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Communications

Today

15 Mar 2024

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Carlos Torres Vila, Chair

  • Impact on society: “In 2023, we increased our positive impact on all countries where we operate”.
  • Shareholder distributions: “We are proposing to the AGM the distribution of more than €4 billion, 50 percent of the annual net attributable profit”.
  • Future outlook: “In 2024, we will continue to grow profitably, creating opportunities for everyone”.

Onur Genç, CEO

  • Earnings: “Our performance puts us at the top of the European banking industry in activity growth, profitability and efficiency”.
  • Customer-focused: “We will continue focusing on our strategy based on innovation and digitization, which will allow us to offer a better service to our customers”.
  • Team: “The excellent earnings we are presenting are the result of the work of more than 120,000 employees who are part of BBVA”.

In 2023, BBVA had great achievements financially and also in terms of value creation for all of its stakeholders. “BBVA’s ability to combine growth and profitability sets us apart from our competitors,” said Chair Carlos Torres Vila at the Annual General Meeting (AGM), held Friday in Bilbao, in northern Spain. During his speech, he predicted that following a record year for BBVA in profit and impact on society, “2024 will be even better.”

14 Mar 2024

11 Mar 2024

Luisa Gómez Bravo has been CFO of the Group since September 2023. She recognizes that the first few months in her new role have been very intense. After all, the Finance unit is responsible for the Group’s financial planning and monitoring, for capital, for managing liquidity and structural balance sheet risks, for relations with the Group’s investors and shareholders, and many other functions. After a historic 2023 in financial terms, Gómez Bravo predicts that 2024 will be another great year for BBVA. This will be possible, she maintains, thanks to the Group’s structural strengths:  leading franchises in high growth markets and a strategic focus based on the opportunities provided by innovation, digitization and sustainability. And these focal points have been the main drivers of the bank’s growth. “BBVA’s ability to combine profitability and growth is unique in the European banking sector and it sets us apart from our competitors,” she stressed.

08 Mar 2024

BBVA closed 2023 reporting good progress in decarbonizing its credit portfolio. Improvements in plan delivery reached 24 percent in key sectors —such as oil and gas— for which 2030 targets were set. As of December 2023, 80% of the finance portfolio in high-emission sectors relates to clients actively managing their transition, according to the latest TCFD report published by the bank.

07 Mar 2024

The global financial services group Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) signs a Strategic Whole Portfolio Agreement with Cisco. The agreement gives BBVA access to Cisco’s full software portfolio, world-class technology and Customer Experience (CX) services, supporting the bank’s digitization journey. Five-year agreement enables BBVA to integrate continuous innovation into daily operations, enhancing speed, agility, and offering the latest in digital financial services.

06 Mar 2024

05 Mar 2024

This Tuesday, BBVA placed US$2 billion in a senior debt issue structured in two tranches: a five-year senior 'preferred' bond and an 11-year senior 'non-preferred' bond. 1,000 million dollars have been placed in each tranche, thanks to a very high demand, which has reached 6,500 million dollars, thus tripling the final amount placed. The closing price in both sections has been very competitive. The senior preferred bond has closed at T+125 basis points (compared to an initial price of T+150 basis points), while that of the 'non-preferred' senior has been fixed at T+190 basis points, below the T+215 basis points of departure.

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A strong performance in 2023 and forward strides in strategy driven by digitization, innovation and sustainability enabled BBVA to continue to play a key role in the transformation of the economy and create opportunities for all its stakeholders: customers, shareholders, employees and wider society.

04 Mar 2024

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BBVA Chair Carlos Torres Vila speaks to the bank’s shareholders in this video commemorating the upcoming Annual General Meeting in Bilbao. In his message, he emphasizes BBVA’s growth in 2023 - in terms of customers, business, results and profitability. This growth has made it possible for the bank to increase its positive impact, and to continue creating opportunities for all of its stakeholders: customers, employees, shareholders and society as a whole. Furthermore, he stressed BBVA’s total distributions to shareholders, which surpassed €4 billion in 2023, or half of the bank’s earnings from the year. The BBVA Chair expects 2024 to be another great year for the bank, combining growth and profitability.

01 Mar 2024

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed on March 1, 2024 with the Securities and Exchange Commission BBVA´s Annual Report on Form 20-F for the year ended December 31, 2023.

The Annual Report can be found on BBVA’s Investor Relations website http://shareholdersandinvestors.bbva.com in the section dedicated to Financial information 2023.

New clean technologies, or 'cleantech,' will play a key role in the decarbonization of the economy. To make this possible, however, the private sector must make a firm commitment to the sustainable agenda, leading to decisive, long-term investment in firms that develop clean technologies. These were the points emphasized by speakers at the 3rd BBVA Sustainability Forum, which the bank held in the auditorium of Ciudad BBVA, Madrid, Spain, with a livestream feed. 'Opportunity' was a key word in almost every speech.

BBVA is to start on Monday, March 4th, a new share buyback program for €781 million, having received the necessary clearance from the European Central Bank. The buyback is part of shareholders’ regular distributions for 2023. In total, BBVA will distribute €4.01 billion (50 percent of the net attributable profit from last year) to its shareholders, including the dividend and this share buyback program.

29 Feb 2024

BBVA widens its sustainable business with a global finance unit that will focus on cleantech innovation, announced BBVA Chair Carlos Torres Vila at the 3rd BBVA Sustainability Forum, held Thursday at the bank's headquarters in Madrid. The specialized team, based in New York, London and Madrid, will offer lending and advisory services.

28 Feb 2024

The BBVA Foundation Frontiers of Knowledge Awards in Economics, Finance and Management has gone to Partha Dasgupta (University of Cambridge) for his work on the interaction between economic life and the natural environment. This research gave rise to environmental economics and “provided a framework for green accounting which is now widely adopted for measuring sustainable development,” the award committee noted.

26 Feb 2024

23 Feb 2024

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“By definition, companies need to push profits. The good news is that there are already some technologies that work and are profitable”, remarks Javier Rodríguez Soler, Global Head of Sustainability and CIB at BBVA. In a recent interview with Brendan Wallace, CEO of Fifth Wall, Rodríguez Soler explains BBVA’s commitment to investing in companies that research and develop sustainable technologies that champion the decarbonization of the economy.

22 Feb 2024

21 Feb 2024

19 Feb 2024

15 Feb 2024

The Turkish central bank recently granted Garanti BBVA an operating license for its new subsidiary, Garanti Payment and Electronic Money Service, Inc., effective February 15, 2024. The innovative new company will begin offering a selected group of customers a beta version of its digital payment solutions under the TAMİ brand in March.

14 Feb 2024

07 Feb 2024

Japanese researcher Takeo Kanade has received the BBVA Foundation Frontiers of Knowledge Award in the Information and Communication Technologies category for developing the algorithms that underlie the current capabilities of computers and robots in comprehending and interpreting visual images and scenes. His work has enabled key technologies such as self-driving vehicles, robotic surgery and facial recognition systems, and has revolutionized the broadcasting of sports events.

06 Feb 2024

BBVA’s Board of Directors is to propose the appointment of two new members, Cristina de Parias, (as external board member) and Enrique Casanueva (as independent). They both have extensive experience and expertise in banking, having held top positions in financial institutions in key markets for BBVA. Furthermore, the female representation at the Group's Board will now increase from six to seven women, of a total of 15 members (47 percent), while the number of independent members will remain a majority, at 67 percent.

02 Feb 2024

31 Jan 2024

The research undertaken by Mexican ecologists Gerardo Ceballos (National Autonomous University of Mexico) and Rodolfo Dirzo (Stanford University) in Latin America and Africa has shown that the current species extinction rates in many groups of organisms are much higher than throughout the preceding two million years, according to the committee of the BBVA Foundation Frontiers of Knowledge Award in Ecology and Conservation Biology.

On Wednesday of this week, BBVA placed €1.25 billion in a 12-year Tier 2 subordinated debt issue, with a call option at seven years. The market response has been excellent, with demand reaching nearly €6 billion, five times the amount ultimately allotted. The price was set at mid swap + 240 basis points, significantly below the starting price (mid swap + 275 basis points).

30 Jan 2024

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In 2023 the BBVA Group added 11.1 million new customers and increased lending nearly 8 percent yoy. The bank also channeled €70 billion in sustainable business, exceeding the €200-billion mark since 2018. BBVA posted a record net attributable profit of €8.02 billion in 2023, up 22 percent yoy (+35 percent in constant euros)¹. Recurrent earnings per share rose even more, 27 percent, driven by share buybacks executed in 2023. BBVA will pay a cash dividend €0.55 per share against 2023 earnings², 28 percent more than in 2022, and will launch a new share buyback program for €781 million³. In total, BBVA will distribute more than €4 billion to its shareholders.

¹Recurrent net attributable profit growth, excluding in the comparison the net impact of the purchase of offices from Merlin in Spain in 2022 (€-201 million).
²Of this amount €0.16 per share was paid in October as an interim dividend against 2023 earnings. The additional payment of €0.39 per share is subject to the approval of the governing bodies.
³Pending approval from the governing bodies and subject to mandatory regulatory approval.

Garanti BBVA announced its 2023 earnings. The bank’s net income for the year stood at TL 86.91 billion, total assets reached TL 2.20 trillion and the loan portfolio of cash and non-cash loans was TL 1.61 trillion. Deposits remained the main source of funding, representing 73 percent of the bank’s total assets with TL 1.6 trillion. This represents an increase of 77 percent in 2023. Garanti BBVA’s capital adequacy ratio was 16.5 percent,* return on average equity (ROAE) was 44.5 percent and return on average assets (ROAA) was 4.9 percent.

25 Jan 2024

24 Jan 2024

Ulrich Hartl, Arthur Horwich, Kazutoshi Mori and Peter Walter receive the BBVA Foundation Frontiers of Knowledge Award in Biology and Biomedicine for having successfully identified the cellular machinery that drives protein folding, an key process enabling them to fulfill their biological function. Their research, which disproved the findings of Nobel laureate Christian Anfinsen, has opened the door to the development of new experimental treatments for cancer and certain neurodegenerative diseases.

BBVA’s app is the main channel customers use to contact the bank. Over 75 percent of customers around the world use the app. With this level of outreach, the current challenge for BBVA entails getting customers to use the new features and do more mobile transactions. To achieve this, the bank has developed a strategy to improve the digital intensity of its customers, with which it has increased interactions on the app by 32 percent in just one year, largely driven by the financial health services.

16 Jan 2024

15 Jan 2024

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BBVA Chair Carlos Torres Vila stressed that 2023 was good for the bank in strategic, and financial terms, and especially in terms of its contribution to society. All of this was reflected in the bank’s stock performance, and its attractive distributions to shareholders. He is once again expecting growth in banking activity in 2024 thanks to the Group’s leading franchises and its strategy focused on digitization, innovation and sustainability. Therefore, “2024 will be another great year for BBVA, with greater contribution to social and economic progress,” he said in an interview.

12 Jan 2024

11 Jan 2024

10 Jan 2024

BBVA, together with Bank of America Securities and Citigroup Capital Markets, led Ecopetrol’s new issuance of corporate debt in the U.S. market in the amount of $1.85 billion. This placement consolidates BBVA’s role as one of the top financial institutions in the structuring, placement and sale of corporate bonds.

Garanti BBVA is streamlining the loan approval process for retail customers seeking vehicle finance. Utilizing the Instant Loan from Dealer (BAK) feature, customers can swiftly complete transactions with digital document approval through Garanti BBVA Mobile app, ensuring an efficient and seamless experience.

08 Jan 2024

04 Jan 2024

BBVA is looking to spot and train the best in-house talent in the use of the large language models (LLMs) that are behind the success of the likes of ChatGPT, as it drives the exploration of projects based on generative artificial intelligence. To succeed in this task, it recently organized a DataRally, a competition in which some 440 employees tested their ability in interacting with one of these models. Impressed by the positive feedback received from participants, the bank may now apply the DataRally concept to the generative AI courses it will be running as part of its Data University in-house training program.

28 Dec 2023

More than 650 of the bank's professionals have benefited from international experience in recent years. The initiative provides clear rewards for employees, but also for the bank, since the programs foster corporate culture, train staff in strategic skills and build loyalty among in-house talent.

26 Dec 2023

22 Dec 2023

21 Dec 2023

15 Dec 2023

Data is a strategic lever for BBVA, which has been working for years to make it accessible across the entire organization so that it supports every business decision. In this endeavor, Domo has become an essential tool, as Elena Alfaro, Global Head of Data and Advanced Analytics in Client Solutions at BBVA, explains in this new success story, which showcases the value of this platform in monitoring progress toward strategic objectives, spotting trends and enabling the bank to swiftly tailor products and services to customer needs.

13 Dec 2023

12 Dec 2023

BBVA has updated the Group's Tax Strategy, last published in 2015. The bank thereby addresses rising interest among analysts, investors and wider society in corporate decisions with an impact on environmental, social and good governance issues. The new strategy strengthens the governance, oversight and control structure by creating a specific tax compliance body and integrating ESG criteria in tax decision-making.

09 Dec 2023

07 Dec 2023

The British magazine, which belongs to the Financial Times, has crowned BBVA as the best financial institution in Peru for its progress toward digitalization and sustainability. It also recognized BBVA as Bank of the Year in Latin America thanks to its ability to outperform its competitors, not only in Peru but throughout the wider region.

BBVA Switzerland has signed an agreement to collaborate with the blockchain company Metaco to host its digital asset custody service, a trailblazer in Europe, on the  Harmonize™ platform. With this agreement, the bank is embarking on a new stage in its crypto strategy, characterized by the highest standards in security and greater agility in transactions. In addition, it opens the door to BBVA expanding its range of services in the future in order to meet the needs of its institutional clients.

06 Dec 2023

05 Dec 2023

04 Dec 2023

BBVA is the Spanish company with the largest number of employees with the Chartered Financial Analyst (CFA) accreditation granted by the CFA Institute, the global association of investment professionals. More than 170 of the Group's employees in Europe, Mexico and other geographies hold this U.S. based accreditation. In addition, more than 50 BBVA professionals hold the Certificate in ESG Investing accreditation, also from the CFA Institute, which focuses on sustainable investment.

01 Dec 2023

Producing hydrogen from renewable energy is a key challenge on the path to decarbonization and asset managers such as Hy24 are confident that this technology will reach maturity within the decade. BBVA has invested ten million in one of Hy24’s funds, which uses its capital to finance large-scale clean hydrogen infrastructure projects. Notably, it is the world’s largest clean hydrogen fund.

30 Nov 2023

BBVA clinched the title of the best digital bank for businesses in Spain in 2023, according to Global Finance magazine, a US publication specializing in financial markets and investment banking. This recognition was part of the '2023 Best Digital Bank Awards,' where BBVA not only claimed the top spot for digital banking but also received accolades for having the premier mobile banking app for businesses in Spain and Western Europe.

29 Nov 2023

BBVA successfully completed the share buyback program launched on October 2, which reached €1 billion. Under the program, the bank repurchased a total of 127,532,625 shares at an average price of €7.84. The buyback has the consideration of extraordinary shareholder distribution, which means that it is in addition to BBVA's shareholder distribution policy of between 40 and 50 percent of the bank's earnings.

28 Nov 2023

27 Nov 2023

The energy transition affects all industrial and distribution processes. However, the sustainability-related challenges faced by companies also translate into business opportunities and competitive gains, according to Luisa Gómez Bravo, Global Head of Finance at the BBVA Group. "BBVA wants to help companies that are moving steadily towards energy transition in their business models," she said during her speech at the Spain Capital Markets hosted by Bloomberg on November 23. "Sustainability has become a regular part of our dialogue with our clients.”

24 Nov 2023

23 Nov 2023

The bank received the prestigious certification thanks to its employee management strategy and policies. The Top Employer seal is a sign of the organizations’ commitment to bring about better work environments through excellence in their workforce practices and policies.

22 Nov 2023

Onur Genç remarked on the valuable social contribution made by the Spanish banking sector, at a recent forum organized by the Spanish Banking Association (AEB). According to BBVA’s CEO, “the strength and profitability of Spanish banks is good news for the wider economy.” Looking to the future, “the role of banks, if possible, is more important, as further investments will be needed toward the decarbonization and digitization of the economies.”

21 Nov 2023

BBVA has earned The Banker 2023 awards for Best Private Bank in Peru and Best Private Bank for Customer Service in Latin America, while also earning the ‘Highly Commended’ special mention in the Best Private Banking in Latin America and Mexico categories. The magazine held a very positive view of the customer relationship model of BBVA’s private banking business, which is especially important amid the current market uncertainty.

Garanti BBVA has signed a further agreement with Beyçelik Elawan Renewables Renewable Energy Production Inc. to finance a series of upgrades to the Yahyali Wind Power Plant, bringing the Turkish bank’s total investment to USD 145 million.

20 Nov 2023

17 Nov 2023

15 Nov 2023

13 Nov 2023

BBVA CEO Onur Genç delivered the closing address at a business event held on Monday by the Spanish Confederation of Business Organizations (CEOE) and the Turkish Embassy in Spain to commemorate the centenary of the Republic of Türkiye. During his speech, Genç underscored the growth potential of Spain and Türkiye, two key partners that stand to benefit from their bilateral cooperation.

08 Nov 2023

In 2022, more than $3.8 billion worth of cryptocurrencies were stolen. Traditional banks are therefore regaining ground to become service providers as custodians of crypto assets. This was the position advocated during the event hosted by El Confidencial by Alfonso Gómez, CEO of BBVA Switzerland. For more than two years now, BBVA Switzerland has enabled its customers to manage bitcoin, ether, and the rest of their investments from the online banking app.

Image: Alfonso Gómez, CEO of BBVA Switzerland, with Javier Molina, from El Confidencial, during a moment of his talk. /El Confidencial

BBVA was selected as one of the bookrunners for Colombia's first issue of social bonds in the international market. The debt was rated Baa2/BB+/BB+ for its inaugural offering and was denominated in US dollars with a dual-tranche format maturing in 2035 and 2053. It is an integral part of the Colombian government’s sustainable strategy, and is the first time the country has issued social bonds and only its second issue under ESG (Environmental, Social and Corporate Governance) criteria, following the placement of Green Treasury Notes in 2021, in which BBVA also acted as lead bookrunner.

07 Nov 2023

BBVA's CEO Onur Genç said that "In the future, we expect economic growth in our main markets, despite the context.” He also stressed that BBVA’s digital strategy has proven successful. One example is the bank's model in Italy. "In one or two years we will consider expanding this model to one or two new markets," he said Tuesday, during his participation at the 30th Financial Sector Meeting, hosted by Spanish daily ABC and Deloitte.

On Tuesday, BBVA placed $750 million in the first issue of Tier 2 subordinated debt that it has registered with the US SEC. The price has been set at the US Treasury rate plus 330 basis points, 5 basis points below the starting price. Demand has exceeded supply by 2.5 times. This marks BBVA’s second issue in dollars so far this year, following the placement of an AT1 issue in the same currency in September.

03 Nov 2023

02 Nov 2023

Atom Bank, the UK’s first app based bank, has again received support from its long-term shareholders. BBVA, Toscafund and Infinity Investment Partners are participating in a new capital round of £100 million, about €115 million¹, to continue its growth in mortgages and loans to SMEs. Following this round, BBVA remains Atom’s leading shareholder.

31 Oct 2023

During the earnings presentation for the third quarter, BBVA’s CEO, Onur Genç, explained that these results allow the bank to make a balanced contribution to social well-being by responding to the needs of all stakeholders: employees, suppliers, shareholders, customers and society as a whole. Looking ahead to 2024, he expects the bank’s results to exceed this year’s and therefore its contribution to society will be even greater.

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BBVA earnings showed a positive evolution in the first nine months of 2023. The Group posted a net attributable profit of €5.96 billion, up 24.3 percent yoy (+37.9 percent at constant exchange rates). These results were driven by the strong performance in recurring revenues (NII and net fees and commissions). This trend continued in the third quarter, with a net attributable profit of €2.08 billion, up 13.4 percent yoy. Earnings per share grew even higher, up 17.8 percent, thanks to the share buyback programs already executed by the bank. BBVA has a solid capital position, with a fully-loaded CET1 ratio of 12.73 percent, and ROTE reaching 17 percent.

(4Q23 Results)

Fernando Alonso will be the new head of the BBVA unit in Venezuela. He will replace Agustín Antón who is leaving the bank after a 36-year successful career. BBVA Provincial is the leading privately-owned bank in the country. These changes are subject to the corresponding internal authorizations and to local regulators.

30 Oct 2023

27 Oct 2023

26 Oct 2023

24 Oct 2023

BBVA Chair Carlos Torres Vila, together with over 100 chairs or CEOs of large global companies, signed a declaration calling on the global leaders participating in the upcoming United Nations Climate Change Conference in Dubai (COP28) to commit to “transformative policies and actions.” “Every fraction of a degree counts in the race to net zero,” explains this open letter from the Alliance of CEO Climate Leaders promoted by the World Economic Forum (WEF).

23 Oct 2023

19 Oct 2023

BBVA has announced the creation of BBVA Technology, a new company that is to gather the experience and talent of the Group's three tech firms: BBVA Next Technologies, BBVA IT España, and Datio. The new company will have a more strategic focus while offering more career development opportunities for the bank’s tech teams.

10 Oct 2023

09 Oct 2023

BBVA CEO Onur Genç said on Monday that he has “confidence in the sustainability of BBVA’s results in the future.” This is due to the fact that the bank has certain structural advantages that go beyond the specific market context: its strategy, leveraged in digitization, innovation and sustainability; its leading, profitable franchises; and its presence in attractive markets with potential for growth". In his opinion, “We have room to increase these earnings in the coming years,” he said at the 14th Financial Meeting organized by KPMG and Spanish business daily Expansión.

IBM Institute for Business Value interviews Carmela Gómez on the opportunity that embedded finance brings to banks, digital platforms and consumers. The Global Head of Open Banking at BBVA states that embedded finance means a joint transformation of the entire ecosystem, both financial and non-financial, and that for its development to materialize, "we must look at the way in which our customers rely on interacting with financial services within their digital experiences. I believe banking will soon become very different from how we know it today, that’s why we need to fund this transformation now."

02 Oct 2023

28 Sep 2023

Work-life balance measures, the working environment, development and training opportunities were all decisive factors in making BBVA the most attractive company to work for in the Spanish financial industry, according to the Randstad Employer Brand Research survey. The study was conducted by an independent entity among some 163,000 respondents —more than 7,100 within Spain— to understand the main reasons why someone would look to pursue a career at a given company rather than another.

27 Sep 2023

26 Sep 2023

21 Sep 2023

This Wednesday, BBVA CEO Onur Genç emphasized the bank’s excellent performance in the first half of the year, and the sustainability of these metrics over time. He specifically pointed to improvement in profitability indicators, with an ROTE of 16.9 percent at the end of June 2023. “We have been delivering better than the competition - not only at the Group level, but at the country level,” he said during a conference for investors organized by Bank of America in London.

20 Sep 2023