Electrification is the process of replacing technologies and activities that directly use fossil fuels with electric alternatives. It is key to the energy transition because it can make us more energy-efficient and reduce emissions, particularly when electricity comes from renewable sources.

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.

BBVA has today placed CHF 390 million (€425 million) of a senior preferred green bond in the Swiss market, divided into two tranches: one maturing in four years (2030) and the other in seven years (2033). In the first tranche, the bank placed CHF 205 million (€223 million) at a price of SARON mid-swap + 78 basis points and a coupon of 1.305%. In the second tranche, it placed CHF 185 million (€202 million) at a price of SARON mid-swap + 93 basis points and a coupon of 1.5375%. UBS and Commerzbank acted as joint bookrunners.

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.

BBVA channeled €120 billion into sustainable business between January and September 2026 (up 27 percent over the same period last year). Spain accounted for approximately €38 billion of this amount. These figures include financing and other solutions that help its clients address the energy transition, improve the efficiency of resource use and tackle social challenges.

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 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.

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.

BBVA has hired over 10,500 Gen Z professionals worldwide since early 2025. In Spain, the bank is developing various initiatives to improve access to employment and professional development for young people. This strategy that has been recognized by Merco Talento, which names BBVA as the most appealing bank to college students in Spain.

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.

Zero waste is a movement that advocates a production and consumption model designed to prevent waste through reduction, reuse, repair, recycling and composting. The aim is to make the most of resources.

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 is supporting Vezirhan Çimento’s low-carbon transition investments with financing and sustainability advisory services. The sustainability-linked loan covers three investments targeting production efficiency, waste heat recovery, and alternative fuel use.

BBVA has surpassed one million customers in Italy as it marks five years since entering the country's retail banking market. This milestone confirms the strong reception of its 100% digital banking model, where the key goal is to become the primary bank for Italian customers, as BBVA Chair Carlos Torres Vila highlighted during his visit to celebrate the anniversary. BBVA is reaffirming its long-term commitment to the Italian market, where it also has a significant Corporate and Investment Banking (CIB) business, supporting Italian companies in their growth and international expansion plans.

In the photo: Walter Rizzi, Head of Digital Banking at BBVA Italy; Carlos Torres, Chair of BBVA; Alberto Maroni, Head of BBVA CIB Italy; and Murat Kalkan, Global Head of Digital Banks at BBVA, yesterday during the BBVA Chair’s visit to Italy.

BBVA has announced plans to work with NVIDIA to explore the potential of the OpenShell Reference Architecture, unveiled by NVIDIA at its GTC Berlin conference, to enable new approaches to AI agent safety, security and governance. The collaboration is part of the bank’s strategy to scale the use of AI agents across the organization while maintaining oversight and control.

Innovation and the ability to anticipate change are central to BBVA’s identity and have shaped its evolution over the years. This year, the bank dedicated its Values Day to exploring how employees can harness the opportunities offered by artificial intelligence (AI) to reinvent how they work, guided by BBVA’s corporate values. The event brought together employees from around the world to share perspectives and explore new ways to collaborate, make decisions, and deliver greater value to clients.

Garanti BBVA has been named ‘Best Consumer Digital Bank in Turkey at Global Finance’s World’s Best Digital Bank Awards. In 2025, Garanti BBVA delivered a digital banking experience powered by artificial intelligence, real-time data, and personalization technologies to its 17.9 million active mobile banking clients.

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.

Techstars Startup Weekend Urla, held October 9–11 at the Bilişim Vadisi İzmir Campus under Garanti BBVA’s main partnership with Techstars Istanbul, brought together 74 entrepreneurs over three days. Nineteen teams reached the final pitches, with SPARK taking first place.

COP31 has two complementary agendas: the negotiating agenda, where countries debate and adopt decisions on climate policy, and the Action Agenda, which promotes voluntary initiatives by governments and other actors. The main differences lie in who participates and how the agreements are implemented.

The €150 million transaction is executed through a new blockchain-based platform developed by ioBuilders together with the two banks and represents a major technological step forward in the digitalisation of the syndicated loan market.

As artificial intelligence accelerates demand for digital infrastructure, financing data center developments is becoming increasingly complex. Beyond the scale of investment required, financial institutions must understand how power availability, construction schedules and customer commitments influence when capital is needed and how projects progress.

BBVA has become the first European bank to join the Personal Agent Protocol (Poppy) initiative to help develop a common protocol that enables secure interactions between artificial intelligence (AI) agents and businesses. Led by Sierra AI and Meta, the project brings together 35 design partners from the technology, financial services and e-commerce sectors to advance a model of digital services in which AI agents can carry out tasks on behalf of users, with their consent and under their control. BBVA places customers at the heart of its artificial intelligence strategy, with a particular focus on security, privacy and control over the use of this technology.

An electrocontinent is a continent where electricity plays a greater role than fossil fuels in sectors such as transportation, industry, and buildings. The European Union (EU) aims to move toward this model through its Electrification Action Plan, published in July 2026.

The bustle of trading floors has given way to data-driven precision. Today, trading desks operate as high-tech hubs where the ability to process information in milliseconds can make all the difference. At BBVA, artificial intelligence acts as a force multiplier for human expertise: teams rely on advanced models to analyze vast volumes of data, optimize pricing and streamline execution. Machines handle real-time calculations, allowing professionals to focus on where they add the most value: strategic judgment and control.

Javier Rodríguez Soler, BBVA’s Global Head of Sustainability and Corporate & Investment Banking (CIB), will co-chair the Climate Finance and Investments Working Group at the COP31 Business Forum. Convened alongside the Climate Summit taking place in Türkiye in November, the group will tackle barriers to mobilizing climate finance and develop recommendations for the COP31 Presidency.