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.
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.