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Communications

Today

On 26 and 27 May 2020 the European Innovation Council (EIC), BBVA and Ferrovial are jointly hosting their first online EIC Corporate Day, bringing together 19 of the most innovative startups in Europe. The online EIC Corporate Days are the digital version of the physical events in where the European Commission connects Europe’s most innovative companies and innovators with C-level corporate and cross sectorial decision makers.

Joaquín Dopazo is leading a project that uses a machine learning algorithm to identify proteins involved in the illness and cross match this information with a database of drugs used to treat other conditions. “We checked if some of the proteins detected are therapeutic targets of other medications approved for other uses, and we concluded that these treatments could act on the mechanisms that COVID-19 uses to cause harm,” says the researcher, who in 2018 won a BBVA Foundation team grant in the Big Data category.

25 May 2020

22 May 2020

BBVA has added a new feature to its financial aggregator One View. Using data analytics, it allows companies to find out the amount of greenhouse gases they emit into the atmosphere with their daily activities. At a time when SMEs and companies’ main concern is how to face the gradual lifting of lockdown restrictions during the health crisis, finding out their carbon footprint is the first step toward taking action that helps them to reduce their energy costs while having a positive impact on the planet. With this information, they can also explore new, more sustainable lines of business that will facilitate their recovery in a new context.

20 May 2020

The coronavirus crisis may lead to a series of changes forcing many companies to rethink their business models. Startups frequently depend on funding, and some may be critically impacted. Still, others may find themselves in a stronger position thanks to their capacity to adapt to the changing landscape or because they provide digital services that have proven invaluable. Could the coronavirus crisis set the stage for the next big startup?

19 May 2020

Social bonds, as debt instruments that enable project financing with a positive social impact, have been gaining traction among issuers in recent years. In 2019, these kinds of issuances outpaced previous volume records, and issuance activity of this type will undoubtedly be driven by the COVID-19 pandemic in 2020. This is the view of analysts at BBVA Global Markets Research.

18 May 2020

Laura Lechuga, research professor at Spain’s National Scientific Research Council (CSIC) and group leader in the Catalan Institute of Nanoscience and Nanotechnology (ICN2), is heading up the ambitious CoNVaT project. CoNVat aims to produce a rapid, inexpensive, and highly sensitive test for diagnosing COVID-19 from the first day of infection. “It won’t only indicate if the virus is present or not, but it will also reveal its concentration. This is important because it gives an idea about how  advanced the infection is,” she explains. The new test should be ready in less than a year, in time for future waves of the pandemic.

15 May 2020

What does a company bring to society? What role does it play? Why does a brand exist? These questions can be answered in many ways, each answer hinting at the company’s “what for”, the reason that drives it and defines how it engages with society, its purpose.

13 May 2020

The ‘RRSSalud’ project is researching the dynamics and types of fake news regarding coronavirus on social networks, thus helping to alleviate the negative effects of this health crisis. Coordinated by the researcher Ramón Salaverría, the initiative is part of the BBVA Foundation’s 2019 program to assist scientific research teams in economics and digital society. One of the first conclusions of the study has determined that one-third of current fake news stories refer to the health crisis contain health or scientific content.

12 May 2020

11 May 2020

Dircom, the Spanish Association of Communication Executives, announced the names of the winners of this year’s edition of its Ramón de Corral Awards. BBVA took home two awards, one for ‘One BBVA’ named ‘Best integrated campaign for organizational change’ and the other with ‘El Sentido del Cacao’, named ‘Best external campaign for services’ category. Also, BBVA’s ‘Values ​​Day’ event was one of the finalists in the ‘Best in-house event involving over 500 workers’ category.

Between last week and this week, the bank will reopen an additional 250 branches, to coincide with Spain’s careful easing of confinement restrictions. BBVA has also initiated the gradual return to work for those employees who fulfill critical business functions. The health of the bank’s customers and staff is the fundamental factor guiding this process. In the next few days, 200 employees and external contractors will return to their posts in central services, and 1,300 staff will return to branch offices throughout Spain.

In many ways, the coronavirus crisis marks a turning point in human behavior. One of the lessons this pandemic is teaching us is the essential need to change the way we interact with nature. “We will open the door to new pandemics if we continue maintaining a toxic relationship with nature,” states the ecologist Pedro Jordano. For the secretary of the jury for the BBVA Foundation Frontiers of Knowledge in Ecology and Conservation Biology, biodiversity “works like a shock absorber”. If it is altered, “it leads to all kinds of problems,” like the spread of COVID-19.

07 May 2020

06 May 2020

Analysts praised BBVA’s foresight as the group booked €1.43 billion in provisions during the first quarter to cover the expected impact of COVID-19 on its business. The Group’s capital ratio was another one of the quarter’s standouts.  The reports published by analysts also focused on BBVA’s strong top-line growth and the soundness of the messages conveyed by the bank’s management, particularly in connection with its expectations regarding provisions and capital generation.

05 May 2020

BBVA has joined the manifiesto ‘Green Recovery. Reboot and reboost our economies for a sustainable future’, promoted by the Chair of the European Parliament Committee on the Environment, Pascal Canfin. This alliance defends a sustainable recovery from the coronavirus crisis, and is comprised of politicians, businesses, non-governmental organizations (NGOs) and unions, among others. “In order to tackle the challenge of a quick recovery, we should start with a more sustainable development model,” said BBVA Group executive chairman Carlos Torres Vila.

04 May 2020

30 Apr 2020

Carlos Torres Vila, BBVA Group executive chairman and Onur Genç, BBVA CEO, presented the results for the first quarter of 2020 at an online press conference from their homes. Carlos Torres Vila stressed that now, “The most important thing is to look ahead and return to activity” to foster the economic recovery. This reopening should prioritize health, but “reactivate our productive network and employment.” In this sense, “everyone’s collaboration – governments, the private sector and society in general – will be fundamental to overcoming this crisis.” A recession that he predicts will last “for a limited time”.

BBVA’s recurring revenues (net interest income and net fees and commissions) grew strongly during the first quarter and the operating income was the highest of the past ten years. Also, the attributable profit absorbed the provisions established to anticipate the impact of the COVID-19 crisis. According to BBVA Group Executive Chairman Carlos Torres Vila, “the recurrence of our profits before provisions and our solid capital and liquidity position allow us to face the crisis from a position of strength and to front-load in this first quarter the provisions to hedge against the impact of the pandemic”.

Garanti BBVA’s posted a net income of 1.68 billion Turkish lira for the first quarter of the year. The bank’s total amount of assets stood at 456.17 billion Turkish lira, 65% of which are funded through deposits. Deposits grew by 7% percent in the first quarter, reaching 295.92 billion Turkish lira. The bank also contributed a total of 346.58 billion Turkish lira to the economy through cash and non-cash loans. Garanti BBVA’s capital adequacy ratio was 16.6%, with a return on average equity (ROAE) of 12.4% and a return on average assets (ROAA) of 1.5%.

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BBVA Group executive chairman Carlos Torres Vila said that during the COVID-19 crisis, the bank has been committed to “supporting our customers, offering individuals flexibility in their payments, and providing companies the liquidity they need to face this crisis.”  In the first quarter of 2020,  prior to the introduction of  public guarantee initiatives, the Group increased loans to businesses by €10 billion.

BBVA posted a recurring profit of €1.26 billion in 1Q20 (+6.4 percent yoy), driven by the highest operating income in ten years (+14.1 percent), and boosted by a good performance of revenues and a containment in operating expenses. Following front-loaded provisions of €1.43 billion related to the COVID-19 crisis, BBVA earned €292 million in the first three months of the year. Including the goodwill adjustment at the U.S. unit, the bank registered a €1.79 billion loss in the quarter.

28 Apr 2020

Egon Zehnder, a global consulting firm, is holding a round of digital meetings with CEOs of banks around the world to hear about their strategies to navigate the COVID-19 crisis and their insights into unprecedented situation. During a meeting held on April 4, BBVA CEO Onur Genç detailed the Group’s priorities in the face of the health emergency caused by COVID-19: safeguarding customer and employee health and continuing to deliver its services and supporting customers.

27 Apr 2020

BBVA and Allianz have reached an agreement to create a bancassurance partnership, aimed at jointly boosting the non-life insurance business in Spain. The partnership brings together two strong and innovative global leaders with common strategic priorities. It also combines the expertise of industry partner Allianz, a leader in innovation and product development in bancassurance, with BBVA’s client knowledge and network distribution, offering customers products and solutions to improve their financial health and that of their businesses. The agreement, which is subject to the approval of regulatory authorities, is expected to generate a net profit of c. €300 million and c. 7 basis points on BBVA Group fully-loaded CET1 capital ratio, according to the initial price set at c. €277 million. Additionally, Allianz could pay up to €100 million more, depending on a series of goals.

24 Apr 2020

Donations from BBVA employees around the world to fight coronavirus have reached one million euros. As part of its campaign ‘Your contribution is worth double’, BBVA has matched the amount donated by each employee, for a total of two million euros. The donation will be used to purchase healthcare materials, to support vulnerable communities across the bank’s footprint, and to research a cure for the disease. At the outset of the crisis, BBVA announced that it would contribute 35 million euros to fight the pandemic. This figure includes the bank’s one million euro contribution to the campaign in solidarity against COVID-19.

23 Apr 2020

22 Apr 2020

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The COVID-19 health crisis is bringing out the best of society. The solidarity and efforts of the workers the country needs at their regular places of work – known as essential workers – also represent a significant boost toward stopping the epidemic, and help make this quarantine easier to handle. One of the essential sectors for the economy is the financial sector. This new series on BBVA’s corporate website starts off with testimonies from Henar, Sergio and Nuria, employees at the bank’s network of branches in Spain.

21 Apr 2020

Since the start of the COVID outbreak, a plethora of mobile data collection applications have been developed to help users to report their symptoms and track the disease. In countries like South Korea these ‘apps’ have gone even further and provide authorities with the ability to alert users when they’ve been in direct contact with a confirmed positive case. In this article we take a look at how these applications work, what they are for and how they handle user information.

20 Apr 2020

The mathematical community has committed all its resources to support the fight against COVID-19. Specifically, the Spanish Mathematics Committee (CEMat) has launched Mathematical Action against Coronavirus, an initiative geared towards putting the Committee’s analysis and modeling capabilities at the service of authorities to help them better understand the problem and design possible solutions. David Gómez-Ullate and Justo Puerto, both recipients of several BBVA Foundation grants and scholarships, are two of the mathematicians who are contributing to the project.

17 Apr 2020

BBVA Group executive chairman Carlos Torres Vila and BBVA CEO Onur Genç participated in a virtual Live@BBVA event with more than 65,000 connections from employees. They provided answers to questions about how BBVA is dealing with the coronavirus crisis and sent a message of hope. “Together we can ensure that the recovery is stronger,” the chairman said. “It is time to step up and make a difference,” and to do so, “ “it is essential that we all – authorities, companies and society a whole – act in a coordinated manner.”

16 Apr 2020

The BBVA Foundation has awarded Susan Fiske and Shelley Taylor the Frontiers of Knowledge Award in the category of Social Sciences for her pioneering insights, which have elucidated the role of cognitive shortcuts in shaping social interactions. The American social psychologists, two of the most influential working today, have been instrumental for understanding how these shortcuts in mental processing intervene in the formation of value judgments about other people or social situations.

15 Apr 2020

BBVA Research has used big data technologies to examine the impact of COVID-19 on Spanish consumption. The conclusions reflect a 49 percent average decline in consumer spending. The analysis has led to a collaboration between researchers at BBVA Research, the University of Cambridge, the Imperial College of London, and the University of Edinburgh. The use of anonymous transactional data to gain a real-time reflection of reactions to the crisis and economic policies was justified for decision-making purposes.

14 Apr 2020

In order to emerge from the COVID-19 crisis as soon as possible, it is important to adopt measures designed to preserve jobs, especially for SMEs and the self- employed, said BBVA’s Group executive chairman. At this point, “We need to put ourselves in the position of the self employed and business owners,” Carlos Torres Vila said Monday night in an interview with Spanish radio station COPE. In this regard, he stressed the role of banks to help these business endeavors overcome the crisis.

10 Apr 2020

08 Apr 2020

The anti-malaria medication has made headlines in recent weeks as a potential solution against coronavirus. How accurate are these news reports? “Hydroxychloroquine does have properties that could turn it into a new asset,” says Elena Gómez-Díaz, a researcher at the Institute of Parasitology and Biomedicine ‘López-Neyra’ (IPBLN-CSIC) and recipient of a BBVA Foundation Leonardo Grant in 2017. The proven efficiency of hydroxychloroquine in malaria treatments could contribute to speeding up the development of a COVID vaccine.

07 Apr 2020

06 Apr 2020

Lending institutions belonging to the Spanish Banking Association (AEB) and the Spanish Federation of Savings Banks (CECA) are joining forces to announce a new voluntary measure to help mortgage customers affected by the COVID-19 outbreak, according to a statement from both entities. People with a mortgage on their first home who are affected economically by the coronavirus outbreak may apply for a deferral of up to 12 months in the capital repayment. Likewise, principal repayments on personal consumer loans are to be deferred for up to six months. This means that these customers will only pay the interests on the mortgage loan, which will reduce considerably the amount they were paying until now.

03 Apr 2020

BBVA’s has increased its initial €25 million commitment to €35 million to be used in to fight the coronavirus pandemic in the countries within its operating footprint. BBVA Group Executive Chairman Carlos Torres Vila recently explained that the bank must “step up” and use everything in its power and all its resources “to save lives, alleviate the economic impact, and help others overcome these difficult times.”

The appropriate design of a product can help reduce its environmental impact and make it last longer. More and more companies are turning to materials that are more durable and easier to recycle. One of the key aspects of product creation is predicting the possible repairs owner may have to make.

In the last few weeks the international community has called on the innovation ecosystem to band together in a coordinated fight against the coronavirus pandemic. A large number of initiatives have risen to the occasion, encompassing schemes that support startups, developers that propose technical solutions, and requests for institutions to share their data with the scientific community. These projects share a single goal: to combine forces, creativity, and resources in the fight against the virus and its far-reaching effects.

02 Apr 2020

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Noam Chomsky is one of the frequently cited intellectuals in history. Considered the founder of modern linguistics, he has written numerous essays that made their way around the world. In the field of linguistics, he introduced the ‘Chomsky hierarchy’, generative grammar and the ‘universal grammar’ theory.

01 Apr 2020

“The effects of the pandemic are devastating. Along with the irreparable loss of human life, both the virus and social confinement are contributing to a severe economic dilemma that cuts across society, including such susceptible segments like SMEs and the self-employed. At BBVA, we want to be as close to our customers as possible. Mitigating the socioeconomic impact of the coronavirus pandemic is crucial,” explained Lidia del Pozo, Director of Community Investment Programs at BBVA. During a webinar entitled ‘Responsible Banking during the COVID-19 Crisis,’ organized by the United Nations Environment Programme Finance Initiative (UNEP FI), representatives from financial institutions from around the world shared their strategies for addressing the pandemic and its impact on society.

The European Commission has published its taxonomy for sustainable finance, a classification instrument to help financial players and companies determine which activities qualify as sustainable. Investments in projects and activities that pursue the European Union’s environmental goals contribute to the transition towards a low carbon economy.

BBVA Foundation recognizes the Estonian composer with the Frontiers of Knowledge Award in the Category of Music and Opera for cultivating an original language, which has led to the creation of a unique sound world. In its citation, the jury underscores that Arvo Pärt’s creations are “a fresh approach to spiritual music, especially in his choral oeuvre, that reduces the musical material to the essence.”

31 Mar 2020

BBVA Momentum, BBVA’s program in support of social entrepreneurship, is proud of its participant entrepreneurs who consistently demonstrate their ability to innovate under the most difficult of circumstances. The coronavirus crisis is no exception. A number of the Momentum program’s Spanish startup graduates have put the full weight of their ingenuity and resources into providing workable solutions to improve people’s lives.

30 Mar 2020

BBVA’s Group executive chairman said that the bank has to “step up and make a difference” to do everything in its power to “save lives, mitigate the economic impact, and help others overcome these difficult times.” Carlos Torres Vila also announced that as an act of responsibility with society, customers and clients, shareholders and employees in the current context, “Those of us running the bank on a global level and in the different countries have decided to give up all variable compensation in the year 2020.” In a video made for employees, he maintained that BBVA is facing the COVID-19 crisis from a position of strength.

BBVA Group is staying ahead of the crisis with a global remote working plan that protects customers and employees alike. It has also ensured continued, uninterrupted operations for both consumer and business customers by strengthening digital access to its full suite of services. To contain the spread of COVID-19, BBVA has significantly reduced the number of employees working in its branch offices.

26 Mar 2020

Researchers, businesses, and innovators around the world are putting technology to work to alleviate the effects of the global health crisis. From applications that collect data to track the spread of the virus to 3D printed ventilators for hospitals: these are some of the various technology projects rising to the occasion in the fight against coronavirus.

25 Mar 2020

24 Mar 2020

23 Mar 2020

20 Mar 2020

19 Mar 2020

The BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management has gone in this twelfth edition to Philippe Aghion and Peter Howitt for their fundamental contributions to the study of innovation, technical change, and competition policy. The joint research of these two economists builds on Joseph Schumpeter’s idea that productivity growth at the macroeconomic level stems from a process of creative destruction in which the continuous entry of new firms and technologies renders the incumbents obsolete.

18 Mar 2020

17 Mar 2020

16 Mar 2020

13 Mar 2020

Carlos Torres Vila, Group executive chairman

  • Excellent figures: “In 2019 BBVA posted its highest net attributable profit of the past decade without one-offs”
  • New strategic priorities: We want “to improve our clients’ financial health and help them transition toward a sustainable future”
  • Dividend: BBVA is proposing at the AGM a complementary gross cash dividend of €0.16 per share. The total dividend for the year stands at €0.26 per share, which reflects a 36 percent of attributable profit, excluding the impact of the goodwill adjustment in the U.S.

Onur Genç, Chief executive officer

  • Business model: “Once again, we have demonstrated the strength of our diversified model”
  • Profitability: “We are number one in terms of profitability,” among 15 largest European banks

BBVA shareholders meet today in Bilbao (northern Spain), where the bank will hold its Annual General Meeting. Starting at noon, Group executive chairman Carlos Torres Vila and CEO Onur Genç will present the bank’s shareholders with the most significant 2019 accomplishments and the outlook for 2020.

12 Mar 2020

YouTube started publishing its Ads Leaderboard list in 2017, to showcase the best performing and impactful advertising campaigns on its channels. The streaming giant has just released the list of ads that garnered the best results in Turkey in 2019, and, once again, Garanti BBVA’s campaigns rank high on list. The list is drawn up based on a number of factors, including the number of organic and paid plays, viewing time and the full playthrough ratio of each ad.

11 Mar 2020

In light of the situation resulting from the coronavirus, BBVA recommends not attending the Annual General Meeting in person whenever possible. The AGM is to be held on March 13th, 2020, at the Euskalduna Conference Center in Bilbao. Additionally, in order to allow shareholders to exercise the remote vote, BBVA has extended the deadline to do so until Thursday, March 12, 2020, at 08:00 pm.

10 Mar 2020

BBVA’s 2020 Annual General Shareholders’ Meeting (AGM) is scheduled to be held next March 13, 2020, on first call, at the Euskalduna Conference Center in Bilbao. BBVA wishes and promotes the participation of its shareholders in such an important event for the company. For that reason, the bank has made available to its shareholders the appropriate channels to enable the exercise of their rights remotely, which are described in the Annual General Meeting section on the corporate website.

BBVA is operating as normal after activating additional measures on Tuesday following the recommendations made by the Ministry of Health and the Madrid and Basque regional governments, and after an employee at the bank’s Madrid headquarters tested positive for coronavirus (COVID-19). Following this positive case, the bank has closed the area where the employee worked, as well as some common spaces as a preventive measure. The rest of the bank’s facilities are operating as normal.

09 Mar 2020

In an interview published by the Spanish newspaper ABC, BBVA’s Group executive chairman took stock of recent years and anticipated the bank’s focus looking ahead with new strategic priorities. Carlos Torres Vila underscored that the bank has reached “the [capital] levels where we want to be.” Now that this has been accomplished, in the medium to long term “there is an opportunity to increase BBVA shareholder returns through dividends or share buybacks,” he said.

BBVA Global Wealth (GW), the BBVA Group private global banking unit has entered into an agreement with art advisory firm We Collect to expand its art advisory services to customers in Spain and Switzerland. One of BBVA GW’s goals is to promote non-financial art-related issues, incorporating new opportunities for customers throughout 2020.

06 Mar 2020

05 Mar 2020

Pablo Inchausti works at BBVA Argentina and is a very special member of the ‘Ninja’ initiative. In 2019, he became the first person to earn a black belt as part of this program designed to promote and give visibility to BBVA’s technological talent. Now he’s willing to help more and more colleagues do the same.

BBVA’s ‘Ninja’ initiative is a pioneering program designed to allow any employee to acquire technological knowledge and skills thanks to the use of gamification techniques and training offered by the best tech companies and educational platforms in the market. Following its success in the units more linked to the Group’s technological transformation –where nearly 9,000 employees are currenlty enrolled–, it will expand to new areas of the bank in 2020.

03 Mar 2020

02 Mar 2020

28 Feb 2020

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed on February 28, 2020 with the Securities and Exchange Commission BBVA’s Annual Report on Form 20-F for the year ended December 31, 2019.

The Annual Report can be found on BBVA’s Investor Relations website http://shareholdersandinvestors.bbva.com in the section dedicated to Financial information 2019.

27 Feb 2020

BBVA is the first financial institution in Spain to distribute cards made of recycled plastic. This launch is part of the bank’s commitment to the fight against climate, and adopt initiatives that contribute to the Sustainable Development Goals. The new cards, which are currently in the early stages of production, will begin circulating in the month of May. They will initially be available for those holding BBVA accounts for young people (Cuenta Joven BBVA).

26 Feb 2020

For more than 20 years, Garanti BBVA has been leading and actively contributing to the development of Internet and mobile banking in Turkey. Last year was full of advances, prompting research firm Forrester to name Garanti BBVA’s mobile application as the second best in the world, only after BBVA Spain’s application.

BBVA is a customer-centric global financial services group founded in 1857. The Group operates in more than 30 countries and has a strong leadership position in the Spanish market, is the largest financial institution in Mexico, it has leading franchises in South America and the Sunbelt Region of the United States. It is also the leading shareholder in Turkey’s Garanti BBVA.

25 Feb 2020

BBVA has mobilized €29,90 billion since it rolled out its Pledge 2025 initiative two years ago to contribute to the fight against climate change. It is almost one third of the €100 billion that the pledge envisages. The 2019 figure includes transactions in green financing (63 percent of the total); financial inclusion and entrepreneurship (13 percent); social infrastructures and agroindustry (9 percent) and other sustainable finance (15 percent).

24 Feb 2020

21 Feb 2020

The electronic forensic investigation starts with the application of a series of keywords to people’s electronic devices that, according to the information available, are thought to have had information of interest about the facts, may have had or not participation in them (the so-called ‘custodians’). Devices may include both computers and other electronics used by the custodians as well as data available in servers, in both emails and other files.

The three 2019 BBVA Momentum winning social enterprises in the United States will attend the global event marking the close of this iteration of the program (to be held in Madrid on March 3rd) where they will share the full force of their business models. The three companies will participate in the premier social entrepreneurial event showcasing their initiatives, which seek to foster diversity, education, and access to healthcare in the communities they serve.

20 Feb 2020

BBVA is now offering its shareholders the possibility of exercising their right to vote or the delegation of this right through three channels: the websites bbva.es and bbva.com, and the bank’s mobile banking app. These voting and delegation options are available from February 19th through March 12th. BBVA’s Annual General Meeting is planned for March 13th in Bilbao.

19 Feb 2020

The BBVA Foundation has awarded Isabelle Guyon, Bernhard Schölkopf and Vladimir Vapnik with the Frontiers of Knowledge Award in the Information and Communication Technologies category, for helping advance the field of artificial intelligence with their seminal contributions to machine learning. Their work has been applied to fields as diverse as medical diagnosis, computer vision, natural language processing and the monitoring of climate change.

BBVA Momentum ends its 2019 program with the celebration of a global event in Madrid. International players in the sector and the three most promising entrepreneurs from each participating country will attend the event. The event will close the most ambitious year for the program, which accelerated the growth of 169 social businesses from Colombia, the United States, Mexico, and Turkey.

18 Feb 2020

BBVA’s Group Executive Chairman participated this Monday in the presentation of ‘Superpowers of Artificial Intelligence’, the latest book by Kai-Fu Lee, one of the world’s most authoritative voices in the field of Artificial Intelligence. Both were invited to feature as speakers in a discussion panel and share their insights into the technological revolution and how it is reshaping society. “Through data and artificial intelligence we can improve our customers’ financial health,” said Carlos Torres Vila.

17 Feb 2020

Quantum computing has taken a short time to make a big leap: from R&D laboratories to corporate meeting rooms. BBVA began its quantum journey almost two years ago and now has a team specialized in quantum development, business units involved in the initiative, strategic alliances agreed, and various lines of research in place.

14 Feb 2020

BBVA increased its 2019 contribution to the communities it serves, allocating €113.8 million to social initiatives, thus benefiting 11.5 million people around the world, up 42 percent from the previous year. Of this investment, 85 percent is earmarked to the three areas defined as priorities in the Community Investment Plan: financial education; social entrepreneurship; and knowledge, education and culture.

MAPFRE has strengthened its life-savings insurance product portfolio with the launch of Unit Linked Valor Activo III. The product is linked to the performance of the Eurostoxx index and to a BBVA social bond. The bank will devote the proceeds to fund social projects. With this new operation, BBVA is supporting the Spanish insurance company’s efforts in broadening its sustainable commercial offering.

BBVA CEO Onur Genç recently visited the U.S. operations of BBVA in a homecoming of sorts. As the President and CEO of the global financial services company’s U.S. subsidiary in 2017 and 2018, Genç is highly familiar with the bank’s U.S. operations, and the team was glad to welcome him back for a series of meetings meant to encourage the market as they begin the execution phase of the bank’s new 5-year strategic plan.

13 Feb 2020

In an interview published in the latest edition of Compromiso RSE, Antoni Ballabriga, Global Director of Responsible Business at BBVA and Co-Chair of the Global Steering Committee for the United Nations Environment Programme Finance Initiative (UNEP FI), stressed that: “The financial sector’s sustainable partnership with the United Nations is more active than ever.” An initiative he feels promotes a financial industry that has a positive impact,  serving people and the planet. “It’s something that it hopes to achieve by inspiring, informing and enabling financial institutions to improve people’s quality of life without compromising that of future generations,” he explains.

BBVA is gearing up for the first anniversary of the global unification of its brand identity. The introduction in the bank’s different locations is progressing at a good pace, thanks to the coordinated work of local teams to change both physical and digital assets. In fact, some countries like Argentina and Uruguay have already completed the process. On a global scale, in less than a year, over 3,600 branches around the world have been changed, and 1,000 logos have been adapted on different channels.

12 Feb 2020

BBVA today released its 2019 annual compensation report for its board members, the first that includes sustainability as a non-financial indicator in the variable compensation for the executive chairman. In 2020, the CEO will also have an indicator that will measure the bank’s strategic commitment to climate change and sustainable development. The 2019 compensation policy (applicable for 2019, 2020 and 2021) was already announced last year. It was approved with 94.8 percent of the votes at the Annual General Meeting in March last year.

BBVA’s Executive Board Member analyzed in Frankfurt the main challenges that Europe will face in the decade ahead and how they will affect banks. José Manuel González-Páramo noted that, on top of political and economic challenges, Europe will need to tackle “the double disruption that digital transformation and climate change will bring” and which will impact not only its economy, but also its financial institutions.

11 Feb 2020

10 Feb 2020

BBVA is to propose at the Annual General Meeting the appointments of Ana Revenga, Raúl Galamba and Carlos Salazar as new board members. With this announcement, BBVA fosters diversity of its highest decision-making governing body in several areas: female board members will now account for a third of the Board, meeting the goal set for 2020; and foreign board members will represent 40 percent. Areas of knowledge as relevant as sustainability will also be reinforced, especially from a social and aid development standpoint, as well as the global financial system and the Mexican financial sector, in particular. Following these changes, the Board will have two thirds of independent members.

05 Feb 2020

BBVA’s Center for Financial Education and Capability is celebrating its third anniversary on February 6th. Since it was first established, this platform, which seeks to promote financial education as a driver to improve people’s financial health, has benefited from the collaboration of 100 different organizations participating in its initiatives. The center also serves as a complete information repository on the subject, and has showcased nearly 250 reports and publications and 140 best practices around the world.

04 Feb 2020

The BBVA Foundation has recognized three marine biologists — Carlos Duarte, Terence Hughes, and Daniel Pauly — with the Frontiers of Knowledge Award in the category of Ecology and Conservation Biology. Their research has expanded our knowledge about the Earth’s oceans and has contributed to the protection and conservation of marine biodiversity and ocean ecosystem services.

03 Feb 2020

Carlos Torres Vila presented BBVA’s 2019 results today, “a year with record-high income” for the bank. BBVA’s Group executive chairman went over the bank’s biggest accomplishments since the presentation of the strategy in 2015 and also announced new strategic priorities. Of these, he emphasized two. On the one hand, “we want BBVA to be a trusted partner to improve our customers financial health”. And on the other, “we want to help them in the transition to a sustainable future.”

31 Jan 2020

Recurring revenues (net interest income and net fees and commissions) continue growing robustly, reaching a record high in 2019. According to BBVA Group executive chairman Carlos Torres Vila, the bank obtained outstanding results despite a macroeconomic environment that was more complex than expected. “Looking toward the future, at BBVA, our goal will be to dig deeper into our strategy, integrating the interests of customers, employees, shareholders and society as a whole, balancing economic, social and environmental perspectives in everything we do,” he indicated.

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Following the publication of 4Q19 earnings, BBVA Group executive chairman Carlos Torres Vila explained today that: “BBVA has achieved outstanding results in 2019, thanks to record-high recurring revenue.” This, in conjunction with exemplary cost management, has helped us “reach an ex items profit of €4.83 billion — our highest since 2009.”

BBVA Group earned €4.83 billion excluding one-time items in 2019 (+2.7 percent from the previous year), the highest figure since 2009. The results were driven by an increase in recurring revenue and the containment in operating expenses. Including the impact of the goodwill adjustment at its U.S. franchise in 4Q19 and the capital gains from the sale of BBVA Chile in 2018, the net attributable profit declined 35 percent yoy, to €3.51 billion. The bank is to propose for the consideration of the competent governing bodies a gross cash dividend of €0.16 per share to be paid in April 2020, maintaining the same amount as the previous year.

30 Jan 2020

ROE stands for “Return on Equity” and is the most used measurement of a company’s profitability. It is calculated by dividing the company’s net income by shareholder equity (or the company’s assets minus its debt).

29 Jan 2020

28 Jan 2020

The net interest income is the difference in euro between financial income and financial costs; that is, the difference between an asset’s profitability (the credit lines and loans that the institution has on its balance sheet, mainly) and the interest that the bank pays for the resources it needs to finance that asset (such as customer deposits and wholesale financing).

27 Jan 2020

BBVA is celebrating the World Day for Reducing CO2 Emissions by reaffirming its environmental policy to develop a more sustainable economy. BBVA has committed to be neutral in terms of CO2 emissions in 2020. As of January 1st, it has assigned an internal price for its emissions, thus incorporating this factor into decision-making processes, as BBVA Group Executive Chairman Carlos Torres Vila recently announced. This measure is part of BBVA’s broader effort to align its activity with the Paris Agreement and cut its direct and indirect emissions. BBVA will light its Madrid headquarters building in blue in commemoration of this international day.

To calculate a bank’s relative productivity, the market uses what is called an efficiency ratio. This indicator calculates the income earned for the expenses required to achieve said income over a given period of time. An institution’s efficiency ratio, expressed as a percentage, is the result of the ratio between operating expenses and the gross margin. For example, if the efficiency ratio is 60% it means that to earn 100 euro, an institution needs to spend 60. Therefore, the lower the percentage, the more efficient the institution.

24 Jan 2020

BBVA’s Group executive chairman participated in a debate organized by CNBC at Davos to discuss what financial institutions can do to mobilize resources for a more sustainable development. Carlos Torres Vila pointed to the bank’s commitment – not only to mobilize resources, but to accompany its clients in this change. “Advising our clients in their environmental transition is an integral part of BBVA’s strategy,” he said.

23 Jan 2020

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This year, a top priority at the Davos Forum is fostering a more sustainable development, a goal that BBVA is completely committed to. Speaking from Davos, chairman Carlos Torres Vila announced that, between 2018 and 2019 “we have already mobilized €30 billion, a figure that represents a major achievement.” This is almost a third of the €100 billion in sustainable finances that BBVA pledged to mobilize between 2018 and 2025.

22 Jan 2020

21 Jan 2020

20 Jan 2020

The European Investment Bank (EIB) and BBVA are joining forces to provide financing on favourable terms for Spanish SMEs. EU bank Vice-President Emma Navarro and BBVA CEO Onur Genç signed an agreement today in Madrid enabling the Spanish bank to provide EUR 600m to support the investments of small and medium-sized enterprises (SMEs). With this agreement, BBVA will be able to offer them favourable financing in terms of both maturity and interest rates.

The B20 – or “G20 for businesses” – is a forum of private international companies that provides recommendations to the G20 to address the most relevant challenges of the global economic and financial agenda. This year, Saudi Arabia will preside over the meeting. BBVA has played a very active role in the B20 since 2015, thanks to BBVA Executive Board Member José Manuel González-Páramo, who serves as Vice Chair of the Finance and Infrastructure Task Force.

The use of quantum algorithms in artificial intelligence techniques will boost machines’ learning abilities. This will lead to improvements in the development, among others, of predication systems, including those of the financial industry. However, we’ll have to wait to start these improvements being rolled out.

17 Jan 2020

16 Jan 2020

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What is stoicism and how can it help us manage a life crisis? A doctor and professor of philosophy, Massimo Pigliucci faced a critical juncture with the death of his father and undergoing a divorce. He looked to the ancient philosophers for answers and discovered “virtue ethics,” an approach to life that advances human improvement through the development of values.

BBVA’s ecosystem of innovation and fintech talent was key to the success of Lucas. This startup, which facilitates access to the purchase of a home, was able to find its main partners, develop a platform and launch its product on the market thanks to its access to BBVA Open Space’s network of contacts and advice. Now the startup is preparing for its first round of seed funding.

14 Jan 2020

The new year kicked-off with a deluge of corporate issuances. Last week Europe’s bond market had its biggest week ever, with sales of new bonds totaling over €90 billion. Financial institutions accounted for approximately half of the total (€43 billion). BBVA issued two bonds that were warmly welcomed by investors.

BBVA has partnered with the authentication solutions company Nok Nok Labs — one of the driving forces behind the new FIDO (Fast Identity Online) standard aimed at strengthening the security of biometric systems on mobile devices. The agreement is part of BBVA’s strategy to improve the security and user experience of its mobile banking services through state-of-the-art biometric capabilities.

The new Fast Identity Online (FIDO) standard reinforces the security of online identity authentication systems on mobile devices and web applications. Its goal is to replace the exclusive use of passwords with more secure biometric authentication mechanisms that are protected by encryption systems.

10 Jan 2020

09 Jan 2020

The BBVA Foundation has honored “the fundamental contributions” of American researcher Kerry Emanuel to understanding the essential physics of hurricanes with the Frontiers of Knowledge Award in the Climate Change category. The twelfth edition of the awards has recognized the pioneer work of this professor of Atmospheric Sciences at Massachusetts Institute of Technology (MIT), for being the first to link this phenomenon with the warming of sea surface waters driven by climate change.

08 Jan 2020

As part of Garanti BBVA’s goal to enhance customer experience on the go, the bank is now offering customer service on a corporate WhatsApp account. The new WhatsApp service allows customers to resolve their problems quickly and get detailed information on the bank’s products and services  – all on a channel they already use on a daily basis.

According to BBVA Research’s latest Country Risk Quarterly Report, financial tensions have eased across all regions, markets, and asset classes with the exception of Latin America. Emerging Asia is the only region where all variables for the macroeconomic vulnerability radar analysis stand below their corresponding risk thresholds. Between 2018 and 2019 there were no significant changes to the degree of macroeconomic vulnerability across all developed economies, whereas within emerging regions, changes were concentrated in Latin America.

07 Jan 2020

BBVA kicked off 2020 with a €1.25 billion non-preferred 7-year bond issue, the year’s first by a Spanish bank. The bond received a warm welcome from investors and was two-times oversubscribed, with demand exceeding €2.6 billion and drawing a high-quality order book. All this enabled BBVA to price the bond at 70 basis points over mid swap, compared to the initial guidance of 90 basis points.

06 Jan 2020

03 Jan 2020

Garanti BBVA Executive Vice President Didem Dinçer Başer joined the Women in Technology (Wtech) Association at their inaugural event, ‘Human Diversity in Technology.’ The Wtech Association aims to increase the number of women in technology by helping them fulfill their potential and advocating for equal opportunities. Didem Dinçer Başer participated in a panel entitled ‘Future with Technology’ where she discussed the future of digital banking and ever-changing customer expectations.

02 Jan 2020

31 Dec 2019

30 Dec 2019

Garanti BBVA and the Export-Import Bank of China have agreed to a $300 million, three-year loan to be used by Turkish companies to finance imports from China. A partner and trusted advisor to its clients engaging in international trade, BBVA’s Turkish unit forges international agreements in order to be able to offer customized financing solutions to this commercial segment. The agreement with China’s Exim Bank demonstrates the strength of Garanti BBVA’s long-lasting relationships with Chinese banks.

27 Dec 2019

26 Dec 2019

Over the past year, BBVA Open Innovation, the area of the bank that works to connect with the FinTech ecosystem, has generated 310 interactions between entrepreneurs and business areas. Thanks to these contact points, BBVA successfully carried out 16 pilot tests with startups in 2019 alone, one third of which are now in the marketing phase. In addition, a further 38 collaborative initiatives are in the process of being defined and implemented.

24 Dec 2019

23 Dec 2019

Sustainability is a core part of BBVA’s strategy. This strategy encompasses the bank’s Pledge 2025, which is founded on three pillars: 1) to secure €100 billion for green financing, sustainable infrastructure projects, social entrepreneurship, and financial inclusion. In the 18 months prior to and through June 2019, the bank had already secured €22 billion, close to 20 percent of its goal; 2) to manage environmental and social risks in order to mitigate direct and indirect impacts. BBVA will place an internal price on its CO2 emissions, which will be factored into its decision-making processes. All this will contribute to the bank’s goal of being carbon neutral in 2020; and 3) to engage with all stakeholders in order to collectively advocate for sustainable development within the financial industry. In 2019, the bank spearheaded the initiative that resulted in the Principles for Responsible Banking, and it signed up to the banking sector’s Collective Commitment to Climate Action.

20 Dec 2019

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The Madrid Climate Summit hosted the ‘New Finance Leadership’ round table with participation from BBVA’s Executive Chairman, along with Nadia Calviño, Spain’s Minister of Economy and Business; Margarita Delgado, Deputy Governor of the Bank of Spain; Inger Andersen, Executive Director of the United Nations Environment Programme (UNEP); and José Antonio Alvarez, CEO of Banco Santander.

19 Dec 2019

According to current available data and profits forecasts, BBVA estimates a potential negative adjustment in the goodwill value at its U.S. business unit. This adjustment is mainly related to the evolution of U.S. interest rates and the economic slowdown in that country. The accounting adjustment has no impact on tangible net equity, capital, or liquidity of BBVA Group, nor on its ability to distribute dividends or the amount of the dividend payment, which will be proposed to the Board of Directors for its approval.

18 Dec 2019

16 Dec 2019

The “BBVA Pensiones V” fund received the award for best equity pension fund in the annual event organized by the magazine, Investment & Pensions Europe (IPE). The same fund was a finalist in the ‘Emerging’ category, while the Enagás pension fund — also managed by BBVA Asset Management — was a finalist in the ‘Passive Management’ category.

13 Dec 2019

Last week, BBVA officially opened its latest Open Space, in Bogotá. Located in the heart of the Colombian capital, it is the third such space opened by the bank. The site, which led a previous life as a BBVA Innovation Center, has been under construction for the past year in preparation for its relaunch as Open Space Bogotá. Jaime Espinosa, Director of BBVA Open Innovation in Colombia, explains why the bank decided to launch a new Open Space, and the impact he hopes it will have on the local fintech community.

The Garanti BBVA mobile application uses biometric authentication technology to provide customers a better user experience and increased security. The bank’s customers’ warm response — registering more than 800,000 activations using iris recognition per month— validates the bank’s investment in the technology.

12 Dec 2019

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Alex Beard has spent a decade dedicated to educational research. He is a member of Teach for All, a worldwide network of independent educational organizations that seek to ensure that all children are given the opportunity to fulfil their potential. He has traveled the world studying the most innovative, ground-breaking educational methods. Of everything he has learned on his travels, he stresses that we should “take creativity more seriously” and that we are at the threshold of an “educational revolution”.

11 Dec 2019

Investment in growth in the European Union is less now than it was before the last financial crisis, despite the many modern-day challenges: the digital revolution, climate change, an aging population, migration, to name a few. José Manuel González-Páramo discussed this issue at the Rome Investment Forum held in the Italian capital. The BBVA executive board member stressed that long term investment capacity in Europe should focus on two crucial challenges: adapting to a more sustainable growth model and investing in strategic digital capabilities.

10 Dec 2019

“We are in a climate emergency. It is currently the most pressing challenge humanity must face, and we have to be fast in taking action,” declared BBVA CEO Onur Genç, who recognized the important role sustainable finance plays in achieving the goals of the Paris Agreement. In a panel on the financial sector and sustainability at the Climate Change Conference in Madrid, BBVA’s CEO underscored the financial institution’s role in accompanying clients in this crucial environmental transition.

BBVA’s practices in support of human rights have been assessed and recognized as one of world’s best in ‘The BankTrack Human Rights Benchmark 2019’ a industry benchmark report published Banktrack. BBVA’s overall mark – 7.5 points, after improving 4 points with respect to the 2016 edition, the highest increase by any of the 50 banks analyzed – placed the bank fourth in list released by the NGO, behind ABN AMRO and Rabobank (Netherlands) and Australia’s ANZ.

09 Dec 2019

06 Dec 2019

04 Dec 2019

The global economy is in the mature phase of the cycle, with an outlook for growth below potential in most countries. However, the rise in stock exchanges in 2020 should be largely due to valuation and, to a lesser extent, profit. “For the first time in recent years we see more potential in the European stock exchanges than in the S&P 500,” said Joaquín García Huerga, head of Global Strategy at BBVA Asset Management, during the presentation of “Market Vision 2020.”

The rise in the global temperature has negative effects on the planet – effects that are difficult to revert in some cases. Increasing frequent heat waves, devasating fires – like the recent fires in California – and natural disasters like tropical cyclones, floods and droughts, have had an enormous impact on the environment and socioeconomic development.

03 Dec 2019

02 Dec 2019

29 Nov 2019

BBVA’s Executive Board Member, José Manuel González-Páramo, discussed the current status and outlook for the global economy at the 24th S’Agaró Economic Symposium. His main message was that: “The deceleration of the global economy seems to be stabilizing”, with growth close to its potential. He therefore ruled out the “risk of recession”, which “is not the base scenario in the short-term.”

28 Nov 2019

To celebrate International Information Security Day, which will take place on November 30th, BBVA is dedicating the week to raising awareness of the risks in the digital world. In this interview, Ana Gómez Blanco, Head of Culture in Cybersecurity at BBVA, explains how initiatives like this are a fundamental component of corporate security and the key to helping employees and their families make their habits “cybersafe”.

27 Nov 2019

BBVA will actively participate in the United Nations Conference on Climate Change (COP 25), which will be held in Madrid, starting on Monday, December 2. Some of the confirmed events include a round table discussion where BBVA Group executive chairman Carlos Torres Vila – together with representatives from other banks – will discuss new climate leadership. In addition, there will be a sustainable meal, sponsored by BBVA and prepared by the Roca brothers for heads of state and government officials.

26 Nov 2019