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Finance

Finance

In 2015, the global economy has possibly grown at its slowest rate since 2009. Economists expect global GDP to increase at a moderate rate, around 3%. Moreover, this year the progress made by emerging markets will not be enough to offset the adjustment in developed countries. How can regulation contribute to reverse this trend?

Business angels –investment angels– generally invest between 25,000 and 500,000 dollars in new startups, often with the intention of getting them to a scenario where they can attract venture capital funds.

There was a sharp drop in investment in VC-backed companies in late 2015. According to the global quarterly report on VC trends published by KPMG International and CB Insights, investment in the fourth quarter of 2015 stood at 27.2 billion US dollars, with 1,742 deals at the global level –representing a 30% decline in funding. This was also the lowest quarterly level of deals to be registered since the final months of 2013.

The BBVA Group’s net profit in 2015 came to €2.64 billion, slightly more than the previous year (up 0.9%). Without currency effects net attributable profit was up 4.4%. Excluding corporate operations in 2015, net income from ongoing operations was €3.75 billion, up 43.3% over 2014.

  • Record income: Gross income for the full year and for the fourth quarter reached a new record: €23.68 billion (up 10.9% y-o-y) and €6.15 billion (up 6.6% on the same period last year), respectively
  • Risks: BBVA Group's NPL ratio improved to 5.4% at year-end vs. 5.8% in 2014, with coverage ratio of 74%
  • Capital: BBVA's CET1 ratio fully-loaded was 10.3% at the end of 2015 following a solid evolution in the last quarter. It rose 57 basis points from October to December
  • Transformation: Digital banking is making further gains in terms of customer satisfaction and digital sales. At the end of the year 19.2% of new consumer credits in Spain were sold through digital channels. In Mexico this figure was 29.6%