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2021, the year BBVA presents its long-term plan to grow and reward its shareholders

2021 was a year full of relevant milestones for BBVA. The bank closed the sale of its U.S. unit and launched operations in Italy with a fully digital offering. It also increased shareholder distributions and launched one of the largest share buybacks in Europe.

In November, it announced a set of ambitious targets through 2024, prioritizing profitable growth and shareholder value creation. All this without losing sight of the two major disruptive forces that society is facing: digitization and sustainability.

Through September 2021, BBVA added over 2.5 million new customers through its mobile app and websites. It also promoted sustainability to the highest level of the organization, doubled its sustainable finance pledge through 2025 and announced intermediate portfolio decarbonization targets in carbon-intensive industries, to name a few.

BBVA'S 2021 MILESTONES
JANUARY 22

BBVA closes the sale of its Paraguay unit

BBVA successfully closed the sale of its 100 percent share capital in BBVA Paraguay to Banco GNB Paraguay, a unit of Grupo Gilinski, after obtaining all required authorizations.

JANUARY 27

Bloomberg recognizes BBVA's strategy on gender equality

BBVA was included in the Bloomberg Gender-Equality Index for the fourth consecutive year. The financial institution, which has placed diversity as a business objective, improved its rating by five percentage points compared to previous editions thanks to its policies of promoting equal opportunities in professional growth and an inclusive corporate culture.

FEBRUARY 2

BBVA to invest as much as $150 million in Propel Venture Partners

BBVA committed to invest as much as $150 million in new capital to support Propel, bringing its total commitment to over $400 million, including its previous investment in 2016. This new commitment from BBVA gives Propel the flexible financial backing needed to continue building a world-class fintech venture fund.

FEBRUARY 23

Partnership to detect and prevent cyberattacks

BBVA and Google Cloud joined forces to drive security innovation in financial services. The companies created an AI-powered platform to predict security threats and boost its security to both clients and the bank’s financial infrastructure