Garanti BBVA recently announced its results for the first nine months of the year, reporting TL 84.47 billion in net income, TL 4.27 trillion in assets and TL 3.23 trillion in cash and non-cash loans. Customer deposits funded 69.1 percent of assets, with the deposit base reaching TL 2.91 trillion in the first nine months of 2025 – up 38.7 percent. The bank’s capital adequacy ratio stood at 16.3 percent,¹ return on average equity (ROAE) was 30.9 percent, and return on average assets (ROAA) was 3.1 percent.

This Friday, October 31, BBVA is starting the €993 million share buyback program announced earlier this year, which had been pending execution. This buyback is part of the bank’s ordinary shareholder distribution for the 2024 financial year and contributes to the €13 billion BBVA plans to return to shareholders in the short term (€36 billion between 2025 and 2028) in dividends and share buybacks¹.

The Fundación Universidad-Empresa (FUE) has honored the financial institution for its steadfast commitment to learning, training, and the professional development of interns in Spain.

BBVA has completed the global rollout of ADA (Analytics + Data + AI), the group's data platform, which is now operational across all geographies within BBVA's footprint, consolidating a unique, efficient, and wholly cloud-based technology model.

Garanti BBVA, Be Node and the Turkish Informatics Foundation recently collaborated on research to explore how young people use financial technology. The findings from the study show their strong connection to digital tools, as well as their need for greater support in financial literacy.

Enterprises are one of the six major priorities in BBVA’s 2025 - 2029 strategic cycle.  The bank supports all companies in every stage of their development, offering accessible solutions, tailored to their needs and reality, a global vision (presence in 25 countries) and expert advice. BBVA is much more than a financial provider: it is the strategic partner that boosts companies’ growth, combining knowledge, innovation and sustainability. From SMEs to large corporations and institutions, BBVA wants to be by their side, understand their challenges and help them overcome them with confidence.

For many companies, growth no longer simply means gaining market share at home, it means exploring new horizons. In this context, cross-border business has become a strategic decision to diversify risk and access new opportunities. BBVA Corporate & Investment Banking supports its clients' ambitions with a comprehensive offering that combines a global network, tailored financial solutions, and expert local insight.

BBVA announces that the takeover bid for Banco Sabadell will not proceed as the minimum acceptance level set by the bank has not been met. Looking ahead, BBVA’s Strategic Plan and its corresponding ambitious financial goals will consolidate the Group at the forefront of European banking in terms of both growth and profitability. As part of the Strategic Plan, BBVA is to immediately resume shareholder remuneration: On October 31, it will start executing the pending share buyback of around €1 billion; on November 7, it will pay the highest interim dividend ever (€0.32 per share) for a total of €1.8 billion; and, as soon as it receives the authorization from the European Central Bank (ECB), it will launch a significant additional¹ share buyback program.

BBVA’s Turkish unit has completed a new $700 million Basel III‑compliant Tier 2 issue, taking its subordinated bond sales over the past two years to $2.45 billion, the largest recent total among banks. Strong demand and competitive pricing underscored international investor confidence.

BBVA is the first financial institution to join Iberia’s Círculo SAF, a community dedicated to supporting the development of the sustainable aviation fuel (SAF) industry and promoting lower emissions into the atmosphere.

BBVA Chair Carlos Torres Vila took part in the closing ceremony of the BBVA Spark Summit 2025 in Barcelona, the leading event for startups, scaleups and investors. In a dialogue with BBVA Spark Global Head Santiago Muguruza, he stressed AI’s central role in customer service and outlined a series of strategic AI projects designed to deliver excellence in customer‑relationship processes, customization and efficiency.

The Spanish Chamber of Commerce, under the leadership of President José Luis Bonet and Director General Inmaculada Riera, organized a meeting last Friday with Teresa Ribera, the Executive Vice President of the European Commission for a Clean, Just and Competitive Transition.  In his role as President of the European Affairs Commission of the Spanish Chamber of Commerce, John Rutherford, Global Head of Public Affairs at BBVA, was tasked with moderating the meeting and guiding the discussions. The event fostered an enriching dialogue between the senior representative of the European Commission and the business community around European challenges in sustainability and competitiveness in a changing and uncertain geopolitical context.

Antoni Ballabriga, Global Head of Sustainability Intelligence at BBVA, shares the key takeaways from New York Climate Week 2025, within the broader framework of the UN General Assembly. Climate Week NYC is widely regarded as a flagship event in championing sustainability alongside the COP conferences.

“Since the global financial crisis, Spanish non-financial corporates and households have cut their leverage by more than the European average,” said BBVA’s Global Head of Commercial & Institutional Client Solutions, Jaime Sáenz de Tejada. In his opinion, this has given the banking sector in Spain “robust growth margins and a highly resilient model.” At an event organized by AEB and CECA in Frankfurt on Tuesday, Sáenz de Tejada pointed to “diversification as one of the keys to the success of Spanish banking.”

BBVA CEO Onur Genç said on Tuesday that the acceptance period for the takeover bid for Banco Sabadell is progressing well ahead of expectations. Genç participated in the 16th Financial Meeting organized by KPMG and business daily Expansión in Madrid, where he emphasized the positive response from shareholders, both institutional and retail, who are backing the transaction. He reiterated his belief that BBVA will comfortably exceed the 50 percent acceptance threshold thanks to the financial appeal and strategic rationale of the offer. He also stressed that “waiting for a hypothetical second bid makes no sense, as it would be highly unlikely and would offer no advantages in terms of price, timing or taxation. Shareholders who do not tender their shares will be left out and will not benefit from the price being offered,” he said.

Garanti BBVA Pensions was honored with the silver award in the Digital Transformation category of the Smart-i Awards for its innovative approach to digitizing insurance sales on Garanti BBVA Mobile.

Following the recent upgrade of BBVA’s rating by S&P, another leading ratings agency, Moody’s, has raised BBVA’s rating from A3 to A2, one notch above that of Spain, with a stable outlook. The main reason behind this upgrade is the favorable performance of BBVA’s fundamentals.

From January to August 2025, BBVA reached €3.1 billion in agrifood business, a 69 percent increase over the same period in 2024. Of this amount, €2.09 billion corresponded to sustainable business, with 82 percent YoY growth. BBVA announced these figures at Fruit Attraction, one of the world’s top fruit and vegetable trade fairs, held this week in Madrid.

BBVA’s Turkish franchise has shifted a branch-only product to digital channels, enabling quicker access for clients funding sustainability-focused investments.

With South America undergoing a transformation that demands decisive investments in infrastructure, energy, agriculture, technology and mining, BBVA Corporate & Investment Banking (CIB) is committed to being the strategic partner of corporations and institutions. Its offering combines innovative and sustainable financial solutions with close, hands‑on support. This is underscored by Verónica Incera, Head of CIB for South America and Argentina, who highlights the bank’s commitment to supporting its clients’ internationalisation with high‑value advice and a clear focus on their specific needs.

BBVA, in a further show of its commitment to offering innovative payment solutions, has launched a new virtual card product in Mexico alongside Mastercard (NYSE: MA) and Sabre Direct Pay, Sabre Corporation’s (NASDAQ: SABR) virtual payment solution. This innovative offering in Mexico enables travel agencies to issue secure virtual card numbers (VCNs) for each payment. This improves control, integrates with backend reconciliation tools, and significantly reduces manual work and errors.

BBVA announced the renewal of its technology services agreement with Kyndryl, the leading provider of enterprise technology services, and the creation of two joint ventures in Spain and Mexico. Thanks to this agreement, the bank will improve user experience, invest in talent and guarantee the stability, security, resilience and robustness of its IT operations.

BBVA, as a founding member (and only bank), has joined the Coalition for Sustainable Procurement, a global alliance led by the United Nations Global Compact that seeks to mainstream sustainability into procurement processes and supply chains internationally.

BBVA Chair Carlos Torres Vila assured in an interview with Spanish news agency EFE that the offer for Banco Sabadell is an “exceptional opportunity that shareholders should not miss.” In his remarks, he reaffirmed his confidence in the success of the transaction and recalled that the term to tender the shares ends on October 10. “We are going to surpass 50 percent. We are absolutely certain of it because it’s an exceptional offer. It was from the start, and with the improved offer, even more so,” he said. Regarding a possible second takeover bid, he affirmed: “There’s no reason to wait because that hypothetical, uncertain second takeover bid offers no appeal compared to the offer that is already on the table—not in terms of price, not in terms of timing, and not in terms of tax treatment.” Furthermore, “BBVA would never proceed with that second bid unless the price remained the same.”

The Global Head of Sustainability and Corporate and Investment Banking at BBVA, Javier Rodríguez Soler, underscored the enormous demand for electricity and energy expected in the U.S. in the coming years, and the need to have the greatest possible variety and quantity of energy sources. “In this sense, we see a growing potential to invest in clean energy in the U.S.,” he said at the ‘Latin America, the U.S. and Spain in the Global Economy Forum’ as part of New York Climate Week activities.

The Spanish National Securities Markets Commission (CNMV) has authorized the new BBVA offer to Banco Sabadell shareholders, which involves a 10 percent increase and an improved tax treatment. The take-up period is set to resume today, Sept. 25. Banco Sabadell shareholders can now tender their shares and join the integration project with BBVA. They can do so until Oct. 10, 2025, inclusive.