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Finance

Finance

The 2023 ‘Reunión Nacional de Consejeros Regionales’ (National Meeting of Regional Advisors, or RNCR) brings together over 300 people from the business community across the country to analyze the social and economic challenges Mexico is facing. It also demonstrates the contributions made by BBVA Mexico to propel the development of projects and find solutions that foster growth and well-being in the different regions of the country.

Carlos Torres Vila, Chair of BBVA, during a recent visit to Lima unveiled the Group’s new investment plan for Peru. In an interview with the financial newspaper Gestión, he stated that "'we expect 75 percent growth in our investment, based on a plan of S/2,000 million (about €500 million) over the next four years.

Türkiye’s Garanti Bank earned a net income of TL 15.5 billion in the first quarter of the year. Total assets stood at TL 1.5 trillion and the bank contributed TL 1.1 trillion to the economy through lending activity. Customer deposits reached TL 1.0 trillion (+14 percent this quarter) and remain the primary source of funding, with 70 percent of assets funded by deposits. Garanti Bank continues to have a strong capital position, with a ratio of 15.9 percent¹. Its ROAE was 38.2 percent in the first three months of the year, and ROAA stood at 4.5 percent².

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.