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.

The BBVA Board of Directors approved Wednesday the bank adhering to the measures included in the new  Code of Good Practice (CBP in Spanish) to help customers at risk of vulnerability with mortgages, as well as the expansion of the Code of Good Practice, which has been in force since 2012.

Several innovation hubs across Latin America paint a picture of a bubbling but unevenly distributed entrepreneurial landscape: Brazil's biggest city accumulates a growing number of unicorns, while Lima is trying to carve out a niche for itself. With sectors such as fintech and e-commerce leading innovation and growing support from investors, Latin America is putting on a strong show on the international stage.

BBVA shareholders will receive next October 11, 2022, a cash interim dividend of €0.12 (gross) per share. This amount is 50 percent higher than that of last year, of €0.08 per share paid in October 2021. The Group’s solid results in the first half of the year are supporting this decision.

BBVA Chair Carlos Torres Vila said “Onur Genç is exceptional as a person, exceptional as a professional and as a team leader, and the bank’s excellent results are proof of that” with “an outstanding performance in all areas”. “This is the unanimous view of the BBVA Board. In short, we could not have a better CEO than Onur.” At an event in Madrid organized by the Spanish business association APD and Kearney, Torres Vila said some media reports speculating over a possible change of CEO were “a complete fabrication.”

In a presentation sent to the CNMV on the occasion of an event with investors this Wednesday, BBVA highlights the bank's track record in creating value for shareholders and its competitive edge, focused on profitable growth. This enables BBVA to present a positive outlook with recent improvements in its forecasts for loan growth and net interest income in markets like Spain and Mexico. The document that BBVA CEO Onur Genç will present at the conference organized by Bank of America emphasizes that “BBVA is an engine of profitable growth.”

BBVA placed a €1.25 billion senior preferred bond on the market today with a five year maturity. The issue price closed at an interest rate of mid-swap plus 115 basis points, significantly lower than the initial price (mid-swap plus 140/145 basis points). This represents a new issue premium of just 10 basis points over its fair value, considerably lower than the premiums obtained for recent operations in the debt market. The coupon was set at 3.375 percent.

BBVA has placed a 1.75 billion dollars senior non-preferred debt issuance registered with the United States SEC. The issue was divided in two tranches, one maturing in four years, of which 1 billion dollars was placed, and the other maturing in six years, with a placement of 750 million dollars. Both tranches have an early redemption option one year earlier.