The Mexican startup hopes to revolutionize the industry by providing cheaper credit.
Finance
Finance
BBVA moves ahead in its transformation process, or “transformation journey”, with the publication of its online annual report BBVA in 2015 covering all the financial and non-financial information on the Group. Following the approval of the 2015 annual accounts at the Annual General Meeting, the bank provides its shareholders and investors the most relevant information from the year in an innovating digital format. With a modern design and the latest trends in navigation and usability, the report presents the bank’s strategy and covers all the year’s management information in a simple and intuitive manner.
- Quorum was over 62%
- Financial statements approved with support from more than 99% of the votes
Francisco González was re-elected Group Executive Chairman of BBVA, with over 96% of the votes during the Annual General Meeting held today in Bilbao. In 2013 he was re-elected with 90.9% of votes.
Annual General Meeting 2016
Economics, businesses and finance
BBVA issues mortgage covered bonds at the market’s most competitive levels
Once again, a bond issue by BBVA in the debt market has been very well received by investors. This morning, the bank completed the issue of a 1.25 billion mortgage bond. High demand, which soared past the €2.7 billion mark, has allowed the company to go to the market at very competitive prices.
After the words of Mario Draghi at the January meeting, leaving the door open to expand the measures of the European Central Bank this month, these are BBVA Research forecasts for the meeting tomorrow.
Who do we have in mind when referring to globally relevant women? Well, not about Beyoncé in music nor Angela Merkel in politics. We talk about the three women at the head of the three most relevant economic organizations in the world: The US Federal Reserve, the International Monetary Fund, and the Single Supervisory Mechanism of the European Central Bank. In this article, we take look at some of the career highlights of these leaders and how they have shaped their respective institutions, at this crucial time for the global economy.
Market downfalls at the beginning of the year have put investors on guard. The sharp decline in oil prices and questions over the Chinese economy leave their mark on the global economic outlook. BBVA Asset Management expects to see moderate growth in the global economy in 2016 but suggests caution when building portfolios due to increased risk. Diversification and hedging are necessary.
It is common knowledge that markets dislike uncertainty. Investor doubts tend to translate into massive sales and sharp drops in capital markets, but presenting a believable message that gives an outlook of growth, or at least stability, can lead to significant gains.
Three Oxford University professors researched the impact of Chief Executive Officers (CEOs) presenting a new strategy on companies’ stock market value. They concluded that most of these statements had a significant impact on stock prices. The effect is even greater for recently appointed CEOs, and even more so if the new CEOs come from outside firms.