In May 2016, we went to Lima to see for ourselves the new ways of working that BBVA is introducing throughout the organization to accelerate its transformation. For two days, BBVA Continental teams met to participate in a quarterly planning session. The goal is to decide on the projects for the next three months and determine the tasks that must be carried out to make them a reality. "Agile methodologies have proven to be a model that works and really get people excited,” affirms Karina Bruce, Talent and Culture Manager at BBVA Continental.

The mobile versions of different banks are nearly always the most popular apps in the Finance category in stores like Google Play and App Store, However, other kinds of apps joining the top 10, be they corporate or not, can be indicative of user demands for managing their finances.

The European Banking Authority (EBA) announced the appointment of Santiago Fernández de Lis, Head of Financial Systems and Regulation at BBVA Research, as Chairperson of its Banking Stakeholders Group (BSG).

BBVA Research analyzes the consequences of Brexit. The UK has decided to exit the European Union in a referendum with a 52%-48% margin, and a participation rate of 72%. Prime Minister (PM) Cameron has resigned and will remain in charge until October, when the Conservative Party will choose its next leader. This note and the attached presentation look at the economic consequences of Brexit.

The Federal Reserve Board released the results Thursday of the latest round of the Dodd-Frank Act Stress Test, which reported that BBVA Compass projections again exceeded the minimum applicable regulatory requirements for all nine quarters in the severely adverse hypothetical scenario as defined by the Fed.

The stress test, to which 33 of the country's largest financial institutions were subjected, is designed to evaluate whether the firms have sufficient capital to absorb losses in a hypothetical, severely adverse scenario. The scenario depicts economic conditions that are more adverse than expected conditions.

The results released on Thursday were from the first of two Fed stress tests. The results of the Comprehensive Capital Analysis Review, or CCAR, will be released next week.

BBVA Compass posts the results, and the full disclosure for both stress tests, here.

BBVA will pay a dividend of €0.08 per share starting July 11th. The Board of Directors agreed yesterday to pay shareholders this amount. The net amount after deducting the 19% withholding tax will be €0.0648 per share.