After six months of testing with a selected group of users, BBVA Switzerland makes its first crypto-asset trading and custody service available to all its private banking clients.
17 Jun 2021
BBVA was named Most Innovative Financial Institution Borrower in this year’s edition of the Bond Awards, promoted by Global Capital magazine to recognize key achievements across all the main segments of the international bond markets. The world’s first green CoCo and the first COVID-19 social bond by a private European financial institution were the two landmark transactions that showcased BBVA’s capability to surprise the market.
This competency status is a significant milestone for BBVA Next Technologies as it is a seal of quality recognized by AWS for carrying out high-quality projects in the DevOps field with total confidence.
16 Jun 2021
BBVA has published an update of its report on the risks and opportunities of climate change in accordance with the Task Force Climate-related Financial Disclosure (TCFD) standard, with data as of December 2020. This report reflects BBVA’s progress in sustainability. Since its first publication in October 2020, it has already incorporated climate risk into the management of all the bank’s businesses and its commitment to accompany customers towards a more sustainable future.
Global Head of Responsible Business at BBVA
In the last six years, BBVA’s original team of less than ten designers has bloomed into a community of more than 500. This year the bank earned a special mention at the Spanish National Design Awards. In the meantime, design became a strategic driver of its transformation process, allowing customers to play a leading role by determining the design of its products. BBVA is facing the future trying to scale up its products by globally with efficiency, integrating data into design and exploring new user experience features, such as voice-enabled navigation.
15 Jun 2021
BBVA expands its offer of sustainable and innovative products with the launch of financial contracts linked to thematic investment strategies. From June 4 until June 22, BBVA’s retail customers in Spain can invest in a sustainable financial contract linked to an ESG investment strategy.
14 Jun 2021
Within a sustainable finance framework, BBVA continues to provide innovative solutions to support Turkey’s fight against climate change. This time it’s launched new commercial green loans for real estate developers that build and sell buildings with aspecific type of energy certification.
Sustainability is a fundamental part of BBVA’s strategy, which involves helping customers in the transition to a green and inclusive future. In response to this challenge, the bank has made sustainability one of the key skills for its employees and has designed its own reskilling plan, identifying training needs in this area and collaborating with prestigious educational institutions such as the universities of Oxford, Cambridge and Yale.
11 Jun 2021
Founded in 2011, the platform by Garanti BBVA has received more than three million visitors in ten years thanks to its original offer of content and activities. The entity encourages participation and learning and preserves collective memory, which it makes available to future generations through freely accessible archives and research resources, as well as exhibits and programs.
In 2007 BBVA set off on its transformation journey with the aim of servicing customers through digital channels, making DIY capabilities the cornerstone of our strategy. As a result we achieved exponential trends in sales through digital channels, while customer experience was improved. Now, the bank is immersed in a new stage, focusing on growing our customer base, leveraging on our digital channels and those of third parties. Moreover, it already faces the next challenge: provide proactive and personalized advice to our clients, supported by technology and data.
BBVA´s CEO was invited to speak at the third edition of an annual meeting organized by the students of the Koç School in Istanbul. The event analyzed opportunities in fintech as well as technology and digitization´s contribution to the banking sector.
10 Jun 2021
The World Economic Forum’s (WEF) Alliance of CEO Climate Leaders, released a letter today, calling on the G7 and other world leaders to support a just transition. BBVA Chairman Carlos Torres Vila, the sole representative of a Spanish bank, has signed, together with 78 other CEOs or heads of large global companies, a declaration whose objective is to promote the contribution of the private sector in the fight against climate change.
08 Jun 2021
BBVA and the majority of the labor union representatives (CC.OO., ACB and UGT) have reached an agreement on the adjustment plan in Spain, which involves redundancies of part of the workforce (a total of 2,935 people, about 10 percent of employees of the Group in Spain) through layoffs and voluntary terminations, and an outplacement program for 100 percent of the affected employees through Randstad. The agreement also includes the closing of 480 branches. The process has been characterized by a constructive dialogue between the parties to reach the best agreement for everyone.
A short meeting first thing in the morning can be more productive than a two hour meeting at midday, and a team working on a project no longer needs to complete one phase to start the next. These are two examples of what BBVA employees have learned since they incorporated agile methodologies into their daily working lives, practices that have been further strengthened in the last year under the pandemic.
03 Jun 2021
BBVA Research through its Global Economic Research area and Clarity AI, presents the “Cash vs. card consumption patterns: a Machine Learning approach” study on the use of cards and cash in the country.
BBVA is embarking on a new phase in the US following the sale of BBVA USA to PNC. The bank, which has been present in the United States for more than 45 years through its New York branch, is working on a long-term growth plan focused on the wholesale banking business. Víctor Martínez, recently appointed Head of BBVA CIB in the United States, will be heading the business in the country.
02 Jun 2021
Tesla and China’s restrictions to ‘bitcoin’ have brought to the foreground new ways to generate more energy-efficient cryptocurrencies.
BBVA reinforces its commitment to reducing the risks of climate change and joins PCAF (Partnership for Carbon Accounting Financials), an alliance that enables financial institutions to assess and disclose the greenhouse gas (GHG) emissions of loans and investments.
01 Jun 2021
Garanti BBVA is a firm believer that financial health is a prerequisite for a better life. As such, monitoring the financial health of its customers has become a priority social responsibility for the bank.
The BBVA Group closed today the sale of its U.S. subsidiary to The PNC Financial Services Group, Inc., announced in November 2020. BBVA will continue operating in the U.S. through its broker-dealer BBVA Securities and the New York branch – from which it will provide wholesale banking services –, as well as the fintech investment fund Propel Venture Partners.
BBVA strengthens its offering for multinational companies with BBVA Pivot. Behind the renewal of its global treasury services lies a strategy to conquer a space that still offers great potential for growth. “We want to double the number of corporate clients that have implemented and operate with BBVA Pivot,” says Javier Balbin, Global Head of Enterprise Solutions at BBVA.
31 May 2021
Starting Jan. 1, 2022, BBVA will be required to meet a volume of own funds and eligible liabilities (MREL) of 24.78 percent of its risk-weighted assets (RWAs), in line with expectations. As of March 31, 2021, the bank already complies with this requirement, reaching 29.23 percent, as well as with the new subordination requirement.
The BBVA Chairman believes that 2020 has been a turning point in the drive for sustainability. He explained that climate change and decarbonisation represent not only a risk but also an enormous opportunity for both the economy and for banks. Firstly, because of the investments involved, and secondly, because of the importance of advising customers on their ecological transition. “Banks are moving fast to tackle this change head on, involving the whole organisation, because sustainability and climate change affect all businesses”.
28 May 2021
ALCO portfolios are one of the main tools available to banks to manage some of the structural risks on balance sheets (liquidity risk and interest rate risk) and, as a secondary objective, to contribute to the stability of earnings generation. They are a portfolio of financial assets, mainly composed of government bonds, which is governed by the bank’s Assets and Liabilities Committee (ALCO).
27 May 2021
“Financial health impacts more than just our wallets, it is also related to our physical health and social well-being.” This was one of the key takeaways that emerged during the closing day of the EduFin Summit 2021. In this last session, representatives of the financial industry acknowledged that it is necessary to “understand and address customers’ needs, and to even go beyond” and that, for this purpose, “digitization is a lever that will help people strengthen their finances.”
Emre Hatem, Director of Investment Banking and Finance at Garanti BBVA, took part in a webinar organized by The Bosphorus Energy Club in collaboration with PwC on Turkey’s readiness for the European Green Deal, the Paris Agreement and environmental, social and governance criteria (ESG).
BBVA and U.S. based startup Zapata Computing have just released the results of a research project into the use of quantum algorithms applied to the Monte Carlo method, which allows predicting the evolution of different variables under random conditions. Despite its potential, the use of this technology for achieving a more efficient way of calculating prices of derivative products and making valuation adjustments will still require further developments in the available hardware.
25 May 2021
BBVA USA today announced the opening of 11 new branches across five Texas markets, marking a major milestone in an endeavor first announced in June 2020.
The branches, opened in early May, feature updated branch models aligned with the bank’s vision of integrating both a digital and face-to-face branch banking experience for customers. The bank’s new set of branches can be found in the Houston, Austin, San Antonio, Fort Worth and Dallas markets.
The BBVA Turkish unit joins a club of only 16 data centers worldwide with the highest certification.
24 May 2021
BBVA has renewed its range of services for companies with BBVA Pivot – an ecosystem that simplifies cash management for multinational companies. BBVA’s business customers in Spain, Mexico and other Latin American countries now have an easy experience that unifies access to all payments and collections with all the security and guarantees of the BBVA.
21 May 2021
Luisa Gómez Bravo, Global Head of BBVA Corporate & Investment Banking, has participated in a panel discussion on the recovery of the global banking sector after COVID-19 as part of the “Female Leaders in Finance” conference. This financial news conference, with a focus on female talent in the industry, was organized by HSBC Bank.
The private and public sectors must work together to improve nationwide financial education and inclusion strategies and plans. This was one of the key takeaways that emerged during the fourth session of EduFin Summit, the financial education summit organized by the BBVA Center for Financial Education and Capability. The session concluded with an interactive workshop, where attendees shared their experiences regarding obstacles, success stories and disruptive elements that affect the expansion of financial education.
New technologies are changing the way financial services are delivered. That is why financial inclusion must come hand in hand with digital inclusion and “in this journey, solid financial education is essential.” These were some of the conclusions of the experts who participated in the third session of EduFin Summit 2021, the global financial education summit organized by the BBVA Center for Financial Education and Capability. Participants shared their insights into the challenges of financial vulnerability and solutions to reduce it.
20 May 2021
There are more than 10,000 team members spread across BBVA USA’s footprint, each with a unique story to tell.
The supply chain is the set of elements that allows companies to deliver a product or service in order to satisfy the needs of the end customer. The COVID-19 crisis has put the resilience and adaptability of these essential business systems to the test, increasing the urgency to adopt measures and make them more resilient to potential future threats.
19 May 2021
Garanti BBVA is aware of the role that teachers play in promoting quality education. For this reason, since the restrictions began in March 2020, the bank and its ÖRAV Academy have transformed the content they offer teachers through their platform, enriching it with additional information and training apps so that teachers can adapt to the changes following the pandemic.