BBVA Chairman & CEO Francisco González pointed out today that the banks of the future will be software companies focusing on turning data into useful knowledge to offer the best solutions for each customer. To deliver these services, banks will need to tackle a profound transformation, engaging the company at all levels. BBVA embarked on its transformation process eight years ago and today has an organizational structure unlike any other in the global banking industry, said Francisco González.
The Chairman & CEO of BBVA, Francisco González, stressed at the summit in Turkey that authorities should start to wrap up the financial reform agenda to take a breather and analyze its impact on the recovery. “Regulation must focus on growth and not just financial stability,” said Francisco González at the summit, where business leaders share their opinions with politicians on the major challenges facing the global economy.
Since the outbreak of the crisis in 2008, each G20 (Group of 20) summit arouses a great deal of international expectation. The one held in Turkey has been no exception. Antalya not only plays host to the leaders of the 20 most important countries in the world, accounting for 85% of the global economy; also present will be the business leaders of these 20 economies, at the B20 (Business 20)
BBVA Research maintains its growth forecast for Spain at 3.2% in 2015 and 2.7% in 2016, according to the latest report Spain Economic Outlook presented this Tuesday by Jorge Sicilia, the chief economist of the BBVA Group, and Rafael Doménech, BBVA Research's chief economist for Developed Economies.
BBVA has exited the list of Global Systemically Important Banks, G-SIBs, published today by the Financial Stability Board (FSB). BBVA is predominantly a retail bank, with operations in over 30 countries and with a sound and straightforward business model. The decision is coherent with the nature of BBVA’s business model.
BBVA earned €2.82 billion in the first nine months of 2015, up 45.9% in y-o-y terms, without considering the one-off impacts from corporate deals closed so far this year (partial sale of CNCB and sale of CIFH and acquisitions of Catalunya Banc and of a 14.89% stake in Garanti). After factoring in these impacts, net profit totaled €1.7 billion, down 11.8% from a year earlier.