BBVA Chair Carlos Torres Vila spoke of the vital role that banks play in the economy when presenting the 2022 results. “Banks act as catalysts of activity by granting credit to the real economy,” he said. “This may be banks’ greatest contribution to society,” he added. In this regard, he underlined that in 2022, the BBVA Group granted nearly €200 billion in new financing to businesses. At the press conference, BBVA CEO Onur Genç also shared the bank’s outlook for 2023.

Türkiye Garanti Bankası A.Ş., Garanti BBVA, announced its financial results for the year ending on December 31, 2022. The bank’s net income stood at TL 58.51 billion, while asset size was TL 1.3 trillion.

The impact of the war in Ukraine on global inflation and growth has been the recurring theme of this latest edition of the Davos Forum 2023, organized by the World Economic Forum (WEF). From January 16-20, and under the heading, ‘Cooperation in a fragmented world’, political, business and intellectual leaders debated the critical turning point at which the world finds itself, following the double impact of the COVID-19 pandemic and the war in Ukraine. Despite the prevailing economic uncertainty, attendees showed some signs of optimism for 2023, as the latest data, especially on prices, are better than expected.

After a 2022 shaped by the developments in the Basel III framework, post-COVID regulation or the first European banking climate stress tests, 2023 is looking set to be a key year in terms of digital regulation. Thus, the regulatory framework for cryptoassets and the digital euro will be two of the major issues on the agenda in the coming months. There are also expectations that the Basel III regulation will be finalized, that progress will continue to be made in sustainability and that proposals will be presented in Europe to improve the crisis management framework.

On Thursday, BBVA CEO Onur Genç was recognized by the Spanish-Turkish Chamber of Commerce in the professional merit category for his career at the bank. At the awards ceremony, Genç reviewed BBVA's role as a link between markets as important as Latin America and Spain and a country with as much potential as Turkey.

The British publication, which is part of the Financial Times group, selected the BBVA Group as the Global Bank of the Year. The Banker also recognized BBVA as the Best Bank in Western Europe, Spain, Peru and Colombia. The magazine pointed to the Group’s strong financial fundamentals and innovation and sustainability strategies, which put it ahead of its peers.