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BBVA Chile

BBVA Chile

45 minutes by motorcycle, half an hour by boat and 15 minutes on foot. That is how Sergio Pacheco and Victor Madera, loan officers of the BBVA Microfinance Foundation in Colombia, manage to bring financial services where no one else does. This journey is just one example among the numerous cases that can be found in the countries where the Foundation works. These are the lengths to which they go to reach those who live outside the financial system, which is another barrier to their progress. In 2020, BBVAMF has banked nearly 300,000 people in Colombia and Peru, and its two institutions combined have reached more than 2.1 million clients.

The 9th of August is the day the United Nations honors the indigenous people for their efforts in protecting biodiversity and a millenium-old culture. They comprise 6% of the world’s population but their territory houses 80% of the planet’s biodiversity. Indigenous communities possess valuable knowledge on how to preserve the environment and care for natural resources. However, they face challenges that put their survival at risk, such as the lack of basic services like health -especially during the COVID-19 pandemic- or access to finance. Among other obstacles that hinder their progress is the lack of infrastructure, but the language barrier is also significant.

A finales del siglo XIX y durante el primer tercio del siglo XX, Sudamérica se convirtió en una prominente región de destino de la migración, principalmente de Europa, China y Japón. La depresión económica que vivía Occidente, las guerras europeas, y las reminiscencia de las antiguas metrópolis hicieron de los países sudamericanos el destino elegido por millones de personas que buscaban un futuro más próspero.

We all remember those teachers who asked us what we want to be when we grow up. A critical moment in a child's life because that is when we begin to build our sense of self and anticipate what we might achieve in the future. A study published by the magazine Science reveals that girls from the age of six are less prone to consider their own sex as “brilliant”. The significant inequality between men and women, gender stereotypes, and the way we educate them cause girls to limit their aspirations, to build walls in their own heads.

After obtaining the pertinent regulatory authorizations, BBVA Group has closed the sale of its 68.19% stake in BBVA Chile and other companies in the country to Scotiabank, for a total of about $2.2 billion. The transaction will yield capital gains of about €640 million and will have a positive impact on BBVA’s fully-loaded CET 1 capital ratio of about 50 basis points.

BBVA continued leading the way to innovation in Latin America during 2017, becoming the region’s digital bank par excellence. That distinction was confirmed by Global Finance magazine, which judged BBVA’s mobile banking app to be the best in Latin America. BBVA’s local franchises in the region have set the pace in the development of products and services which, just as in the case of mobile banking, aim to make their customers’ lives easier and deliver on the Group’s intent to bring the age of opportunity to everyone.

The Pacific Alliance, made up of Chile, Colombia, Mexico and Peru, is a regional economic and comercial powerhouse.  This area grows more than the average in Latin America. BBVA Research expects GDP growth of 1.6% and 2.3% in 2017 and 2018, respectively.  "The Pacific Alliance is a success story in integration.  And not by chance.  It shares an ambition and a set of values behind this policy, on how prosperity should be reached," said Jose Manuel González-Páramo, executive director of BBVA in Santander.

Creating Opportunities is the BBVA Group’s new tagline. After a decade, ‘Adelante’ is giving way to a new tagline that fits with the bank’s new purpose: To bring the age of opportunity to everyone. In this interview, Carlos Ricardo, the BBVA Group’s Marketing Director and Brand Director Carlos Pérez Beruete explain the process that led to the new tagline. It will also be accompanied by a new image, identity, sound and value proposition. “2017 will be the year that consumers clearly see how the bank has been transforming in recent years,” they say.

The day after Thanksgiving, or the last Friday of November, is celebrated nearly all over the world as Black Friday, the day that marks the first day of Christmas shopping. Over the years, with the arrival of new technologies, sales have been extended to Monday, known as Cyber Monday when discounts are offered for online shoppers.

Millenials have become the true engine of Latin America’s society. Not only in economic terms, but also in political and social aspects. They have witnessed the comeback of one of the most powerful regions in the world, and have been granted access to far greater technological resources than they would’ve ever imagined.

The Roca brothers are having a very hectic time. Their normally frenetic life has been further intensified by several social projects. These projects include creating a foundation, meeting with vulnerable female entrepreneurs in Chile and the 2016 BBVA-El Celler de Can Roca Tour through London, Hong Kong, Phoenix, San Francisco and Santiago de Chile.

He has worked at BBVA for 17 years and has spent a decade abroad, living out of a suitcase. Even though he has participated in numerous projects in various regions, and even continents, he says his job is to “be transparent.”

23

BBVA Chile has a collection of 60 paintings acquired throughout its history. On this occasion, the paintings of 23 distinguished artists have been selected. They come from different periods of time and the artists were either Chilean by birth or painted in Chile, influencing o inspired by the country’s artistic world.

Some of the artists who stand out include Pedro Lira, Johann Moritz Rugendas, Juan Francisco González, Thomas Somerscales, Arthur Gordon, Onofre Jarpa, and Renzo Pecchenino, among others.

For Chileans, stars have become a valuable natural resource, capable of attracting millions in investments in the shape of the most advanced astronomical observatories, which have populated the arid Atacama desert landscape little by little. Thanks to them, scientists from across the world can enlighten humanity with their discoveries about galaxies, exoplanets and different interstellar events.

In just a few years, Chile has left behind a power generation landscape dominated by conventional generation sources to become one of world’s top-investors in non-conventional renewable energy projects (NCRE) and one of the regional leaders in solar power technology. The boom is driven by factors such as an extensive coastline, a desert under recurrently clear blue skies and regulations that encourage operators

A healthy and robust financial system supports the economic development of a country because it streamlines capital investments on productive activities, such as construction, industry, technology or market expansion. It also contributes to the advancement of society helping to provide solutions to meet its needs, such as housing, education and employment, to name a few