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.”
BBVA Compass Bancshares, Inc. reported its second quarter 2016 results today, with net income topping $162 million for the first half of 2016 compared to $286 million earned during the first six months of 2015. Return on average assets and return on average tangible equity(1) for the first six months of 2016 were 0.35 percent and 4.27 percent, respectively.
Between April and June the BBVA Group posted the highest quarterly profit of the last 12 months, with €1.12 billion, up 58.4% from the previous quarter. Net attributable profit for the first half of the year stood at €1.83 billion, down 33.6% from the same period in 2015, due to the impact of exchange rates and the lack of corporate operations. Stripping out these two factors, profit grew 5.8% y-o-y
BBVA is a customer-centric global financial services group founded in 1857. The Group is the largest financial institution in Spain (by business volume) and Mexico and it has leading franchises in South America and the Sunbelt Region of the United States; and it is also the leading shareholder in Garanti. Its diversified business is focused on high-growth markets and it relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. As of the end of September 2016, the total assets of the Group amounted to €724,627 million, with 68 million customers, 8,761 offices, 30,890 ATMs and 136,244 employees, and is present in 35 countries.
Bank of Spain’s Circular 4/2016 on analysis and provisioning of credit risk will bring changes to the way in which banks classify and provision doubtful loans.This new standard seeks to improve transparency and comparability with the rest of European institutions.In this article, we take a look at the main changes that Spanish banks will have to face in the coming months.