Finance
Finance
At a press conference Carlos Torres Vila released BBVA’s earnings for the January-September 2018 period. The forthcoming decision on who should pay the levy on documenting mortgages loans - banks or the customers - which is due to be made by Spain's Supreme Court on November 5, was raised during the presentation. In regard to the possibility of the ruling being retroactive, he stated “You can’t penalize those who have followed the law. This is precisely what the principle of legal certainty embodies, which protects us all.”
These are the ratios that show up the financial position of a bank. This is a disclosure of BBVA’s ratios calculated as of September 2018.
BBVA Group Executive Chairman received the 'Lion Award' for the best corporate management, presented by online newspaper El Español. The award recognizes Francisco González’s impressive career and his role as “a great innovator in banking.”
Türkiye Garanti Bankası A.Ş., released its earnings report dated September 30, 2018. Based on the consolidated financials, Garanti’s asset size reached TL 456.33 billion, while its contribution to the economy through cash and non-cash loans increased to TL 354.75 billion. The Bank’s ROAE (Return on Average Equity) stood at 17.5% and ROAA (Return on Average Assets) reached 2.0%.
BBVA’s Head of Global Finance, Ricardo Laiseca, explains how BBVA has transformed its corporate finance model by focusing on two factors: standing out and innovation.
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Ricardo Laiseca
BBVA Wealth Solutions, Inc. (BWS) today announced the launch of its newest digital investment services product, SmartPath Digital Portfolios, a new digital advice solution designed to help investors achieve their financial goals. SmartPath Digital Portfolios—powered by BNY Mellon’s Pershing—delivers an engaging user interface, along with a selection of managed account options, to provide an optimal advisory investment experience and help investment advisors achieve increased efficiencies and scale.
This week, Spanish newspaper El Español will honor Francisco González’s professional career with a Los Leones award. On the occasion of the award, the current BBVA Group Executive Chairman sat down for an interview with the online newspaper to discuss the present and future challenges facing the banking industry at large, and his bank in particular, including his retirement from office, scheduled to take place on December 31, 2018. At BBVA “we’re creating a new bank,” he says. Now the institution customers are more satisfied, more likely to recommend the bank and more loyal.