BBVA Mexico cemented its leadership in international markets yesterday with the successful placement of $1 billion in senior unsecured notes with a five-year maturity and a fixed rate of 5.4%.

The AI Transformation area, which sits at the top level of the organization and will be led by Antonio Bravo combines the current Data area with critical technological capabilities to industrialize the creation, deployment and management of artificial intelligence (AI) agents across the organization. This evolution will accelerate the bank’s transformation and enable smarter, more proactive and highly personalized financial services for its customers.

Fitch Ratings has upgraded BBVA’s long-term issuer default rating by one notch from A- to A. This upgrade is due to a methodological change under which the agency now uses senior preferred debt, instead of senior non-preferred debt, as the reference for this rating.

BBVA supported Bladex in its latest local market debt issuance. Since 2012, the bank has placed more than MXN 49 billion across 17 long-term issuances in Mexico, thereby consolidating its position as a recognised and repeat issuer in the market.

BBVA has completed the second tranche of the €3.96 billion framework program announced in December 2025 – the largest in its history – after reaching the maximum planned amount of €1.0 billion.

BBVA’s Blue assistant, its new app known as Futura, and seven other AI-driven solutions from the Group have been recognized among the most innovative initiatives at The Innovators 2026 awards run by Global Finance. The publication also singled out Garanti BBVA Partners and AI Factory as leading financial innovation labs.

The Basel Committee has designed two liquidity ratios to ensure that financial institutions have sufficient liquidity to meet their short-term and long-term obligations: LCR and NSFR. These two requirements are intended to reduce risks in case of episodes of financial turbulence.

BBVA is  to pay a final dividend this Friday, April 10, of €0.60 gross per share in cash. In addition to a gross payment of €0.32 per share last November, BBVA will distribute a record of €5.2 billion in ordinary dividends corresponding to the 2025 earnings, equivalent to 50 percent of the profit for the year.

BBVA has executed the largest synthetic securitisation transaction in its history, referencing a €4.5 billion corporate loan portfolio. The transaction allows the bank to release close to 80% of the initial regulatory capital associated with the portfolio, increasing its capacity to continue financing corporate clients.

BBVA held its Annual General Meeting (AGM) this Friday in Bilbao, where Chair Carlos Torres Vila underscored that the bank is “better prepared for the future than ever,” despite an uncertain and changing environment, marked by trade and geopolitical tensions. “At BBVA, we are facing this context with confidence to continue growing, supported by our geographical diversification, our unique combination of growth and profitability and a strategy clearly focused on innovation,” he added. Furthermore, he underlined that BBVA has leading franchises in its core markets, disciplined execution and the best team. “Looking to 2026 we expect to outperform our competitors while increasing profitability to levels of around 20 percent. We were pioneers in the digital transformation, with tremendous success, and once again, we are going to lead banking in the age of artificial intelligence,” the BBVA Chair said.

On Friday, March 20 at 12:00 PM (CET), BBVA will hold its 2026 Annual General Meeting (AGM) at the Euskalduna Conference Center in Bilbao, Spain. BBVA is making it easier for its shareholders to participate in the AGM by offering a hybrid model, combining in-person attendance with the option to vote on agenda items remotely. To participate remotely, shareholders need to register in advance on the Remote Attendance Portal. Furthermore, the bank’s corporate website will broadcast the event via webcast.

BBVA has appointed David Conde as Country Manager of BBVA Switzerland. Conde joined the bank 30 years ago and until now was Director of the Retail and High-Value Client Segments at BBVA Spain. This appointment is subject to the corresponding regulatory approvals.

2025 has been an outstanding year for BBVA. The Group delivered a record net attributable profit of €10.511 billion and made significant progress in the execution of its strategy, with the customer at the core. In 2025, BBVA also demonstrated its unique ability to combine growth and profitability in European banking.

BBVA successfully executed the first €1.5 billion tranche of the framework program of up to €3.96 billion, announced in December 2025¹. Together with the over €5.2 billion in dividends² the bank expects to distribute against 2025 earnings, this extraordinary buyback represents over €9.2 billion in shareholder returns announced since the end of 2025.

BBVA México acted as sole bookrunner in Traxión’s recent and successful issuance of Mexican domestic bonds for a total amount of MXN 2.0 billion, marking an important milestone for the company specialized in the autotransportation, mobility and logistics segments in Mexico.

The BBVA Foundation has awarded the Frontiers of Knowledge Award in Economics, Finance and Management to Charles Manski for his pioneering contributions to the measurement of uncertainty in economic research and its application to public policy analysis. His work has influenced the fields of education, health, labor markets, industrial policy, and social programs.

BBVA Mexico acted as Bookrunner in Grupo Bimbo, S.A.B. de C.V.’s recent long-term issuance of Certificados Bursátiles (local bonds) for a total amount of 12 billion pesos. The proceeds will be primarily allocated to debt repayment, as well as to general corporate purposes and operating expenses.

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BBVA México, acting as Joint Bookrunner, supported El Puerto de Liverpool, S.A.B. de C.V.,  one of Mexico’s leading retail companies, in the successful issuance of notes for a total amount of US$500 million. The transaction will bear interest at a rate of 5.750% and will mature in 2038, strengthening the company’s financial position.

BBVA’s Board of Directors is to propose to the Annual General Meeting the appointment of Jordi Montalbo Todolí as an independent board member. His academic background and professional credentials bring extensive knowledge of the financial sector, together with solid expertise in risk management and auditing.

In an interview on BBVA’s corporate website, the bank’s Chair, Carlos Torres Vila, took stock of 2025, which he described as “a magnificent year, with BBVA in its best moment,” and shared his outlook for 2026. The bank foresees continued growth in all countries and business areas, especially in sustainability and corporate banking, driven by a strategic plan that puts customers clearly at the center. BBVA also reaffirms its ambition to lead banking in the age of artificial intelligence. In this context, the Chair underlined that between 2025 and 2028, BBVA expects to “generate €49 billion in top-quality capital,” which will be used to finance organic growth and shareholder remuneration.

BBVA is to launch on December 22 an extraordinary share buyback program for a maximum amount of €3.96 billion, after obtaining all required authorizations. This is the largest buyback ever carried out by the Group. The program is part of the €36 billion that BBVA expects to make available for distribution to shareholders between 2025 and 2028¹, through both ordinary remuneration and additional distributions, such as this program.

BBVA has successfully completed its €993 million share buyback program, launched on October 31, as part of its ordinary shareholder remuneration for the 2024 financial year. The deal is part of the bank’s strategic plan, which plans to have €36 billion to be returned to shareholders through dividends and share buybacks by 2028. Of this amount, some €13 billion will be distributed in the short term¹.

On Friday, November 7, BBVA shareholders will receive a gross interim cash dividend of €0.32 per share against 2025 earnings, 10 percent higher than the previous year. This is the highest interim dividend in BBVA’s history. In total, the bank will distribute €1.84 billion in cash to its shareholders.

BBVA placed €1 billion in a contingent convertible bond (known as CoCo or AT1) in euros this Monday, with demand reaching more than €5.250 billion. The issue price was set at 5.625 percent, significantly lower than the initial price guidance of 6.125 percent.

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.

Franco Cinquegrana is BBVA's new country manager in Uruguay, replacing Alberto Charro, who is leaving the BBVA Group after a successful career spanning more than 35 years. This change is subject to obtaining the relevant regulatory approvals.