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Communications

Today

13 Jan 2021

08 Jan 2021

07 Jan 2021

The emergence of technologies such as artificial intelligence, machine learning and blockchain has exponentially multiplied the volume of data used, putting current computer systems to the test. Despite the fact that the arrival of 5G promises an improvement in these limitations, it is not enough to respond to the performance demands of this latest generation technology. An alternative to this is edge computing.

05 Jan 2021

04 Jan 2021

BBVA is a global brand. As our tagline says, the bank works to “bring the age of opportunity to everyone.” And in these times, more than ever, a world of opportunities are in the digital world. That is where we navigate trying to tell the best stories of a journey that BBVA.com began five years ago. During the months of March and April 2020, BBVA’s corporate website broke its record for monthly users thanks to a new content section on COVID-19, which signaled the enormous audience interest in information related to the pandemic.

Central bank-backed digital currencies, such as the potential digital euro and digital yuan, may become a reality in the coming years. Unlike cryptocurrencies such as Bitcoin and Ethereum, these currencies promise less volatility and greater security. In addition, they will have the support of their respective monetary institutions, responsible for ensuring financial stability.

31 Dec 2020

Pressure to get on board with remote working, adapting to the changes in a market revolutionised by the pandemic, and dealing with customers who have new and urgent needs. Startups have faced unprecedented challenges in 2020, but their digital DNA has helped them make fast decisions to handle these tests.

22 Dec 2020

21 Dec 2020

In an interview posted on BBVA’s corporate website, Carlos Torres Vila takes stock of 2020 and offers his vision for next year. The Chairman assures that, despite its complexity, “it has been a year of relevant strategic achievements” and “we face 2021 with an unparalleled position of strength to invest in growth and to increase shareholder distributions.” In this sense, and after the recent sale of the franchise in the U.S. and the ECB decision on dividend payments, BBVA considers “a sizeable share buyback¹ as a very interesting option.”

18 Dec 2020

The pandemic and the subsequent health protection measures have forced the bank to adapt the actions planned for its employees this Christmas. The traditional Christmas festivities have been replaced by global digital celebrations and a donation to three NGOs that provide support to the sectors of society that have suffered the most during the crisis.

16 Dec 2020

15 Dec 2020

14 Dec 2020

Once the pertinent regulatory authorizations have been obtained, BBVA Allianz Seguros – Allianz and BBVA’s new bancassurance joint venture that was announced in April this year – will begin to operate in Spain. BBVA Seguros has contributed around 1.18 million insurance policies to the new company, representing approximately €300 million in premiums issued by the end of 2019. The new company combines BBVA’s distribution capacity in physical and digital channels with Allianz’s innovative knowledge to develop simple, digital non-life insurance.

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“When you hear sustainability, you think: too big. When you feel like you should do something, you think: too complicated. Now think about who could help you make better decisions, and that’s where we come in. So that what you save yourself, saves the planet. So that we can keep moving forward without leaving anyone behind. So when you hear sustainability you think: opportunities.´”

10 Dec 2020

09 Dec 2020

04 Dec 2020

03 Dec 2020

Movistar Money will offer consumer loans to Telefónica customers in Colombia, both individuals and companies. The deal could expand to other countries in South America where both companies have a presence.  The company plans to begin operations in the second quarter of 2021 following a successful commercial pilot carried out by BBVA and Telefónica several months ago.

01 Dec 2020

Between October 2019 and June 2020 women lost jobs at a greater rate than men, while the employment recovery rate in the third quarter of 2020 was slightly higher for men, widening the gender gap. These are some of the key takeaways of BBVA Research’s ‘Gender diversity and training’ paper. According to the report, published on the occasion of BBVA’s diversity workshop (Diversity Days), training is one of the essential factors to reversing this situation and boosting women’s participation in the digital economy, a sector that’s recovering at a faster pace.

30 Nov 2020

On December 18, 2020, Turkey will start the use of FAST instant payments systems. In this line, Garanti BBVA is committed to these solutions and will roll out its easy linking services that will enable instant transfers anytime without the need for IBAN.

27 Nov 2020

Garanti BBVA maintains its presence on the Dow Jones Sustainability Index (DJSI) for the sixth consecutive year. BBVA’s Turkish franchise was included in this index for the first time in 2015 and since then has effectively integrated sustainability into all of its activities and business strategies.

25 Nov 2020

BBVA has launched a service in Spain that allows customers to instantaneously and securely pay for lottery tickets and bets and collect winnings using their mobile phone. By going to the bank’s app, customers can use Bizum to generate a QR code that allows them to pay or collect money at 11,000 Loterías y Apuestas del Estado retailers. This is the first time that people have been able to pay in physical stores using Bizum and a QR code.

24 Nov 2020

‘Opportunity’ is a new tool that provides employees with the instruments to independently design their training, development and ultimately, their career within the company. Based on advanced analytics, big data and visualization tools, it advises employees on the skills they must acquire to aspire to positions of interest and allows them to create alerts about tailored job opportunities.

23 Nov 2020

19 Nov 2020

The mass closure of schools, colleges and universities in the 2019-2020 academic year proved that not all schools, teachers, students and families were ready to teach and learn online. One in ten households with school-age children have no Internet access, according to the Instituto Nacional de Estadística, Spain’s national statistical institute. Due to the pandemic, technological resources and training in using them effectively is more important than ever. The risk surrounding the digital divide is serious.

18 Nov 2020

Access to technology and financial education improvement for the entire population, especially the most vulnerable, is essential to achieving an inclusive recovery. These have been the main conclusions from the latest edition of EduFin Talks, a space for reflection and debate on financial education’s challenges organized by the BBVA Center for Financial Education and Capability in a 100 percent digital format.

The sale of the U.S. subsidiary is “an extraordinary agreement” for everyone, as it “creates enormous value for shareholders and gives us a wide range of strategic options,” BBVA CEO Onur Genç said during his presentation this Wednesday at the 27th Financial Sector Meeting organized by Deloitte, Spanish daily ABC and Sociedad de Tasación. In this regard, he noted that “we will only participate in operations that create value for shareholders.” “We aren’t in a rush,” he added.

17 Nov 2020

According to a report by Smartme Analytics, BBVA’s app has the largest share of users at 22.6%. BBVA’s country manager for Spain, Peio Belausteguigoitia, stressed that “investment in technology in recent years enabled a rapid reaction to the crisis.” Peio made these comments at the 27th Meeting of the Financial Sector, with the theme ‘Building the Future’, hosted by Deloitte and ABC (a leading Spanish newspaper), while speaking about the role of the financial sector in the crisis and its future challenges.

News of the sale of the US subsidiary to PNC strongly boosted BBVA’s stock market performance. The market warmly received the deal with a rise in the stock price of 15.3% at close on November 16, the third highest in the bank’s stock market history and a new record in outperformance by the European banking sector: the Dow Jones index for US banks scored just 3.3% in the session, 12 percentage points behind.

16 Nov 2020

BBVA has agreed to sell to PNC its subsidiary in the U.S. for $11.6 billion (€9.7 billion¹) in cash, an amount that represents 19.7 times the unit’s 2019 earnings², and that is almost 50% of BBVA’s current market capitalization, creating significant value for shareholders. The transaction will have a positive impact on BBVA’s fully loaded CET1 ratio of c.300 basis points, or €8.5 billion of CET1 generation.

14 Nov 2020

BBVA has ranked first among European banks in the Dow Jones Sustainability Index (DJSI), the market’s leading benchmark index, which measures the economic, environmental and social performance of the world’s largest companies by market cap. The BBVA Group also took third place in the world ranking. The announcement was made on Friday, at the closing of the stock market in New York.

13 Nov 2020

Onur Genç participated in ‘The Global Boardroom: Shaping the recovery’ forum organized by the Financial Times, where he shared his vision of the pandemic’s effect on the banking sector. The BBVA CEO pointed out that this crisis has accelerated certain dynamics, such as the digitization of banks’ business models, although this trend “was already in place.” For example, he explained that customer interactions in the bank’s app have multiplied by fivefold in the last year.

12 Nov 2020

The Navarra-based company Veridas has experienced solid growth since its creation in 2017 and has established itself as a global leader in the field of biometrics and digital identity verification. Its two founding partners, BBVA and Das-Nano, have carried out a financing round of four million euros in the company that will serve to continue expanding their business in new markets.

Green bonds have been building a solid reputation among investors. Since December 2019 green bonds can be traded openly and transparently online. This is how the Nasdaq Sustainable Bond Network (NSBN) – the first electronic marketplace where professional traders can buy and sell sustainable, social and green bonds – works.

11 Nov 2020

For yet another year, BBVA renewed its commitment to diversity and inclusion and is named one of the Top 30 Spanish companies with the best practices in the field. It was reported in the 2021 VariableD Report from Intrama’s ECDI Network, comprised of companies committed to diversity and inclusion. The organization presented its conclusions at the 2020 FactorW Diversity Summit which is the largest national congress on this matter.

Nearly half of Spanish millennials (the generation born between 1978 and 1999) think that when they retire there will be no social security pension waiting for them, according to the BBVA pension institute’s ninth annual survey. This helps to explain why three quarters (76%) of millennials believe the pension system needs a rethink. Only one in six respondents had started saving for retirement. Of those few, most use individual pension plans.

10 Nov 2020

BBVA has announced its progress in its climate change strategy with the publication of its sustainability policy and its first report on the risks and opportunities associated with climate change according to the Task Force on Climate-related Financial Disclosures (TCFD) standard. This report entails the incorporation of climate risks in the management of all of BBVA’s businesses and the entity’s commitment to accompany its clients in the journey toward a more sustainable future.

Out of all of BBVA’s customers in Spain, 67% are digital and 61% use their cell phones to engage with the bank. This means that the vast majority of BBVA customers in the country opt for the website or the app to connect with the entity. The pandemic has driven the digitization of customers who, until now, were not familiar with the use of these channels. All this, together with the fact that BBVA’s app is the most used in Spain among all banking applications according to a report by Smartme Analytics, places BBVA as a leader in digital banking in Spain, with a market share of 22.2%.

BBVA expands its market activity with ‘Quantitative Investment Strategies’ (QIS), a business which focuses on the design, manufacturing and distribution of investment strategies that materialize in self-created indices intended for end investors. The organization will debut this new line of business with the launch of its first index ‘Solactive BBVA ixESG Global Leaders Index’.

It’s a challenge to find out what society thinks about a company or brand, especially when you have 40 million followers spread across 10 countries and 190 social media profiles, like BBVA. Even so, the winners of the BBVA Hackathon 2020 accomplished it in only three days, developing a tool to measure users’ feelings about the bank on social media, using machine learning techniques.

06 Nov 2020

The Glasgow Climate Change Conference, which was planned for November, will have to wait until 2021 due to the pandemic. The global problems that existed prior to the arrival of COVID-19, which are still affecting the planet and will have an impact in the future, have not disappeared. The climate crisis cannot wait and remains a central topic on the agenda of all main actors – from governments and non-profits to the private sector. The upcoming preparatory meetings in London and Paris are proof that the organization is continuing its roadmap to remind us of just how much the planet has at risk.

05 Nov 2020

BBVA strengthens its solutions for small and medium sized enterprises across its footprint, thanks to a strategy that prioritizes the relationship model, product distribution and the use of technology as a competitive advantage. BBVA was recently recognized as the best global bank for Small and Medium-Sized Enterprises (SMEs) at the 2020 SME Finance Forum Awards.

04 Nov 2020

BBVA, in collaboration with Amazon Web Services (AWS) and Bloomberg, has developed a new cloud-based technology for the equity markets area of its Corporate & Investment Banking unit. The bank has created ‘BBVA C-fit’, a platform built around AWS and Bloomberg technologies, to provide its equity trading team with one of the most cutting edge platforms available in the financial markets sector.

03 Nov 2020

30 Oct 2020

BBVA´s CEO presented this year´s third quarter results on Friday, October 30. At the press conference, Onur Genç affirmed that BBVA’s leadership in transformation has a “true competitive advantage” and reiterated the institution´s focus on organic growth. In the first nine months of 2020, “we have attracted 350,000 clients in Spain”, something that is especially relevant in the current context marked by the COVID-19 crisis. “We have shown that we can grow using digital channels in Spain,” he said.

The BBVA Group’s results have been improving throughout 2020. The bank earned €1.14 billion in the third quarter (-6.8 percent in current euros, +4.1 percent at constant rates). This result is 79.5 percent higher than this year’s second quarter results in current euros (+83.4 percent at constant rates).  In addition, the strength of recurring revenues and cost containment efforts helped to boost operating income compared to the third quarter of 2019. “Net attributable profit grew significantly in the third quarter compared to previous quarters. This positive performance was the result of our resilient recurrent income, coupled with our focus on cost control and a better evolution of impairments, thanks to the significant provisioning effort in the first half of the year,” said BBVA CEO Onur Genç.

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Following the release of 3Q20 earnings, BBVA CEO Onur Genç underlined on Friday that  “this result shows a more normalized level, in line with previous years.” The BBVA executive added  that the €1.14 billion profit “represents a significant increase in the current context, up 79.5 percent vs. 2Q20 and 4.1 percent in constant euros, compared to the same quarter last year.”

BBVA earned €1.14 billion in the third quarter of 2020. It is the best quarterly result of the year and far exceeds the figure for 2Q20 (+79.5 percent in current euros, +83.4 percent at constant rates). Compared to the same period a year earlier, the 3Q20 result is 6.8 percent lower (+4.1 percent at constant rates). The strength of recurring revenues and cost containment efforts drove quarterly operating income to grow 13.5 percent yoy at constant exchange rates. In a challenging context marked by the pandemic, BBVA has shown a solid capacity to generate capital, with risk indicators having a positive performance. BBVA’s quarterly results also beat market expectations by 48 percent, as analysts’ consensus expected a result of €773 million.

28 Oct 2020

BBVA’s chairman participated this Tuesday in the first edition of the Expansión International Economic Forum, organized by the financial newspaper Expansión and the international forum, the European House-Ambrosetti, in Alcalá de Henares, Madrid.  “Public-private collaboration can leverage private initiatives to make investment decisions and generate prosperity,” said Carlos Torres Vila. In this regard, he feels that “the work of the public sector is to attract private investment with appropriate incentive schemes that manage to multiply European funds,” and in this process, “banks can play a key role” to channel the funds, analyze the projects being financed and strengthen their effect on the economy with their financing.

Türkiye Garanti Bankası A.Ş., recently reported its financial results as of September 30, 2020. Based on the consolidated financials, the bank’s net income in the first nine months of the year was 5.24 billion Turkish lira. Assets totaled 525.91 billion Turkish lira, and the bank’s contribution to the economy through cash and non-cash loans was 400.38 billion Turkish lira. Deposits continued to be the main source of funding, as 66 percent of assets were funded via deposits.

26 Oct 2020

Over the course of the last decade, a number of global financial banks – including BBVA- have aligned with the recommendations on non-financial reporting and disclosures issued by different international organizations. Including, the Financial Stability Board and its recommendations through the Climate-Related Financial Disclosures Working Group (TCFD), the UN Environment Programme – Financie Initiative (UNEP FI), or the different national legislations . These suggestions are intended to help companies raise awareness about their environmental commitment by including and disclosing information on climate related risks and opportunities.

23 Oct 2020

Both organizations have announced a global collaboration agreement to promote equality among girls and young people with a focus on female role-models. “We are convinced that we can curb the impact of gender stereotypes in a simple and effective way, by teaching girls about successful women that can help them become aware of all the opportunities within their reach”, said BBVA global head of Talent and Culture Carlos Casas.

22 Oct 2020

The World Health Organization promotes Breast Cancer Day every October 19 to  raise awareness about the commitment of society as a whole to the fight against the most common form of cancer in women. For yet another year, BBVA is organizing a fundraising campaign via Bizum, the leading instant payments solution in Spain, to encourage customer donations in support of the Spanish Association Against Cancer. As an additional gesture of solidarity, this morning, the bank lit up its headquarter buildings in Madrid, La Vela, in pink.

21 Oct 2020

BBVA chairman gave the opening presentation at the national meeting of regional bank directors in Mexico today. This year, the meeting took place virtually, where the chairman reaffirmed the group’s commitment to the country. “Mexico will continue to play a fundamental role in our bank’s results thanks to our leading position and the strength of our business model in the country,” he said.

20 Oct 2020

19 Oct 2020

This Friday, BBVA chairman Carlos Torres Vila participated in the Institute of International Finance’s (IIF) annual meeting, in which he underscored banks’ role in channeling investments from the Next Generation EU recovery plan. “Banks can play a key role in channeling and multiplying European public funds,” he noted.  “What is really important to ensure the most effective use of European funds is to increase the multiplier effect through the private sector, including the banks.” He also indicated that emerging markets could be the most interesting for sustainable investments. “What we need are mechanisms in carbon markets to channel the funds to these countries so that the impact over time is mitigated while promoting the development of poor societies,” he said.

16 Oct 2020

The Women Entrepreneurs Meeting, organized by Garanti BBVA in collaboration with KAGİDER, the Turkish Women Entrepreneurs Association, has been held virtually for the first time. The event which brought together thousands of female entrepreneurs, was attended by Turkey’s Trade Minister, Ruhsar Pekcan, who came to show her support for one of the most important groups within the Turkish economy.

15 Oct 2020

14 Oct 2020

BBVA has launched Aqua, a new line of pioneering credit cards in Spain which feature a dynamic CVV code and do not contain card numbers (PAN) or expiration dates printed on them. This reinforces security both for its digital and physical versions since not having this data prevents possible fraudulent use of them. In addition, BBVA´s app has renewed the entire payment experience to make it easier for the customer to manage their expenses and order the services it offers based on their use. The bank is already working to launch this mobile experience in other countries.

BBVA Corporate & Investment Banking (CIB) has decided to boost its equities capability for corporate clients, issuers and institutional clients along two vectors: on one hand, developing its equity investment products factory and digital platforms for product distribution; and, on the other, expanding its ECM (Equity Capital Markets) execution capabilities through a strategic alliance with Oddo BHF, one of Europe’s leading equity research and distribution entities.

13 Oct 2020

08 Oct 2020

BBVA is partnering with technology companies to be closer to its clients, who are starting to turn to third party digital vendors to cover their financial needs. “We see these partnerships as a way of growing our customer base,” stated Carlos Torres Vila, Group Executive Chairman of BBVA, speaking at a virtual panel discussion with Marcelo Claure, CEO of Softbank, that took place on the last day of South Summit.

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Kai-Fu Lee is a Taiwanese-born American businessman and writer, regarded as one of the world’s top AI experts.  He graduated from Columbia University in computer science, and earned a Ph.D. from Carnegie Mellon University, where, as part of his thesis, he completed what is considered the first independent speech recognition system: Sphinx.

07 Oct 2020

The role of banks in the financial crisis caused by the pandemic and their role in funneling resources and funds towards a green recovery where the two key takeaways from a panel presentation devoted to sustainability that took place at the South Summit event, which is taking place this week in Madrid. “Everything is changing. We are living in a very challenging time. We are living in a global pandemic situation and also in a global economic crisis at this moment after the pandemic, so, it’s time to act,” said Head of Global Innovation & Analytics at BBVA CIB (Corporate Investment Banking) and Global Sustainability Office Ricardo Laiseca.

06 Oct 2020

BBVA’s educational project ‘Aprendemos juntos’ (We learn together) was launched on January 22, 2018 in collaboration with Spanish daily El País. Since then, it has met with one success after another. Over two and half years, more than 200 experts have worked on the ‘Aprendemos Juntos’ initiative, it has accumulated over one billion views, and it has brought together a community of four million people. On May 23rd of this year, ‘Aprendemos Juntos’ went one step further and premiered on the Spanish TV show ‘A mi yo adolescente’ (To My Teenage Self), a nine-episode series on TVE’s channel 2 that looks at what young people think about issues such as friendship, fear and love.

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Carlos Torres Vila shared his personal views on education during an episode of  BBVA’s educational program ‘Aprendemos juntos’ (We learn together), in collaboration with Spanish daily El País. BBVA’s Group executive chairman took questions from students, parents and teachers, in a talk entitled ‘Life lessons:values, success and leadership.’ In his opinion, education is the “driver of growth in society, the door to opportunities and a force, perhaps the most important there is, to correct the inequalities that exist in our society.”

05 Oct 2020

02 Oct 2020

01 Oct 2020

30 Sep 2020

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. It is also the leading shareholder in Turkey’s Garanti BBVA.

28 Sep 2020

In an interview with ‘La Linterna’ de COPE, BBVA’s Group Executive Chairman said that the EU funds to face the health crisis represent “a great opportunity”. In his opinion, if invested “productively in long-term growth and combined in combination with structural reforms”, they can help tackle key problems of the Spanish economy, such as structural unemployment. “We also need to invest in education, focusing on the world of the future: the digital world, the world of data and addressing the transition to a more sustainable world, socially and environmentally.”

BBVA has launched a new sustainability training program for the Group’s more than 125,000 employees around the world. It is the first major bank in the world to give mandatory sustainability training to all employees. The new training modules will be available from September 28, coinciding with the fifth anniversary of the United Nations Sustainable Development Goals (SDGs).

25 Sep 2020

23 Sep 2020

In a presentation for investors organized by Bank of America (BoFA) and in which BBVA CEO took part this morning, BBVA raised the Group’s guidance for 2020, thanks mostly to an improvement in its business activity in Mexico. At Group level, recurring revenues in constant euros will grow in 2H20 compared to the previous half of the year thanks to a recovery in new retail loan production and focus on price management. Furthermore, BBVA expects to beat its expectations regarding cost reductions for 2020, and improves its cost of risk expectations for 2020, to a range between 1.5 and 1.6 percent in cumulative terms for the year, thanks to a better performance in Mexico. The Group plans to close 2020 with a fully-loaded CET1 capital ratio above the target range. BBVA’s intention is to resume dividend payments once the existing supervisory recommendation is eliminated and COVID-19 uncertainties dissipate.

Garanti BBVA was named the winner of a Gold Stevie Award in the “Best Annual Report” category for its 2019 Integrated Annual Report published under the tagline, “The Next Decade.” The Stevie International Business Awards is the only global awards program that recognizes well-known international companies and executives for their achievements.

22 Sep 2020

Carlos Casas, Global Head of Talent and Culture at BBVA, was tasked with delivering the closing speech at the latest edition of Sondersland Fest, a virtual event that brought together in Madrid top talent experts to share their insights on the latest trends on this matter with the thousands of young professionals that participated. “We are currently living a key moment where industries that are experiencing powerful transformations, such as ours, must transmit to younger generations what it takes to build the talent that the market professionally demands,” explained Casas.

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One year ago, 130 banks from around the world signed the banking industry’s most ambitious global agreement on sustainability to date: the Principles for Responsible Banking. A set of principles that commit signatory banks to align their action to the United Nations’ Sustainable Development Goals (SDGs) and the Paris Agreement on climate change. On this first anniversary, BBVA – one of the 30 founding banks – has accelerated its commitment to sustainability, making it one of its strategic priorities in 2020.

21 Sep 2020

Today, international banks BBVA, BNP Paribas, ING, Société Générale and Standard Chartered (also known as ‘the Katowice Banks’) published a report on the application of the PACTA methodology, designed to steer their credit portfolios towards the objective of the Paris Climate Agreement. This report aims at helping banking peers to quickly understand and apply this methodology and thus publish comparable results.

18 Sep 2020

16 Sep 2020

15 Sep 2020

14 Sep 2020

Speaking at IIF Digital Interchange meeting, BBVA Group Executive Chairman Carlos Torres Vila said that the lockdown as a result of the pandemic boosted pre-existing trends toward the adoption of new technologies, towards digital. In his opinion, digital inclusion suppports all types of inclusion: educational, social and economic. That is why society needs to make an effort to ensure that no one’s left behind. “I think what stands out is the need for a more sustainable and a more inclusive economy. For this, we need a policy and regulatory environment that fosters innovation,” he noted.

10 Sep 2020

BBVA placed on Thursday a $2-billion issue of senior preferred debt filed with the U.S. SEC. The issue consists of two tranches, with a maturity of three and five years: The three-year tranche accounted for $1.2 billion, while the five-year one reached $800 million. Demand topped a maximum of $5 billion, with 210 orders, and the book closed with orders of $4.5 billion: $2.5 billion for the three-year tranche and $2 billion for the five-year tranche. Investors’ appetite allowed for the starting price to be set lower. The interest rate has been set at the U.S. Treasury rate plus 75 basis points spread for the three-year tranche (versus a starting spread of 100 bps) and a 100 bps spread for the five-year tranche (vs. a starting spread of 125 bps).

The Banker has named BBVA Best Transaction Bank in Latin America for second year in a row. The U.K. magazine, a Financial Times group publication, underscored the bank’s innovative approach in the region, which allowed customers to continue accessing the bank’s services seamlessly during the pandemic.

08 Sep 2020

  • BBVA invested €40.6 million in sustainable and social programs in Latin America in 2019
  • In its 13 years of service, the BBVA Microfinance Foundation has helped more than five million people
  • BBVA delivers innovative financial education programs in Mexico
  • BBVA Argentina is the first private bank to launch a line of personal eco-loans
  • BBVA in Colombia closes a line of green guarantees to build the Bogota metro
  • In Peru, BBVA leads the way in using the Environmental Ministry’s carbon footprint tool
  • Sustainable finance in the region: BBVA, breaking new ground with deals in the wholesale market

07 Sep 2020

04 Sep 2020

03 Sep 2020

BBVA Group Executive Chairman Carlos Torres Vila participated in the Plenary Session of the Spanish Chamber of Commerce, where he emphasized that the recovery in Spain may open up an opportunity to “quickly embrace” a more digital economy. For this, he considers that digitization should be a priority for businesses – especially SMEs – and any progress in this sense will greatly depend on public investments and the amplification effect derived from private initiatives. He also noted that “the role of banks has been pivotal, not only amplifying the impact of public money, but also aligning targets.”

02 Sep 2020

01 Sep 2020

The world of work and professional environments are in the midst of a full blown transformation process, especially in the wake of the COVID-19 lockdown. According to Ophelie Richard, BBVA global head of Talent Acquisition, “the value of assigning workstations to specific individuals based on their hierarchy within the organization has been completely redefined.” And this, in her opinion, “opens up great opportunities, from hiring employees regardless of their geographic location to workstation virtualization.”

31 Aug 2020

As part of its collaborative framework with Turkey’s Notary Association, Garanti BBVA has created the Safe Selling System for the buying and selling of second-hand vehicles. Thanks to this new system, Garanti BBVA customers will no longer need to bring the cash amount of the purchase with them and they will be able to complete the deal online or using their smartphone in a process that is simple, fast, and safe.

28 Aug 2020

25 Aug 2020

Through a proof of concept, BBVA and Spanish startup Multiverse have tried out and benchmarked different quantum technology platforms to solve a classic problem of finance: The optimization of investment portfolios with real market data. Thanks to this analysis, published in a scientific paper, the authors have elucidated new formulas that could help speed up this type of calculation, maximizing profitability and minimizing risk.

24 Aug 2020

The bank launches a global program in order to contribute to its employees’ professional development, to promote the acquisition of new skills, and widen the network of contacts within the company. The initiative empowers mentors and mentees from across the Group’s footprint to connect, transforming the process into one that puts the employee in control of his or her own development.

BBVA Group will gradually roll out the next generation of wireless connection technology — WiFi 6 — across its corporate offices in Spain and Portugal. The bank thus becomes one of the first Spanish financial companies to adopt the technology, which will provide faster browsing speeds and greater coverage to complement 5G.

19 Aug 2020

17 Aug 2020

The bank — which has committed to securing €100 billion in sustainable financing between 2018 and 2025 as part of its contribution in the fight against climate change — reached 40 percent of its sustainable financing target in June 2020. This figure includes transactions in green and social financing (62 percent of the total), social entrepreneurism and financial inclusion (13 percent), sustainable infrastructure and agribusiness (11 percent), and other sustainable sources (14 percent).

– INFOGRAPHIC: Here you can see the breakdown of the BBVA Commitment 2025

BBVA secures more than €40 billion in sustainable finance, supporting the fight against climate change. The bank — which has committed to securing €100 billion in sustainable financing between 2018 and 2025 as part of its contribution in the fight against climate change — reached 40 percent of its sustainable financing target in June 2020. This figure includes transactions in green and social financing (62 percent of the total), social entrepreneurism and financial inclusion (13 percent), sustainable infrastructure and agribusiness (11 percent), and other sustainable sources (14 percent).

14 Aug 2020

07 Aug 2020

06 Aug 2020

04 Aug 2020

Internet sales have soared in recent months, resulting in growth in the ecommerce sector. But if new purchasing habits are to truly take root and survive in the post COVID-19 reality, businesses will have to carefully nurture the customer buying experience. Against this backdrop, artificial intelligence (AI) is not only a tool to help improve the user experience and increase customer satisfaction, it can also facilitate payment management and detect potential fraud.

03 Aug 2020

30 Jul 2020

The BBVA Group earned €636 million in the first half of the year – more than double the results from January through March, excluding the impact of the goodwill adjustment in the U.S. This was possible thanks to the bank’s efforts to anticipate impairments related to the COVID-19 crisis in the first quarter of the year. In a highly complex context due to the pandemic, the BBVA Group has demonstrated the strength of its profit before provisions in the second quarter of 2020, with operating income up 17.6 percent year-on-year in constant euros. “We are facing this crisis from a position of strength, thanks to the resilience of our revenues, our diversified business model and our digital capabilities. Likewise, our solid capital generation stood out during the quarter,” said BBVA CEO Onur Genç.

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BBVA CEO Onur Genç explained this Thursday, following the release of the 2Q20 earningsthat “our business is adapting to the current climate better than anticipated with particularly strong results in the second quarter.” Within this context, Onur Genç stated that “we have seen a profit of €636 million, half of what we reported a year ago, but more than double if we compare it with the results announced in the first quarter of the year, excluding the goodwill adjustment.”

Thanks to the bank’s efforts to anticipate impairments related to the COVID-19 in 1Q20, BBVA earned €636 million in the second quarter, doubling the underlying profit from the first quarter. This quarterly figure is on top of extraordinary provisions of €644 million due to the pandemic. In a complex environment, BBVA has once again demonstrated the strength of its operating income, which grew 17.6 percent at constant exchange rates, and its outstanding ability to generate capital. In the first half of the year, net attributable profit excluding one-offs was €928 million (-57.8 percent yoy in constant euros). Including the U.S. goodwill adjustment –recorded in 1Q20– the bank swung to a €-1.16 billion loss between January and June.

29 Jul 2020

Turkey’s Garanti BBVA announced its financial results for the first half of the year. Based on the consolidated financials, the bank’s net income in the first six months of the year totaled TL 3.33 billion (approximately €407.61 million). Asset size reached TL 486.67 billion and the bank’s contribution to the economy through cash and non-cash loans was TL 367.14 billion. Actively managing the funding base, deposits continued to be the main source of funding, with 63 percent of assets funded through deposits. The total deposit base reached TL 306.88 billion with 11 percent growth in the first six months of the year. Preserving its strong capital position, the bank’s capital adequacy ratio stood at at 17.4 percent.* The bank’s ROAE (Return on Average Equity) was 13.1 percent and ROAA (Return on Average Assets) was 1.6 percent.

28 Jul 2020

How do cybercriminals think? What techniques do they use and how do they set up to implement them? What are their goals? There’s nothing better than putting yourself inside the bad guy’s mind so you will be ready to react. We tell you how these criminals behave.

27 Jul 2020

24 Jul 2020

Acceleration programmes, like Open Innovation from BBVA helping startups from the fintech ecosystem, are an opportunity to offer tailored support that helps entrepreneurs to refine their model, boost their growth and access investment. In the case of the BBVA programme, the project is bringing to a close nine months of workshops, mentoring and support. For the bank and entrepreneurs, the initiative has provided an opportunity to learn together.

22 Jul 2020

The sixth generation of WiFi delivers faster connectivity, expands its reach, and supports a greater density of connected devices. This technology, which goes hand-in-hand with 5G, will facilitate the rollout of sensors for the Internet of Things (IoT) and the creation of immersive and augmented virtual reality experiences.

20 Jul 2020

“Hello, I’m Blue, the BBVA virtual assistant. What can I do for you today?” This is how the first virtual assistant developed entirely by BBVA introduces itself. The newly launched virtual assistant responds to more than 100 customer requests among the 800 features that are integrated in the BBVA app. This makes Blue the most comprehensive virtual assistant on the market. The new tool takes advantage of natural language processing (NPL) and machine learning, which facilitates both voice activated and text-based customer interaction with the app.