On Thursday, BBVA Chairman Carlos Torres Vila attended the meeting of the Carolina Foundation Board of Trustees, which was presided by King Felipe VI, at the Royal Palace in El Pardo. The Carolina Foundation, of which BBVA has been a trustee since its inception, celebrates its 20th anniversary in 2020.
As part of its commitment to sustainability, BBVA has become the first institution in Argentina to launch recycled plastic cards, 85.5 percent made of PVC (polyvinyl chloride), produced from recycled plastic.
December 4 is the International Day of Banks. This year we must also celebrate that there are already 200 banks, including BBVA —which is among the founders— that have signed the Principles of Responsible Banking declaration. Together, they form the largest international coalition of financial institutions working together to integrate sustainability at the heart of their businesses and to align this with their commitments to the Paris Agreement on Climate Change and the Sustainable Development Goals.
BBVA’s Turkish unit renews its syndicated loan in international markets as part of its international debt program.
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.
02 Dec 2020
El Corte Inglés and BBVA have signed an agreement to include Bizum as a payment method for the online purchases customers make on both El Corte Inglés’ website and app. The bank collaborated with the distribution group by providing the contractual and technological framework to allow the company to add this new PSD2 adapted payment system, reducing the average time to make a purchase compared to card payments.
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
Greenwich Associates has once again recognized BBVA USA, this time commending its customer experience in two major banking categories in its 2020 Greenwich CX Leaders list announced last week.
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.
26 Nov 2020
Bank cards form part of the daily lives of hundreds of millions of people. The keys to their success are their comfort and simplicity for carrying out all kinds of operations: cash withdrawals, purchases, payments …When it comes time to choose one, it is important to know what types of bank cards there are and their characteristics.
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
The most popular and innovative credit card in Turkey, Garanti BBVA’s Bonus, has launched the service ‘Bonus Check-up’. This service informs customers of their finances and offers guidance when their credit card applications are denied.
BBVA has developed Global Commercial Cards, a solution which allows companies to have greater control of employees’ use of commercial cards simplifying the processes of expense submission and approval.
20 Nov 2020
Senior Manager, Digital Regulation and Trends
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.
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.
This award recognizes BBVA Next Technologies’ commitment using technology to face COVID-19 crisis.
The European Banking Federation recently organized a conference on innovation and cybersecurity where the role of banks in the digital economy and platform economy was discussed, among other topics. According to BBVA, the key to ensuring that financial services benefit from this economy is the creation of a framework for the different types of participating companies to compete fairly.
In order for women like Yamile Salazar or Ceneris Espitia – two BBVA Microfinance Foundation (BBVAMF) entrepreneurs – to advance in Latin America they require three basic conditions: financial independence, self-esteem and a sense of belonging, or social integration, among other things.
12 Nov 2020
After showing signs of slowing in September, the unemployment rate plunged to 6.9 percent in October, down from 7.9 percent, driven by disproportionately higher job gains in the household employment survey, according to the latest economic analysis from the BBVA Research team.
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.
BBVA has joined the (Nasdaq Sustainable Bond Network (NSBN). It is the only Spanish bank on the platform, which consists of the various sustainable debt issuers in the world and is a clear reference point for socially responsible investors. The giant screens on the Nasdaq tower in New York City’s Times Square displayed BBVA’s logo to welcome the bank to this market.
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.
New challenges and opportunities in financial education and inclusion will be the main topic of the third edition of EduFin Talks. The BBVA’s Center for Financial Education and Capability presents the new edition of EduFin Talks, a space to reflect on and discuss the challenges of financial education. This year it will be held fully online.
10 Nov 2020
BBVA USA, the U.S. subsidiary of Madrid-based BBVA, today announced it is offering a digital Home Equity Line of Credit (HELOC) through its website, powered by Prosper, a leading online marketplace for consumer loans. Prosper’s digital HELOC platform, which was developed to simplify the process of applying for and obtaining a HELOC, is now available to BBVA USA customers in select states via the BBVA-branded version of the platform.
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.
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.
09 Nov 2020
BBVA USA has announced that it has become the 2020 sponsor of the annual and historic Iron Bowl matchup between the University of Alabama and Auburn University football teams.
06 Nov 2020
Smart transactions allow Garanti BBVA customers and clients to streamline their daily banking activities and keep their personal finances under control using the bank’s mobile app.
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 Research published its October auto sales chartbook, noting vehicle sales have experienced a v-shaped recovery, increasing 36 percent in the third quarter of 2020 from the previous quarter. However, sales are still 10 percent below levels observed in 3Q2019.
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.
Green, social and sustainable bonds have been growing exponentially in recent years. This year in particular, social and sustainable bonds are playing a fundamental role in companies and the markets due to the COVID-19 health crisis. The team at BBVA Global Markets Research is constantly analyzing this market. This is a summary of the latest news you need to know to stay up to date on this ever-changing financial product.
04 Nov 2020
In a year when company health and wellness programs have proven more important than ever, BBVA USA earned its fourth consecutive Gold Status Health Achievement Award from the American Heart Association (AHA) for its exceptional benefit programs.