In March this year, the European Central Bank announced the second TLTRO program (targeted long-term refinancing operations). These long-term financing operations aim to stimulate lending in the euro zone. The program is comprised of four auctions and the results of the second one were published today. The amount of additional liquidity asked has been 34bn euros.
Finance
Finance
BBVA Compass is helping to add a fitting footnote — housewarming gifts — to the heartwarming story of some of Los Angeles' most at-risk residents getting homes of their own.
Warrants are extremely popular in the Spanish market, and are no longer considered an exotic, state-of-the-art financial instrument. BBVA currently has more than 1,200 active warrants in Spain, and every month €20 million of premiums are purchased. But how exactly does this investment alternative work?
This is how Francisco González describes the current context for financial institutions in an article he wrote for the Singapore Summit. BBVA’s Executive Chairman took part in this event this weekend, as well as in the meeting of the International Advisory Panel of the Monetary Authority of Singapore (MAS).
EU citizens have had a project underway for a banking union since 2012. Since then, we have taken giant leaps toward a borderless European banking system. However, a few relevant issues still need to be addressed.
Javier Malagón, CFO of BBVA Bancomer, the most profitable bank in Mexico and the leader of the country’s financial sector, presented the bank’s strategy and main financial data at the Barclays Global Financial Services Conference today.
Private industry leaders gathered at BBVA Compass Plaza in Houston for a workshop Tuesday on how businesses can push progress on the most pressing issues of our time. The workshop, hosted by BBVA Compass, the United Nations' Sustainable Development Goals Fund and the BBVA Microfinance Foundation, had two goals: to help spread the word and build understanding of the United Nations' 17 Sustainable Development Goals, which revolve around issues like education, health, poverty alleviation, clean water and the climate; and to gather input from executives at some of the companies that are already focused on tackling some of those same issues.
One of the consequences of the latest financial crisis for banks has been the so-called non-performing loans or NPLs. Loans regarding which the borrower has either already failed to meet his payment obligations or is showing signs of having difficulties meeting them. Some financial systems, such as Spain’s, have already done their homework clearing their balance sheets. However, for other systems credit quality is still a matter that needs to be addressed. A recent case are Italian banks, which still bear a burden of over €300 billion in this type of assets.
Mexico is celebrating its national holiday this Thursday. An important day, and we want to humbly join in the celebrations by offering a special selection of content focusing on Mexico and BBVA Bancomer on our website, bbva.com.