Generation Z expects a financial model that meets their needs in terms of digitalisation, immediacy and respect for the environment. Born at the heart of the digital age, they expect services that live up to their requirements for transparency and constant attention.
BBVA will reduce to zero its exposure to coal-related activities, stopping the financing of companies in this business by 2030 in developed countries, and by 2040 in the rest of the countries of its footprint. This decision, which is included in the updated BBVA’s Environmental and Social Framework, is in line with the Intergovernmental Panel on Climate Change’s (IPCC) proposal. This aims to limit the rise in temperatures to a maximum of 1.5ºC and achieve the ambition of a carbon neutral economy in 2050.
Carlos Torres Vila, Group Executive Chairman:
The BBVA Foundation has awarded the Frontiers of Knowledge Award in the Economics, Finance and Business Management category to Ben Bernanke, Mark Gertler, Nobuhiro Kiyotaki and John Moore for their fundamental contributions to our understanding of how financial imperfections can amplify macroeconomic fluctuations and generate deep macroeconomic recessions. Their first works focused on a fundamental aspect that had not been addressed until then: the state of companies’ balance sheets and its effect on their borrowing capacity and, therefore, their investment capacity.
04 Mar 2021
It´s been found that 62.5 percent of organizations with more than 50,000 employees are already working in an Agile way, according to the Agile Maturity Index report. In collaboration with Workday, Opinno consultancy presented its conclusions of an analysis of 600 companies (260 Spanish) from various countries. BBVA, a pioneer in incorporating agile work forms in Spain, is positioned as a benchmark for success in its implementation.
The many manifestations of COVID-19 have made us susceptible to associating any of its wide-ranging symptoms to the virus and we forget that other conditions still exist and need to be tended to. More worrisome is the fact that globally, public health measures to control the pandemic, including mobility restrictions and prioritization of COVID-19 treatment, coupled with the economic crisis that is producing an increase in poverty, has made it even more challenging for low-income patients to access treatment in a timely manner. In Latin America, according to Pfizer, the number of medical consultations and oncological visits nearly halved. Moreover, in the region, having medical coverage and access to basic health care is limited to very few people.
01 Mar 2021
BBVA was recently named Best Investment Bank for Sustainable Financing by Global Finance as part of its 22nd annual World’s Best Investment Banks survey.
In naming the global winners, Publisher and Editorial Director Joseph D. Giarraputo pointed out the role investment banks will play in the world post-pandemic, specifically mentioning the importance of understanding the skills and specialties that these banks bring. For BBVA USA, sustainability is a clear differentiating factor and has become especially important over the past year.
We tested OpenAI’s GPT-3 (one of the largest Artificial Intelligence (AI) language models ever created) on ten Spanish customer conversations about banking. Without any previous customization, re-training or transfer learning whatsoever, we asked it to generate summaries that would be useful to any bank agent who joins (or retakes) the conversation.
Global Finance recognized BBVA as the world’s best investment bank for sustainable finance at the latest edition of its awards ‘Best Investment Bank Awards 2021’. A global recognition that joins the bank’s other awards for the best equity bank in Western Europe and the best investment bank in Argentina, Spain and Turkey.
26 Feb 2021
In 2020, BBVA USA’s Global Wealth team exceeded client expectations with its flexible approach to its wealth management services at the onset of the pandemic. This year, that customer satisfaction yielded a 2021 best-in-class firm score from a Greenwich Associates study, as announced by the research firm last week.
For yet another year, the Organization for Economic Cooperation and Development (OECD) has published the data reported by nearly 40 of the largest foundations in member countries of the Development Assistance Committee (DAC), to showcase the impact of private philanthropy. For second year running, the BBVA Microfinance Foundation (BBVAMF) ranks as the leading contributor to development in Latin America, and the world’s second, next to the Bill and Melinda Gates Foundation.
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) filed on February 26, 2021 with the Securities and Exchange Commission BBVA´s Annual Report on Form 20-F for the year ended December 31, 2020.The Annual Report can be found on BBVA’s Investor Relations websitehttp://shareholdersandinvestors.bbva.com in the section dedicated to Financial information 2020.
25 Feb 2021
The BBVA Foundation has awarded the Frontiers of Knowledge Award in the Basic Sciences category to Paul Alivisatos and Michael Grätzel for their fundamental contributions to the development of new nanomaterials that are already being applied both in solar energy production and in next-generation electronics. The work of both winners opens the door to new avenues for the production of renewable energies, electronic devices, biomedical imaging techniques, and other applications.
24 Feb 2021
Changes to Turkey’s banking legislation herald a new stage that will see customers increasingly shifting towards digital banking. In anticipation, Garanti BBVA – the bank that spearheaded the development of online banking in the country – has digitized its entire customer onboarding process and allows banking transactions to be carried out easily, quickly and safely.
23 Feb 2021
BBVA and Google Cloud today announced a new strategic partnership to transform the bank’s security strategy by optimizing and improving its security infrastructure. As part of this global agreement, BBVA will collaborate with Google Cloud in the development of groundbreaking new artificial intelligence (AI) and machine learning (ML) models to predict and prevent cyberattacks against its banking infrastructure, providing a more secure experience for the bank and its customers.
22 Feb 2021
Nearly 2.5 million people chose digital channels to become BBVA customers in 2020. The figure represents 33.3 percent of total new customers achieved throughout the Group via individual channels (offices, app, web, ATMs …) and represents a 56 percent jump with respect to new users gained digitally in 2019.
19 Feb 2021
BBVA has updated its Corporate Social Responsibility (CSR) policy with several new additions following the recommendations of Spain’s financial market regulator, the CNMV, and the bank’s growing commitment to its role in sustainable banking. Furthermore, BBVA’s Board of Directors also approved the General Policy on Sustainability, which defines and establishes the general principles, main objectives and guidelines for the management and control of the Group in terms of sustainable development, with the aim of striking a balance among economic development, social development and environmental protection.
Garanti BBVA was recognized as Best Bank for Cash Management in Turkey in 2021 in Global Finance’s annual Best Treasury & Cash Management Banks survey.
17 Feb 2021
BBVA USA recently announced the formation of its third Business Resource Group (BRG), this one in support of Black and African-American employees.
16 Feb 2021
Garanti BBVA has been developing social investment programs for years with the aim of creating common values. With this in mind, the non-profit organization SALT was founded in 2011, which is now Garanti BBVA´s most important cultural and artistic initiative.
12 Feb 2021
BBVA Chairman Carlos Torres Vila and CEO Onur Genç will not collect their variable remuneration for 2020 as a gesture of responsibility in a year marked by the COVID-19 pandemic, as detailed in the annual remuneration report for BBVA directors. The decision is also a sign of their commitment to their customers, shareholders, employees and society as a whole. Additionally, the bank has updated its remuneration policy for the next three years (2021, 2022 and 2023), which will be presented for approval at the Annual General Meeting.
In 2020, BBVA launched its ‘COVID-19 Social Response Plan’ with €35.7 million to help society at large. The funds were primarily used to purchase medical equipment to support public health systems. In addition, the bank collaborated with a variety of different organizations to support vulnerable groups, and promoted research on the disease and its side effects. More than 3.5 million people directly benefited from these initiatives, rolled out on top of another batch of measures implemented to support clients and customers, including payment deferrals and government backed loans.
11 Feb 2021
As part of its work around helping people better understand their financial health and make better financial decisions, BBVA USA recently launched BBVA Insights in its online banking and mobile banking app.
Garanti BBVA has been included in Bloomberg’s Gender Equality Index – a recognition it received thanks to its internal equality policies, the benefits it provides its customers and its successful efforts through its entire value chain.
The BBVA Foundation has awarded the Frontiers of Knowledge Award in Information and Communication Technologies to John Hennessy and David Patterson, founders of the new scientific area known as computer architecture, that designs the “brains” of computer systems. The awardees were the first to devise a conceptual framework that provides the field with a grounded approach to measuring performance, energy efficiency and the complexity of a computer.
Although male stereotypes dominate science and technology, the reality is that these areas are becoming increasingly diverse and more women are gradually landing technical jobs. Today, February 11, on the occasion of the International Day of Women and Girls in Science, four professionals from BBVA’s Engineering and Organization unit share their views on how to tear down barriers and get young girls more interested in tech jobs.
10 Feb 2021
Greenwich Associates announced today its Greenwich Excellence Awards, a series of honors that recognizes top 2020 performers in the banking industry in a variety of topics, highlighting BBVA USA in a plethora of categories.
09 Feb 2021
Months ago, BBVA USA Head of Mortgage Murat Kalkan spoke on a variety of topics regarding the mortgage sector – and in part spoke about millennials and their changing patterns toward homeownership.
BBVA reached €50.2 billion in sustainable financing at the end of December 2020. This means it has achieved half of its sustainable financing objective foreseen for the 2018-2025 period (€100 billion), one year ahead of schedule. The growth rate in the financing of this type of BBVA sustainable operation is 33 percent more than planned.
08 Feb 2021
BBVA received the banking industry’s silver award in the yearbook put together by S&P Global, analyst for the Dow Jones Sustainability Index (DJSI), the ranking in which the Group rose to the position of the second most sustainable bank in the world in 2020.
Garanti BBVA is launching a product to finance the installation of solar energy systems on rooftops for self-consumption.