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Finance

Finance

At his first Annual General Meeting (AGM) as Group executive chairman of BBVA, Carlos Torres Vila was re-elected as a Board member with more than 98 percent of the votes, according to the definitive data of the votation. The shareholders meeting in Bilbao today also supported the appointment of Onur Genç as a Board member of the BBVA Group with 99 percent of the votes. A large number of institutional and minority shareholders participated in the voting, with a quorum over 64 percent.

All eyes were on the possibility yesterday that the European Central Bank (ECB) could make changes in the forward guidance on rate and on a potential announcement of new liquidity measures. And Mario Draghi didn’t disappoint: he answered both questions. He announced that the ECB will keep interest rates on hold until at least the end of this year and another series of auctions of long-term liquidity. BBVA Research has just released an ECB Watch report covering and assessing the measures announced by Draghi.