Finance
Finance
BBVA Compass ClearSpend Visa, the bank’s prepaid debit card, was recently awarded with a 2016 Visa DPS Client Achievement Award for Highest Portfolio Growth - Prepaid, Consumer Reloadable.
S&P changed its outlook for BBVA’s long-term rating (BBB+) from stable to positive. The agency once again highlighted the Group’s strong financial profile, resilient profitability levels and solid capital position.
BBVA on April 3 announced the successful placement of €1.5 billion five-year preferred senior debt with a floating coupon rate. High demand, about €3.25 billion, allowed the price to be cut to very competitive levels, without an issue premium. The order book closed in just two hours, drawing 260 international investors
Last year BBVA Group paid €3.76 billion in taxes on its global operations, 25.15% more than in 2015. Its global tax contribution (counting own taxes and third party taxes it manages) stood at €9.44 billion. For fifth consecutive year, BBVA is voluntarily releasing its tax contribution, in line with its corporate transparency principle and its social responsibility commitment.
On 2014, a series of standards were passed that aimed to significantly boost financial inclusion levels. The initial and pivotal element was the Financial Inclusion Act, which builds on three pillars:
A small country surrounded by giants, Uruguay always knew it would have to work hard to claim its spot in the region. And it surely has: besides its traditional agricultural production and its booming and popular tourist industry, the country now strides ahead confidently into the 21st century, with a thriving software sector.