Luisa Gómez Bravo will be the new CFO of the BBVA Group. She currently is the Global Head of Corporate & Investment Banking (CIB), the group’s wholesale banking unit. Gómez Bravo will replace Rafael Salinas Martínez de Lecea, who is stepping down from his executive duties after a successful career with the bank spanning over three decades. He will continue to be involved with the Group as a board member of Garanti BBVA. Furthermore, the current Head of Sustainability, Javier Rodríguez Soler, takes on the additional role of Head of CIB.

BBVA’s Turkish unit has taken a step forward in its strategy to boost automotive sales over digital channels with the launch of a new digital loan for Renault and Dacia brand vehicle purchases. Now on offer to businesses and the self-employed via Garanti BBVA’s website and the smartphone app, the bank’s new financial product provides an end-to-end digital experience.

BBVA has signed the sale of a portfolio of unsecured non-performing loans. This portfolio has an approximate gross value of €500 million. The sale will have a positive impact on the bank’s NPL ratio in Spain.

The BBVA Group, through its management entity Gestión de Previsión de Pensiones (GPP), has been one of the five management firms selected to manage the new government-sponsored occupational pension funds that the Ministry of Inclusion, Social Security and Migration put out to tender on June 9th. GPP will manage three of the new pension funds. These savings vehicles aim to promote complementary social insurance among companies, institutions and the self-employed, with the goal of reaching €500 million under management after three years.

BBVA today placed an AT1 contingent convertible (CoCo) bond on the market, with a December 21, 2028 redemption window. The interest rate was set at 8.375 percent, significantly lower than the initial 8.75 percent. Demand reached €3.1 billion, tripling the initial offer of the issue.

BBVA Plan Mercado Monetario PPI has received the award for best pension plan in the Short-Term Fixed Income category at the Expansión-Allfunds awards. BBVA Asset Management (BBVA AM) was also nominated in the categories of Best National Manager and Best Solidarity Fund.