For the fourth year in a row in Spain and third consecutive year in Mexico, BBVA has been named “Best Sub-custodian” in both countries in the “World’s Best Sub-custodian Banks 2015” annual survey conducted by the prestigious journal Global Finance, to be published in its July/August edition.
BBVA Asset Management was once again recognized on the global stage as an outstanding asset manager. The BBVA Group’s asset manager was awarded for its performance in 2014 in several categories in Spain, Portugal, Chile and Colombia, including the award for best fund manager.
BBVA posted a net attributable profit of €1.54 billion between January and March of 2015, up 146.2% from a year earlier. Without including the capital gains from the sales of shares in Chinese bank CNCB, profit increased 52.8% to €953 million. The good earnings performance and cost containment measures helped push profits higher.
The Ecofin Forum has organized a conference on the fintech sector as part of Innovation Financial Day at Centro de Innovación BBVA.The main debate will focus on how fintech startups should interact with the traditional financial institutions.
BBVA has acquired Spring Studio, a San Francisco-based user experience (UX) and design firm, to accelerate the Group’s efforts to become the leading digital bank through great design and technology.
The growth of this FinTech startup is one of the success examples within the sector: creation of a retail bank with operations that are exclusively online and, mainly, executed via mobile device. In addition, with the acquisition by BBVA, Simple also has become an example of open innovation strategies.
Africa continues to be a challenge for many companies seeking to do business in countries with very particular conditions, and where the most successful policy is often not to think in terms of what isn’t there, but to take maximum advantage of the resources that are available. A few years ago M-Pesa triumphed with its model, which now needs to be replicated to achieve the same success in other nations on the continent.
BBVA Compass added to its list of recent accolades in February, landing a top spot in leading personal finance website GOBankingRates’ ‘Best Banks’ series. GOBankingRates examined the top 100 banks by assets nationwide to determine the rankings and evaluated each on a range of criteria: financial strength, favorable rates and terms on deposit accounts, and available products and services.