BBVA Group garners excellent results in a number of categories of the prestigious Extel Survey’s 2017 edition. Jaime Sáenz de Tejada named Spain’s best chief financial officer.
BBVA CEO Carlos Torres Vila told international investors this Friday that “the quality of BBVA’s franchises, in strategic markets, provides resilience and contributes to the strong performance of our results.” He also believes that banks have some unfinished business: having a positive impact on peoples’ lives and businesses. BBVA is working on it.
The International Bank Note Society (IBNS) has chosen the 50 Swiss Franc bank note as the winner of its “Bank Note of the Year Award” for 2016. The bank note, which depicts a hand holding a dandelion, was chosen after a tight voting process. The three runner ups were the Maldive Islands 1000 Rufiyaa, Argentina’s 500 Peso, and the Royal Bank of Scotland’s 5 Pound bank notes.
Together with these 4 finalists, the IBNS chooses what are considered to be, overall, the 18 best bank notes in the world in 2016.
We have already seen what the foreign exchange market is and how it works, as well as different exchange rate systems. Here, we will analyze the broad range of participants that engage in a market that, in average, churns around 5 trillion dollars on a daily basis.
Introducing Employee Spotlight, a branded series showcasing a diverse selection of employees from across BBVA Compass’ footprint who are helping to push the bank forward.
Garanti Bank signed a residential mortgage covered bond agreement with IFC (International Finance Corporation), a member of the World Bank Group, with 5-year term maturity worth at USD 150 million equivalent to 540 million Turkish Lira. Garanti issued the first residential mortgage covered bond ever, which is IFC has invested the first time in Turkey as well. Garanti will use the fund to provide green mortgages for the purchases of energy efficient housing, helping to boost the development of green buildings in the country’s housing sector.
We have experienced the deepest global crisis since the Great Depression. Among the things that have changed - perhaps for good - is the way the financial sector now acts at a global level to manage both credit and reputational risk. This has coincided with what amounts to a genuine explosion in technology, which has undoubtedly only just begun.
Ricardo Gómez Barredo, Director of Accounting & Supervisors at BBVA taught the Rafael Termes Lesson at the University of Navarra’s School of Economics. “A clear and fair regulatory framework will contribute to financial stability, innovation, customer protection and efficiency gains in the market,” he told the 27th class at the School of Economics and twelfth class receiving a dual degree in Law.
Within the varied and, for many people, unfamiliar jargon of the stock trading world are the terms “squeeze-out’ and ‘sell-out.’ Both refer to mechanisms for the forced purchase and sale of shares, and are closely linked to the context of a takeover bid.
Yesterday, Tradebe obtained the world’s first green syndicated financing in term loan format, for a total of €265 million. The transaction was signed by 11 national and foreign financial institutions with strong oversubscription under BBVA’s leadership as Facility and Green Agent, Coordinator and Sole Bookrunner.