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BBVA Chile

BBVA Chile

MUNDO MIGRACIÓN

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.

La Vela (The Sail) BBVA City (12)

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.

Argentina, Peru, Colombia and Chile are examples of BBVA’s commitment to digitization and to offering the most advanced services for customers in the all markets where the bank operates. Chatbots, online investment funds and corporate leasing functions are all evidence of the bank’s progress in Latin America.

opentalent-innovacion-fintech-emprendedores-tecnologia-bbva

Open Talent has evolved from a unified competition for technological companies to one divided into categories that supports all kinds of entrepreneurs in innovation from many countries. It has developed every year since 2009 to help more new entrepreneurs.

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.

The rules of the game are changing more and more quickly. Some authors refer to this period of change as the Fourth Industrial Revolution (Klaus Schwab, Debate 2016) with “growing harmonization and integration of many different disciplines and discoveries” that affect both the physical world (autonomous vehicles, 3D printing, robotics, etc.) and the digital world (Internet of Things, blockchain, etc.).

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.

Picture of La Vela, BBVA´s new architectural Madrid building BBVA

BBVA has a new tagline: Creating Opportunities. The bank will start using it in February and it will be progressively introduced in all countries, all communications to customers and all of BBVA’s printed and digital materials. BBVA’s new tagline sums up the bank’s purpose, launched a few months ago: “To bring the age of opportunity to everyone”

Regulation

Last week, the European Commission announced a new package of regulatory measures: An in-depth regulatory overhaul at all levels –  capital, capital adequacy, leverage ratio and loss-absorbing capacity –  aimed at “completing the post-crisis regulatory agenda by making sure that the regulatory framework addresses any outstanding challenges to financial stability, while ensuring that banks can continue to support the real economy.”

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.

BBVA Foundation’s Biodiversity Conservation Awards recognize each year a number of activities based on scientific knowledge of nature. Each year, the winners show that good results can be obtained that have a lasting effect on the environment. This edition’s winners are engaged in activities as diverse as the rehabilitation of Spanish fauna, land conservation or recording a sound archive of nature.

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.

According to BBVA Research’s latest report, Latin America’s slowdown process, which started in 2012, will bottom out this year, with a decline in activity of -0.9%, before giving way to positive GDP growth rates in 2017 of 1.8%. This increase in activity will be driven by growth in both public and private investment, especially in Argentina, Peru and Colombia, as well as stronger activity in the foreign sector, which will benefit from recent sharp currency depreciations and the gradual recovery in commodity prices.

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.”

Views of Chile

North or south. This is the geographic reference that people use the most in Chile to define the location of a place within the country. Indeed, geographically, Chile is as long as it is narrow. In fact, it is the longest country in the world (4,329 kilometers or 2,653 miles from north to south), but averages just 180 kilometers from the eastern boundaries defined by the Andes mountain range to its western coast, washed by the immensity of the Pacific ocean. That is why all that is left is north or south.

Productivity means doing things better, doing more with the same resources, combining them more efficiently to produce better results. And greater productivity – as well as more investment and jobs – is exactly what we need in Chile to return to the growth rates that improved millions of people’s quality of life over the past 25 years.

Celestial Nomad Takes Centre Stage

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.