in its U.S. footprint.
Growing interest in sustainability across all segments of society has led to innovations in sustainable finance offerings, specifically in the world of corporate financing. Issuances of bonds linked to sustainability criteria are among the latest market developments. Analysts at BBVA Global Markets Research explain the basics and share with us their view of the product.
In June, BBVA’s Group executive chairman held a round of meetings with the bank’s teams in Spain, Mexico, the U.S. and Turkey. At the meetings he went over the situation in each country and shared future challenges. “The pandemic will serve to accelerate our strategic priorities – digitization, data and sustainability – as well as the search for new ways of working,” he explained.
BBVA, acting as sole sustainability coordinator, has advised the German energy company EnBW to incorporate environmental and social criteria into its core bank financing. This characteristic underscores the company’s sustainable commitment. The financing agreement turns EnBW into one of the first corporations in the world to include sustainability across its entire financing spectrum. EnBW has issued three hybrid bonds and one green bond since 2018; BBVA acted as active bookrunner in the green bond and in one of the hybrids.
The future will never look the same. If one were to scour news articles and studies around the current health situation, one will find that a good portion of medical experts will convey this concept. It’s difficult to say what the future will look like in multiple facets of society, but it’s safe to say that the ripple effects will be prominent, at least in the beginning.
BBVA’s teams in Asia and Colombia secured this cross-border transaction, which will allow Asian client China Harbour Engineering Company Limited (CHEC) to build, operate and service line 1 of the Bogota subway. The landmark agreement will contribute to financing the largest infrastructure project in Colombia’s history, and is also the most ambitious cooperation project the country’s ever signed with China. The transaction is the first one certified by BBVA in Asia in compliance with its sustainable transactional banking framework.
Quality Funds, BBVA’s platform specialized in international funds, was named the best pan-European platform specialized in investment funds, according to the prestigious 2020 report by Platforum.