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Carlos Soria

Carlos Soria

The BBVA Foundation awarded the Frontiers of Knowledge Award in Biomedicine in this fifteenth edition to David Baker, Demis Hassabis and John Jumper “for their contributions to the use of artificial intelligence for the accurate prediction of the three-dimensional structure of proteins.” In the words of the committee, the winners achieved an advance with huge biomedical potential for the development of new treatments against multiple conditions.

The impact of the war in Ukraine on global inflation and growth has been the recurring theme of this latest edition of the Davos Forum 2023, organized by the World Economic Forum (WEF). From January 16-20, and under the heading, ‘Cooperation in a fragmented world’, political, business and intellectual leaders debated the critical turning point at which the world finds itself, following the double impact of the COVID-19 pandemic and the war in Ukraine. Despite the prevailing economic uncertainty, attendees showed some signs of optimism for 2023, as the latest data, especially on prices, are better than expected.

After a 2022 shaped by the developments in the Basel III framework, post-COVID regulation or the first European banking climate stress tests, 2023 is looking set to be a key year in terms of digital regulation. Thus, the regulatory framework for cryptoassets and the digital euro will be two of the major issues on the agenda in the coming months. There are also expectations that the Basel III regulation will be finalized, that progress will continue to be made in sustainability and that proposals will be presented in Europe to improve the crisis management framework.

Many would agree that the sustainable finance regulatory agenda has been increasingly growing in both intensity and complexity over the last few years. We hope that 2023 will be the year in which this regulatory framework is consolidated, all the pieces fit together, and the inconsistencies found are corrected.

Paleoclimatologists James Zachos (University of California at Santa Cruz, USA) and Ellen Thomas (Yale University and Wesleyan University, USA) identified an anomalous episode  in the planet’s history in which massive emissions of CO2 into the atmosphere occurred, causing a global temperature rise of between 5 and 6 ºC and a massive extinction of species in the deep ocean, which has provided “a very valuable analogy of anthropogenic climate change”, according to the jury of the BBVA Foundation Frontiers of Knowledge Award in Climate Change.

BBVA launched a 4.5-year covered bond today, which raised proceeds of €1.5 billion. The initial offered pricing (mid-swap rate plus 32 basis points) was lowered to the mid-swap rate plus 27 basis points thanks to strong demand of €3 billion. The issue will be listed on the Madrid market under Spanish law. This is the bank’s first issuance of this kind of debt since November 2016.

BBVA has reached an agreement with BAC Credomatic that will benefit clients of both banks, thanks to wider geographical coverage for their cash management operations. Companies using BBVA Pivot will be able to make payments and transfers with their subsidiaries, customers and suppliers in six new Central American countries from the same cash management solution, which will now integrate BAC accounts as if they were BBVA's. Just one year after its launch, Pivot already has 1,500 clients and expects to reach a transaction volume of 680 billion euros by the end of 2022.

The growing demand for digital financial services around the world has brought with it an increase in exposure to digital crime and fraud. With 47.8 million digital customers worldwide, BBVA has put its customers' protection and trust as a fundamental pillar of its strategy to combat this situation. In 3 years, the bank has managed to prevent up to 75% of fraud, strengthening customer protection.

PageGroup cierra una línea de crédito ‘revolving’ sostenible de 80 millones de libras mediante un ‘club deal’ liderado por BBVA

The world's leading recruiter PageGroup. which operates globally as Michael Page, Page Personnel, Page Executive and Page Outsourcing, has signed an £80 million sustainability Club Deal facility led by BBVA. The new financing will support PageGroup in pursuing a twofold objective: to fight climate change and contribute to gender equality. BBVA has been mandated as sole sustainability coordinator in this transaction, in which HSBC also participated, with each entity providing £40 million in sustainable financing.

In times of uncertainty, innovation has the potential to change the stakes in favour of humanity. From more sustainable solutions in nutrition or energy to revolutionary applications of neuroengineering, the technological trends that will shape 2023 are set to provide answers to major global challenges. With the help of futurists and experts, BBVA Spark, BBVA's unit focused on helping high-growth companies, selects five technologies that will have a decisive impact in the coming months.

“It's the determined action in the countries where this foundation is present, and above all, the real transformation in so many peoples' lives, that urge us to hope and strengthens us,” Her Majesty said during the ceremony held to celebrate the 15th anniversary of the BBVA Microfinance Foundation (BBVAMF). BBVA Chair Carlos Torres Vila said, "in recent years the Microfinance Foundation has made a commendable effort to bring digitalization and connectivity to microentrepreneurs and their communities, as a driver of development and a gateway to opportunities." The event also served as the occasion to premiere the documentary 'After the Rain,' a tribute to the courage and resilience of the more than six million vulnerable people that the Foundation has supported over these past fifteen years.

Garanti BBVA repite en el ránking CDP de transparencia en materia de cambio climático

Garanti BBVA was once again included in CDP’s global ‘A list’ for its climate change program thanks to the bank’s sustainability efforts, especially in climate change and inclusive growth. CDP’s climate change program is considered one of the world’s most important reporting platforms. Garanti BBVA has been reporting to the organization’s climate change program, and the public, since 2009, and to the CDP water program since 2015. The bank continues to be the main support of CDP in Türkiye.

For the eighth consecutive year, BBVA's Turkish unit is the only company from Türkiye to be included in the Dow Jones Sustainability Index (DJSI). The bank has made it into the DJSI Emerging Markets category every year since 2015, and this year repeated its success with a record score of 82 points, the sixth-highest among global financial institutions.

BBVA, mejor banco global del año, según The Banker

The British publication, which is part of the Financial Times group, selected the BBVA Group as the Global Bank of the Year. The Banker also recognized BBVA as the Best Bank in Western Europe, Spain, Peru and Colombia. The magazine pointed to the Group’s strong financial fundamentals and innovation and sustainability strategies, which put it ahead of its peers.

Turquía: Garanti BBVA pone en marcha un programa de formación para empresas exportadoras sobre futuro sostenible

Garanti BBVA, the BBVA Group’s Turkish franchise,  integrates climate change and inclusive growth within its core strategies. In line with that commitment, Garanti BBVA has launched a program of events called 'Sustainable Future in Exports' to support Türkiye’s adaptation to the European Green Deal and pave the way to sustainable investment. At the first event, held on November 23, 2022 at Fişekhane Istanbul, the bank explained the European Green Deal and the Carbon Border Adjustment Mechanism (CBAM) to the sectors and institutions–especially SMEs–that will be affected by the new rules governing exports to the EU.

BBVA has explored the potential of blockchain technology as a major catalyst to create value in finance 2.0 for the past six years and is confident of its ability to build a more advanced society in economic and social terms. Alfonso Gómez, CEO of BBVA Switzerland,  spoke recently at the Fifth Blockchain and Digital Asset Forum hosted by online publication El Confidencial and sponsored by Grant Thornton, Allfunds, Criptan and Metrovacesa. Alfonso explained the key points of digital assets, discussed the role and responsibilities of traditional banks in this new space, and pointed out the opportunities that are now emerging.

You can watch the event delayed here.

The Global Head of Sustainability at BBVA, Javier Rodríguez Soler, said that we are seeing a growing interest in carbon markets, which "will play a critical role in the energy transition." In an online panel organized by the Institute of International Finance (IIF) in the framework of the COP27 held in Sharm El-Sheikh, Javier Rodríguez Soler acknowledged that "there is increasing pressure to buy quality carbon credits."

Resultados BBVA - 2T2022

BBVA placed CHF 425 million of a senior preferred bond issue today. The labeled green bond is divided into two tranches with maturities of three and six years. The first tranche, maturing in 2025 and comprising CHF 215 million, bears interest at SARON mid-swap plus 108 basis points, while the second tranche, maturing in 2028 and comprising CHF 210 million, bears interest at SARON mid-swap plus 123 basis points.

As a result of its joining Net Zero Asset Managers in 2021, BBVA Asset Management has announced its initial targets for decarbonization of assets under management. This initial commitment affects equities and bonds in managed portfolios in Spain and Mexico. The scope of the commitment will be widened in coming years. BBVA AM has set intermediate commitments for the year 2030, which include a 50% reduction of carbon emissions of its equity and corporate fixed income assets.