On April 4 the new €50 note will enter into circulation. This new note, presented on July 5, 2016 by the European Central Bank will be phased in gradually and will coexist with the preceding model, which will remain legal tender. Thus, the ECB completes another step in the rollout of the Europa series, and follows the €5, €10 and €20 notes, which have already been issued. Reinhold Gerstetter, independent banknote designer was selected to refresh the design of the notes.
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.
Global Finance called BBVA the best investment bank in both Spain and Mexico for the sixth and third year in a row, respectively, recognizing the service the bank provides in this sector and its innovative financial proposals.
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.
BBVA Compass Insurance Agency, an affiliate of BBVA Compass, has partnered with Boise-based Covr Financial Technologies, a digital personal insurance platform, to offer insurance seekers direct control over the insurance-buying process with turnkey access to quotes and product information from a network of carriers.
The ECB has published its annual report on the supervisory activities appointed to it by the Single Supervisory Mechanism. Key achievements in 2016: effectively addressing the non-performing loan (NPL) issue, the improvement the solvency of the euro area banking sector and the further harmonisation of banking supervision in the euro area. In the spotlight for 2017: new challenges, like the new scenario for European banks after Brexit and fintech-related risks.
The European Central Bank (ECB) yesterday has announced the outcome of the final auction of TLTRO-2 (targeted long-term refinancing operations). These long-term financing operations aim to stimulate lending in the euro zone. The demand for additional liquidity has reached 233.47 billion euros, far above the amount from previous auctions and market expectations.
B20 (the official business dialogue of the G20) defends that the world’s 20 most developed countries should promote inclusive growth, while ensuring the financial stability of the system. BBVA Executive Board Director José Manuel González-Páramo, in his capacity as co-chair of the Financing Growth and Infrastructure taskforce, explained today in Paris the importance of developing a coherent and proportionate regulatory framework, especially in the digital regulation arena, as fundamental pillar to promote inclusive growth.