BBVA has signed an agreement to transfer a credit portfolio, which is composed by mortgages credits (mainly non-performing and in default), with an aggregate balance amounting to approximately €1.49 billion to Canada Pension Plan Investment Board (CPPIB). The transaction is part of BBVA’s strategy to reduce to the fullest its exposure to real estate risks in Spain.
Francisco González was greeted warmly by the auditorium at Ciudad BBVA in Madrid where he was bid farewell with applause and a standing ovation. The bank’s executive chairman was interviewed by his successor, Carlos Torres Vila, in a memorable conversation that the Group employees could follow from more than 30 countries. After 22 years at the helm of the bank that has become BBVA, Francisco González declared that "with much effort," the legacy he leaves behind is "a bank in solid financial shape, an extraordinary project, and an absolutely exceptional team."
Going public is an option that many businesses start considering after reaching a certain stage in their development, whether to access funding from capital markets and drive their growth strategy, or to offer the opportunity to its private shareholders to obtain liquidity, crystalize the value of their shares and diversify their asset portfolio. But, what factors determine the success of an IPO?
BBVA has received all the required administrative authorizations from the European Central Bank (ECB) for the resolutions approved by the Board of Directors of BBVA at its meeting held on Dec. 20, 2018, to come into full effect.
Like many Americans, you may find your mailbox stuffed with envelopes from banks, credit card providers and other lenders who want to make you an offer. (That includes your email, too.) Those offers may range from a pre-approved offer, to an invitation to apply, to a 4-page application.
Over the years, my life has gotten increasingly digital, without me even realizing it. Take for instance, payments. Typically, I pull out a debit or credit card to pay for store purchases. Online bill pay works for the monthly bills. And for splitting dinner bills, classroom payments, sports fees and babysitters, P2P does just fine.
BBVA Compass has increased its Net Promoter Score (NPS) among Commercial clients across its footprint, according to a recent Voice of the Customer study by market intelligence provider Greenwich Associates.
Speaking at the Rome Investment Forum, José Manuel González-Páramo weighted on the future of three key projects for the European Union: the banking union, the capital markets union and the fiscal union. This discussion took place at a key moment for the European bloc, after the meetings held in the last Eurogroup, in the Ecofin and the European Council. “During this year 2018 there has been a window of opportunity, which has clearly been missed by Europe to implement the necessary reforms,” he noted.
The world has recently taken a turn toward trade protectionism. Given this situation, at a forum in Madrid, BBVA Executive Board Member José Manuel González-Páramo proposed committing to multilateralism through the World Trade Organization. He expects “Europe to play a relevant role” in this movement. These efforts are essential, he maintained, because protectionism threatens global growth.
AENA and a group of banks led by BBVA have closed an €800 million ESG-linked revolving credit facility (an “ESG-linked RCF”). With this sustainable credit facility - intended to fund general corporate needs - AENA becomes the world’s first airport operator to resort to this type of funding arrangement. BBVA led the transaction as lead arranger and sustainable facility agent.