After just a year and a half of landing in the country with a free, 100% online service, BBVA has positioned itself among the top five financial institutions in the country, according to the annual ranking World’s Best Banks by Forbes and Statista. Specifically, BBVA ranks as the fourth best bank in Italy, ahead of many traditional and native banks in the country. Digital services and customer support were the most highly rated criteria among respondents. BBVA also ranked among the best banks in Spain and Mexico.

The Allianz and BBVA bancassurance joint venture is now one of the largest home insurance companies in Spain, with more than one million insured households and €276 million in premiums for this range of insurance products.

BBVA reported a total tax payment in 2022 of €10,948 million (+33 percent vs. 2021) across all the countries in which it operates, of which €5,023 million (+65 percent) were its own taxes and €5,925 million (+14 percent) were third-party taxes. This was the highest tax payment ever recorded by the Group, in line with its earnings performance during the past year. In Spain, BBVA generated a total tax contribution of €2,759 million, of which €1,326 million consisted of its own taxes (+42 percent).

During his presentation at the Wake Up, Spain!, event, BBVA Chair, Carlos Torres Vila, stated that the European banking sector, and more specifically Spanish banks, are facing the current situation of uncertainty from a position of unquestionable financial strength, profitability and a very solid capital and liquidity position. He added that BBVA is facing this moment with confidence, and from a strong position due to the very characteristics of its diversified, profitable business model and its cautious risk management.

On Monday, March 20th, BBVA will start to execute its €422 million share buyback program after receiving the authorization of the European Central Bank.

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed on March 6, 2023 with the Securities and Exchange Commission BBVA´s Annual Report on Form 20-F for the year ended December 31, 2022.

The Annual Report can be found on BBVA’s Investor Relations website http://shareholdersandinvestors.bbva.com in the section dedicated to Financial information 2022.