Garanti BBVA is betting on technology and innovation to continue leading the payment system and credit card sector. Now customers can complete the credit card application and authorization process on Bonus’ website and start enjoying all of the benefits immediately.
30 Sep 2020
BBVA USA’s Senior Executive Vice President and Chief Talent & Culture Executive Rosilyn Houston was named today to American Banker’s Top 25 Most Powerful Women in Banking list, marking the fifth consecutive year she has been recognized by the outlet.
If the context in which banks and companies interacted last year was already complicated due to the political and economic uncertainty, combined with the low interest rate scenario, the arrival of the COVID-19 pandemic last March further complicated this context by forcing nearly everyone into lockdown. Investment banks were a key component for the survival of large corporations. Jose Ramón Vizmanos, the Head of Global Client Coverage at BBVA Corporate & Investment Banking, explained this to the financial newspaper Cinco Días in an interview this summer.
Garanti BBVA earned three Stevie awards, the prestigious prize conferred to the most successful enterprises and executives from the international business community.
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.
29 Sep 2020
The housing market is a complex entity that can confuse most Americans, especially when considering the various factors that influence it. Further adding to this entanglement that consumers must unravel are the impacts from the COVID-19 pandemic.
Millennials are the generation known as the tech generation, the echo generation, along with other monikers. However, they’re also known for their reluctance to buy homes. There have been many reasons for this trend among millennials, according to BBVA USA Head of Mortgage Banking Murat Kalkan.
Azlo, a provider of digital banking and business services for small businesses, is seeing a surge in new account openings in 2020 in the midst of the “Covid Economy” that is spurring new entrepreneurs into action. The digital business banking service—built from day one to serve the needs of small business owners—today announced it has doubled its customer count, year-to-date, and is launching a new subscription service, Azlo Pro, designed to further meet the needs of entrepreneurs around the U.S. by saving them time and money.
28 Sep 2020
Carlos Torres Vila participated in an event sponsored by the BBVA Microfinance Foundation, entitled ‘Unstoppable women: Challenges to and achievements of reinvention in times of crisis’. The event, chaired by Queen Letizia of Spain, shone the spotlight on the work of Latin American women entrepreneurs and technology’s key role in propping up their resilience against the economic impact of the pandemic. Development experts from organizations such as SEGIB (Ibero-American General Secretariat), the United Nations Development Program (UNDP), UN Women and representatives of technology companies such as Google also took part in the event.
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
BBVA illuminated the main building at its company headquarters in Madrid—La Vela—to mark the fifth anniversary of the launching of the Sustainable Development Goals (SDGs). BBVA opted for the color blue of the United Nations flag to commemorate the date on which 193 countries adopted the 2030 Agenda at UN headquarters in New York.
On September 25, 2015, at the United Nations headquarters in New York, representatives from 193 countries approved the Agenda 2030. Pivotal to the agenda, the UN defined 17 Sustainable Development Goals and 169 targets – which were announced during the signing ceremony – that address a broad range of issues, from extreme poverty to climate change, and promote both education quality and gender equality, peace or responsible consumption. To commemorate the occasion, BBVA lit up in blue (in homage to the United Nations) its flagship La Vela building in its corporate headquarters in Madrid.
Organized by Garanti BBVA, the Ekonomist magazine and the Turkish Association of Women Entrepreneurs (KAGIDER), the event marks the start of the process to present candidacies for this new edition.
24 Sep 2020
Digital Regulation Senior Manager BBVA
BBVA celebrated its third annual Values Day under this year’s theme, ‘united by our values’. The event provided the bank’s more than 125,000 employees the opportunity to reflect on and cultivate the BBVA corporate values and behaviors. The activities and workshops organized for this year’s event — unavoidably marked by the COVID-19 pandemic — were moved into a virtual environment, which was available to employees during the days leading up to the event.
Javier Rodríguez Soler
BBVA USA President & CEO | U.S. Country Manager
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.
Global Head of Responsible Business at BBVA
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
There are more than 10,000 team members spread across BBVA USA’s footprint, each with a unique story to tell. Earlier this year, we introduced a new series to celebrate this rich diversity of experience: “Bringing Your Authentic Self to Work.” To recognize Hispanic Heritage Month, we spoke to seven BBVA team members about what they love about their Hispanic heritage and how it has contributed to who they are today. Hispanic Heritage Month, which runs from Sept. 15-Oct. 15 in recognition of several Latin American independence days, recognizes and celebrates the contributions that people tracing their roots to Spain, Mexico, Central America, South America, and the Spanish-speaking countries of the Caribbean have made to American society and culture.
Last week, the BBVA USA Paycheck Protection Program (PPP) Forgiveness Series detailed the PPP lender’s responsibilities, which can be found here. The second part of the bank’s PPP forgiveness webinar provided an overview of the borrower’s responsibilities and this article highlights some of the borrower’s responsibilities.
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.
More than a third of the global banking industry has signed the Principles for Responsible Banking, which this month celebrates its one-year anniversary. This milestone demonstrates the sector’s commitment to sustainability and aligning its business activity to the promises made in the Paris Agreement and the UN’s Sustainable Development Goals.
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
Garanti BBVA Leasing continues to build on its support for renewable energy development. Most recently, the bank has signed a partnership agreement with Elin Enerji, one of Turkey’s most important energy companies
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
Blue is a virtual assistant that uses various artificial intelligence tools to help BBVA customers use the mobile application to complete tasks as well get detailed, personalized information about their accounts. This is how it works.
On May 25, 2020, the General Data Protection Regulation celebrated its second year of entry into application. As envisaged in the standard itself, the European Commission performed an assessment on its application and functioning over this period of time, taking into account the feedback provided by associations, companies, consumers and EU institutions. The commission has finally released the corresponding findings, which concludes that, on top of having a very positive impact, the COVID-19 crisis has demonstrated that the Regulation is prepared for the new digital age
U.S. banks have a decisive role to play in minimizing their customers’ growing financial uncertainty. The time has come for the banking industry in the United States to become more involved in improving the financial health of its customers. This is one of the main conclusions set forth in the study “Making Outcomes Matter: An immodest Proposal for a New Consumer Financial Regulatory Paradigm” by researchers Todd H. Baker (Richard Paul Richman Center for Business, Law and Public Policy) and Corey Stone (Financial Health Network).
17 Sep 2020
BBVA USA has been honored by Global Finance as one of the World’s Best Corporate/Institutional Digital Banks in North America for 2020.
Building on its current “Your Bank for…” marketing campaign, BBVA has produced two new animated videos in response to the pandemic-related challenges small businesses are currently facing.
BBVA USA has launched a sustainability-focused commercial real estate loan for clients across its footprint, marking a milestone in the bank’s new 5-year strategic plan implemented in January 2020.
16 Sep 2020
When the PPP launched earlier this year in response to the COVID-19 pandemic, uncertainty painted the quickly-changing small business landscape. That uncertainty still lingers now that the program’s narrative has shifted to the forgiveness phase.
When she was barely 20 years old, Yohana Sosa decided to open her own business, knowing that things won’t be easy. Her talent for enterprising is mixed with a sense of responsibility which all of us must have, when it comes to caring for the environment. This is how she created D’Alexis Cartonera, a micro business that recycles cartons and turns them into custom-made packaging material. Today, almost a decade later, Yohana is a pacesetter in her community as her business keeps growing with the support of BBVA Microfinance Foundation, and with it, a greater awareness on how important it is to preserve natural resources.
The BBVA Garanti securities unit has received the Turkish Markets Capital Association’s Social Value award for its ground-breaking digital initiative, ‘A Different Race’ delivered together with the foundation for children with autism, Tohum Otizm Vakfı.
15 Sep 2020
BBVA Mexico reports that it successfully concluded the issuing of $500 million of unsecured senior notes in international markets, with a five year maturity and an interest rate of 1.875 percent.
Global Head of Structured Finance
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.
BBVA and Grupo Piñero agreed three sustainable bilateral financing deals on behalf of Levantur. These are the first sustainable bilateral loans to be guaranteed by Spain’s Official Institute of Credit (ICO). The Spanish tourist Group will use the financing for liquidity and working capital needs arising from the economic impact caused by the COVID-19 pandemic.
In its efforts to continue supporting the financial group’s digital transformation, BBVA Hackathon is announcing its 20th edition, which will take place on October 16th – 18th. It will be virtual this year, with countries participating where BBVA Open Innovation has a presence like Mexico, Spain, Colombia and Peru.
11 Sep 2020
The wealth management sector is a unique area of the financial industry. Like two merging streams, it can easily blur the lines of consumer and business banking, and mix it into a quickly moving entity that changes at every curve.
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.
09 Sep 2020
The COVID-19 crisis is pushing vulnerable groups – those bearing the economic brunt of the crisis – to the limit. Leora Klapper, lead economist of the World Bank’s Development Research Group and member of the Advisory Board of the BBVA Center for Financial Education and Capability, analyzes the key factors to boosting these groups’ economic resilience and promoting their financial inclusion.
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
Siri Hustvedt has published works of fiction, essays, poetry and academic articles. Her work is underpinned by feminism, art, and science.
07 Sep 2020
The World Tourism Organization and the innovation hub Wakalua, working in collaboration with companies like BBVA, have launched a competition for startups in the world of tourism to find technological and innovative solutions that respond to the sector’s sustainability challenges.
04 Sep 2020
BBVA and the Korean energy company, SK Innovation, have signed a working capital loan of €100 million to expand the company’s electric vehicle battery manufacturing facilities in Europe. This transaction is the first working capital loan certified by BBVA in Asia in compliance with its sustainable transaction banking framework.
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
Blue is pleasant, patient, and able to put itself in the shoes of others. It loves talking to humans and is always willing and ready to help customers. And it wants to learn lots of things in order to become even more insightful. These are just some of the personality traits that characterize BBVA’s new voice assistant, which came to life out of a complex process that factored even the most minor details.
01 Sep 2020
BBVA USA today announced the formation of its second Business Resource Group (BRG), this one in support of employees who identify as part of the lesbian, gay, bisexual, transgender, queer (LGBTQ) and supporting community. The announcement was made during the bank’s first LGBTQ Perspectives internal panel discussion, held virtually and including more than 300 bank employees.
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.”