Moody´s ratings agency has confirmed its stable outlook for the Spanish banking sector. This reflects the agency´s view regarding the evolution of the sector over the next two years. Moody´s believes that GDP growth will allow financial institutions to continue improving their asset quality metrics, although at a slower pace than last year. Likewise, Moody´s expects that the profitability of the banks will be maintained throughout 2017-2018, since lower provisions will compensate for the pressure on margins due to low interest rates.
An exchange rate system, also called a currency system, establishes the way in which the exchange rate is determined, i.e., the value of the domestic currency with respect to other currencies. Choosing the currency system is a pivotal element of the economic policy adopted by a country’s government. The currency system has significant repercussions on the flexibility of the exchange rate and on other instruments of economic policy.
On May 1, BBVA Compass, through its Bright Futures initiative, and the Houston Dynamo kicked off Small Business Month by launching the second installment of “The Pitch.” Small businesses and start-ups were encouraged to submit a business plan describing why they have a bright future in their industry.
BBVA Compass Fort Worth CEO Brian Happel was once quoted in the New York Times discussing his hope to earn an early roster spot on a professional football team in 1982.
At the Digital Business World Congress held in Madrid from May 23-25, BBVA explained why its Open APIs are the perfect tool for a new era of the digitized economy.
The European Banking Authority (EBA) has announced that in December 2017, it will publish the results of the fourth annual transparency exercise carried out on financial institutions in the euro zone. Nearly 600,00 data points from 130 banks will be published, covering key aspects of their balance sheets.
The Corporate Finance business at BBVA started 2017 in as good as shape as it ended last year. In 2016, BBVA closed 18 deals in Spain, 10 in Mexico and six in Latin America. The start of 2017 was very busy, and the Bank “hopes to once again be the bank with the most closed deals in its core markets, especially in Spain and Mexico.”
The agreement with ALD, a subsidiary of Société Générale and leader in the European vehicle leasing market, includes the sale of BBVA Autorenting, S.A.
The European Union has finished the first half of its match to create a common capital market among the 27 EU member states. But there’s still a second half ahead, with obstacles such as how to continue the project without the United Kingdom.
The foreign currency or foreign exchange market is a decentralized worldwide market in which currencies are traded. It was created in order to facilitate the flow of money derived from international trade. Today, it is the world’s largest financial market, with an average daily volume of about $5 trillion, and is undergoing an important and growing “electronification.”