BBVA Compass and Opportunity Finance Network on Tuesday welcome their inaugural class of 25 Opportunity Fellows to Birmingham for a three-day training session where they'll explore how to lead the change necessary to give underserved communities equal access to capital.
One of the stellar features of BBVA Trader, BBVA's platform for trading stocks, warrants and ETF, is its compelling training offering.
All companies need to make sure they have the money required to cover both eventual asset impairments and potential obligations that have still not materialized. These funds are commonly known as provisons. In the case of banks, due to the intrinsic structure of the business, default provisions are a key element with the potential to significantly affect results.
The political climate before the civil war was anything but peaceful. The differences between the buoyant conditions in cities and the complex socio-economic juncture in rural areas were substantial. The policies that the Ministry of Finance adopted, when not directly pointless, were mostly ineffective. All this notwithstanding, the government that emerged from the 1936 elections did not adopt a bellicose stance against the Spanish banking sector.
Thirty years ago, microfinance revolutionized the market with affordable loans for the disadvantaged. Until then, the most vulnerable population segments were left out on the fringes of the financial system, and had no way of accessing credit. Today, with 2 billion adults still unbanked, new technologies are emerging with the potential to reach more people at a lower cost. But this opportunity is having a challenging impact on the current microfinance model, which was built on the pillars of personal relations and trust.
The BBVA Foundation has distinguished Turkish economist Daron Acemoglu with its Frontiers of Knowledge award. A professor at the Massachusetts Institute of Technology (MIT), Acemoglu was the first economist to prove that there are institutions that generate prosperity and others that hinder development.
BBVA closed 2016 with an excellent achievement in terms of its loan business. The Bank acted as Bookrunner (the top role of any institution in a syndicated operation) in 60% of the transactions in which it was involved. Also, it increased its market share from 8.2% in 2015 to 14.8% in 2016.