Bonus, Türkiye’s first credit card to reward spending, has once again been named the country’s favorite credit card brand in the annual Türkiye’s Lovemarks survey, conducted by Ipsos for MediaCat. The award, which Bonus has now won 11 times, reflects the strong bond the brand has built with consumers over the years.

The Turkish city of Antalya is hosting one of the world’s largest international gatherings on climate change: COP31. Two main zones, hundreds of meeting venues and workspaces, a whole fleet of low-emission vehicles and extensive hotel facilities make up the infrastructure for a summit that also aims to leave a lasting legacy in the city.

BBVA has joined a new public-private alliance led by the European Investment Bank Group (EIB Group) aimed at channeling more than €10 billion into European technology companies in their scale-up phase. The initiative, which brings together seven European Union Member States and fourteen institutional investors, aims to mobilize up to €80 billion in total investment to help innovative European companies grow and compete globally.

Antonio Bravo, Global Head of AI Transformation at BBVA, spoke at two events in London organized by Bloomberg and the Financial Times, outlining the key elements of BBVA’s strategy to deploy artificial intelligence across the organization and bring its benefits to customers. After more than a year developing agents, and with AI tools now available across the organization, BBVA is moving toward a new model for scaling the technology safely and with robust governance and controls. “We are already rolling out our first AI solutions, and the pace of launches will accelerate even further next year,” Bravo said.

BBVA Chair Carlos Torres Vila announced at COP31, taking place in Antalya (Türkiye), that the bank “has channeled nearly €60 billion in sustainable business activity linked to electrification from January 2025 to September 2026.” This figure represents around 24% of the €254 billion channeled by BBVA in sustainable business over the same period, he noted during a panel discussion with Fatih Birol, Executive Director of the International Energy Agency (IEA), and Lei Zhang, founder and CEO of Envision.

BBVA and Garanti BBVA welcomed representatives from various industries to their joint pavilion on the summit’s second day for discussions on energy and transportation. The sessions underlined the need to develop financing, technology and infrastructure together to accelerate investment in the transition.

BBVA placed €1,000 million in a contingent convertible bond (AT1) on Tuesday, with demand reaching as high as €8,250 million. The bond is perpetual but has a call window in October 2034. The coupon was set at 6.5%, significantly below the initial price guidance of 7.125%. The coupon is fixed, although if the bond is not redeemed on the specified date, it will become floating, linked to the five-year mid-swap rate plus a spread to be determined. The joint bookrunners were Barclays, BBVA, Bank of America, Citi, Deutsche Bank and Natixis.

Moving from ambition to action on climate change is possible. Ahead of COP31, BBVA has taken on this effort around six major challenges related to some of the themes of the Climate Summit Presidency’s Agenda for Action: financing electrification and sustainable infrastructure at scale; making clean technologies (‘cleantech’) financeable; supporting sustainability throughout the value chain; promoting the resilience, conservation and regeneration of natural capital; fostering inclusive sustainability; and contributing to a sustainable financial system.

BBVA Group will participate as a global bank in COP31, to be held in Antalya (Türkiye) from November 9 to 20, with an agenda focused on mobilizing finance to move from climate ambition and targets to action and implementation. BBVA and Garanti BBVA have organized more than 60 sessions to analyze investment opportunities and financial solutions that can contribute to the development of energy transition, industrial decarbonization, climate resilience, and nature protection projects.

BBVA has been named Best Private Bank in Colombia, Mexico and Peru at the 2026 Global Private Banking Awards, organised by Professional Wealth Management (PWM) and The Banker, both publications of the Financial Times Group.

Since its launch in 2022, BBVA Spark has committed €1.5 billion in financing to innovative, high-growth tech companies and serves more than 2,000 companies. Santiago Muguruza, Head of BBVA Spark, highlighted these figures at the opening of the fourth BBVA Spark Summit, held in Barcelona and attended by more than 300 representatives of the entrepreneurial and investor ecosystem. “We believe that Europe has the talent and ambition needed to create global technology leaders, and we want to play a bigger role in helping them grow,” Muguruza said in his speech.

The climate transition poses not only the challenge of reducing emissions, but also that of adapting jobs, preparing young people for new opportunities and facilitating access to entrepreneurship. These social challenges will be addressed at COP31, where BBVA, the summit’s global bank, will hold three meetings on a just transition, climate education and green entrepreneurship.

Garanti BBVA has decided to launch a share buyback program for a maximum period of three years, reflecting its confidence in its strong financial position and long-term value creation potential. Under the program, the Bank plans to repurchase the shares up to nominal value of 85 million TL and allocate a maximum of TL 11 billion for these transactions.

The scale of major public priorities is also changing how they are financed. Infrastructure, energy transition, defense, digitalization, water and housing require the mobilization of different types of resources and the coordination of public and private capabilities. In this new environment, structuring projects capable of attracting institutional capital is becoming an increasingly important component of investment.

COP31 opens in Antalya, Türkiye, on November 9 with a major challenge: turning years of climate commitments into concrete action. Electrification, finance, adaptation and resilience will shape a summit aimed at closing the gap between ambition and action on the ground.

Garanti BBVA has successfully completed the sale of its Romanian subsidiary to Raiffeisen Bank – the Romanian unit of the Austrian bank, Raiffeisen Bank International AG (RBI) – for €571 million, after receiving the necessary regulatory approvals.

BBVA customers in Italy can now stay connected wherever they travel by purchasing mobile data plans directly through BBVA’s app, bringing banking, payments and global connectivity together in one place. The service, launched through an agreement between BBVA and Gigs, represents another step in BBVA’s plan to broaden its range of products beyond financial services. The eSIM service has launched first in Italy with the possibility of future market expansion.

The energy transition, infrastructure modernization and digitalization are creating new investment opportunities in Türkiye and strengthening its role as a regional hub. Sinem Edige, Head of CIB Türkiye at BBVA, discusses the key drivers of this transformation and how the bank is supporting companies as they navigate increasingly complex financial challenges.

The Group’s wholesale banking division closed September with strong performance, driven by a 21% year-on-year increase in revenues (at constant euros, excluding the accounting impact of the hyperinflation adjustment). All business units contributed to this performance, posting double-digit growth: Global Markets (GM), +18%; Global Transaction Banking (GTB), +21%; and Investment Banking & Finance (IB&F), +34%. Loan book increased by 32% compared with December 2025, with significant contributions from Project Finance and Corporate Lending in Asia and the United States, as well as from the transaction banking business. Meanwhile, attributable profit reached €1.044 billion in the third quarter and stood at €3.082 billion at the end of September 2026, representing a year-on-year increase of 19% at constant euros.

The partnership between the climate summit (COP31) and the International Energy Agency is a framework agreement that combines data, scientific expertise and political leadership to transform environmental commitments into specific, measurable and bankable actions with a 2035 horizon.

BBVA reported a net attributable profit of €9.07 billion for the period from January through September 2026, up 13.6 percent year-over-year (up 11.4 percent in constant euros) driven by strong recurring revenue (net interest income and fees and commissions). Earnings per share grew at a faster pace, rising 17.5 percent following the share buybacks carried out over the past 12 months. The Group maintains a distinctive combination of growth and profitability in Europe: lending increased by 20.4 percent year-over-year in constant euros¹, and ROTE reached 22 percent. The bank also boasts an industry-leading efficiency ratio of 37.9 percent and a strong CET1 capital ratio of 12.21 percent.

Türkiye Garanti Bankası A.Ş. has announced its financial statements for the period ended September 30, 2026. On a consolidated basis, the Bank’s net income for the first nine months of the year was TL 98.2 billion.

Climate change agreements at United Nations (UN) conferences are negotiated through technical meetings, diplomatic consultations and negotiations among countries. Unlike other international bodies, decisions are not made by majority votes. Instead, they are adopted by consensus by all parties.

Garanti BBVA has raised a total of EUR 400 million in diversified payment rights (DPR) financing on international markets under its foreign borrowing program, with maturities of 1,907 and 2,547 days. The transaction, the bank’s first DPR financing since 2019, earmarks EUR 100 million to support the investment and growth needs of women and young entrepreneurs.

Nationally determined contributions (NDCs) are the commitments each country sets to reduce its greenhouse gas (GHG) emissions and adapt to climate change. The Paris Agreement establishes a transparency framework and a stocktake of progress every five years.

Garanti BBVA Kripto has reached 500,000 customers, supported by infrastructure built to banking standards, continuous improvements to the user experience, and solutions that simplify the investment process.