Thierry Barbier has been appointed new Head of BBVA France replacing Gregoire de Lestapis. BBVA's French branch is focused mainly on corporate lending and investment banking activity and has around hundred employees.
Just as in previous years, the G20 summit – held in China this year – has drawn worldwide attention. But the leaders of the 20 major economies were not the only ones to meet in Hangzhou. In parallel, business leaders from these same economies presented their proposals in the Business 20 event.
The Fintech University event held at the BBVA Innovation Center in Madrid brought together much of the financial ecosystem, with banks and startups converging to debate the future of the industry.
The history of banking is a story that must be told in stages. It starts with its birth after the 1929 Wall Street Crash with the Glass-Steagall Law, and continues to present day with the Dodd-Frank Law Barack Obama signed after the 2008 financial crisis.
The recent report, The Business of Financial Inclusion: Insights from Banks in Emerging Markets represents a new endeavor for the Institute of International Finance (IIF). It is based on the insights of 24 executives in charge of financial inclusion, a topic of growing interest.
Analysts see BBVA’s Q2 results in a positive light. Most highlighted the solid underlying trends and singled out income growth and credit quality as key drivers of the bank’s earnings. The increase of the capital ratio was another one of the most highly-valued elements. Bank shares are expected to react positively, although no significant shifts were anticipated in terms of recommendations or target price.
BBVA has demonstrated its solid resilience in the European Banking Authority’s (EBA) stress tests of European banks, published today. In the adverse scenario, the bank would attain a fully-loaded CET1 ratio of 8.2% in 2018.
BBVA CEO Carlos Torres Vila explained today the reasons that motivated the organization and management changes that the Group announced this week: “We are making these changes to gain agility and efficiency,” he stressed. “But both the strategy and the goals we defined a year ago remain the same, to become a better bank for our customers, bringing the age of opportunity to everyone.”