In February 2019, BBVA Compass announced that the Federal Reserve Bank of Atlanta rated it “Outstanding” for CRA performance for its most recent examination period. This three-part series will take a detailed look at the key efforts behind that rating in lending, investment and community giving.
BBVA recently structured the first sustainable loan in RCF format in Spain’s hotel industry. The €65 million credit line with Meliá Hotels International is an example of the Balearic group’s commitment to the fight against climate change.
CSR Europe and PWC have recognized BBVA for its transparency and best practices in tax issues. At an event in Brussels, this European corporate social responsibility network and the global consulting firm presented a report on the best corporate practices for tax matters. In a world where companies are expected to have a sustainable business in every respect, BBVA was one of the large global companies to present its best practices at the event.
Two young friends on a surfing trip to Bali, shocked by the heaps of plastic they found washed up on the beach, returned to the United States with an entrepreneurial vision to clean the ocean. Their company, 4Ocean, promises to remove one pound of trash from oceans and coastlines with the sale of every one of its $20 bracelets, which are made from recycled plastic and glass bottles. In roughly two years, the venture, which now employs more than 150 people around the planet, reports that it has recovered over 4 million pounds of trash.
In 2016 Garanti Bank teamed up with Bahçeşehir University to launch ‘Code the Future with Garanti’, an educational program designed to make a positive impact on local communities by preparing children for the digital age. Entering its fourth year, the program will hold a series of workshops in seven cities across Turkey. Its first stop: Istanbul.
Garanti Bank has launched a new series of training seminars for entrepreneurs. The Garanti Partners Meetup series supports Turkey’s ecosystem of entrepreneurs by providing master classes on relevant topics.
Earning an outstanding rating for CRA performance is a rare accomplishment — fewer than 10 percent of banks earn that rating. For BBVA Compass, it’s a clear reflection of the cultural shift that’s taken place within the organization over the past three years.
BBVA Compass launched its full financial education program for 2019 last week, on the heels of a successful four-month pilot program which wrapped in December, aiming to reach approximately 7,000 more people during its first full year in existence.
BBVA has released its updated financing policy addressing sectors that have a serious environmental or social impact. The main change to the policy is the inclusion of more limits and a tightening of restrictions for the mining, energy, infrastructure, and agribusiness sectors. In addition, the updated policy provides clear guidance on the management of clients and business activities related to these industries. The transportation of tar sands has been explicitly added to list of prohibited activities.
Rut Pelaiza has spent her entire life as an example: for her parents, for her daughters, and since five years ago, for the thousands of women in the Palabra de Mujer [Woman’s Word] program run by the Peruvian institution of the BBVA Microfinance Foundation. She recalls that she always wanted to be independent and with pride, shares how she managed to achieve this goal when she grew up.