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Finance

Finance

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Türkiye Garanti Bankası A.Ş., announced its financial statements dated March 31, 2018. Based on the consolidated financials, in the 3 months period of 2018, Garanti’s asset size reached TL 359 billion 882 million, its contribution to the economy through loans and non-cash lending reached to TL 298 billion 250 million 713 thousand. The Bank delivered an ROAE (Return on Average Equity) of 18.3% and ROAA (Return on Average Assets) of 2.2%.

BBVA has signed a financing contract with Forestalia, Mirova, GE and ENGIE to develop the first 300 megawatts (MW) of wind power free of subsidies and incentives in Spain. The 9 wind farm complex, dubbed the Goya Project, will be built in the province of Zaragoza. The 300 MW were awarded in the first renewable energy auction in Spain, held in January 2016, in which Forestalia was the largest bidder. This is also the first green loan to be granted in Spain under the “Green Loan Principles” in which BBVA has coordinated the issue, with Altermia providing Second Party Opinion.

Ricardo is the Global Head of Talent and Culture and a member of the Executive Committee at the BBVA Group. In this role, he is responsible for people management, organizational development, cultural transformation, corporate premises and services, and cross-functional projects. Previously, he was the Head of Business Development for Growth Markets, where he led the business development and digital transformation efforts in Turkey, Mexico and South America.

Eduardo Osuna Osuna (Mexico City, 28 de septiembre de 1969) is Vice President and CEO of BBVA Bancomer. He graduated with a B.S in Mechanical-Electrical Engineering from the La Salle University in Mexico City where he also graduated with a M.S in Top Management from the IPADE Business School. In addition he has a major in M&A from the Columbia Business School.