Following Glasgow’s 26th Climate Change Conference (COP26), BBVA’s Turkish unit and the Institute of International Finance (IIF) recently held a workshop to discuss the prospects of climate financing and sustainability efforts in developing nations.
Edufin Summit 2017
Edufin Summit 2017
BBVA is one of 28 banks around the world that has joined the global commitment to promote financial inclusion and the financial health of its customers. Under the umbrella of the United Nations Principles for Responsible Banking, the aim of this benchmark index is for a group of banks to join forces to accelerate a collective effort for these issues.
On Wednesday, BBVA’s CEO participated in a discussion on technology and confidence in the banking sector at the Global Banking Summit organized by Financial Times. Onur Genç explained that BBVA wants to be the bank its customers trust and help them to improve their financial health.
Garanti BBVA was named ‘Turkey's Best SME Bank’ by international publication Global Finance. The evaluation was based on data provided by banks in this business segment, with an in-depth analysis of available products and services, and inputs from industry professionals, managers, technology experts and independent research.
As part of the commitment shared by BBVA and El Celler de Can Roca, both organizations seek to inspire chefs throughout the world to work together to address the biodiversity challenge. As a result, organizations interested in joining this movement can form part of the ‘Seeds for the Future’ community, agreeing to abide by the following principles:
To carry out the project, BBVA and the Roca brothers ('Seeds for the future') relied on the work and experience of some of the world’s most important organizations specialized in biodiversity conservation.
Throughout the project, BBVA and the Roca brothers turned to local seed banks to retrieve extinct and forgotten crop varieties. In an effort to reclaim these foods, the Roca brothers designed a special menu to raise awareness.
Both organizations have signed a memorandum of understanding (MoU) to strengthen the mobilization of financial resources in Latin America and the Caribbean and to increase cooperation to boost economic recovery in the post-COVID era.
One day, during a talk, she conducted a simple experiment: she asked a group of scholars to close their eyes and point south-eastwards. There were fingers pointed in every posible direction. However, Lera Boroditsky knew that if she asked the same question to a girl from an Aboriginal community in Australia she would point her finger in the right direction.
Taking a leading role in the sector with its innovative solutions in digital banking, Garanti BBVA has implemented the Document Upload function for their corporate customers where they can add their financial data from Corporate Internet Banking.
Garanti BBVA and Hepsiburada, two representatives of the banking and e-commerce sector in Turkey, are collaborating to strengthen the power of Turkey's female entrepreneurs. An alliance that marks the first e-commerce platform that supports female entrepreneurship with projects such as Garanti BBVA and The Technology Power program for Entrepreneurial Women, which has been leading efforts to empower female entrepreneurs for 15 years.
At the 12th Financial Meeting organized today by Expansión and KPMG, BBVA’s CEO said that over the past year the bank has made a series of relevant strategic decisions, such as the sale of its U.S. subsidiary, the largest share buyback in Europe and the takeover bid for a 50.15 percent stake in Turkey’s Garanti BBVA. They all show that “we are very committed to shareholders’ profitability,” he added. Onur Genç also underlined the 2024 objectives that BBVA presented at its Investor Day: “Our goals are very ambitious and we are committed to achieving them.”
BBVA’s Center for Financial Education and Capability has announced the five financial education research projects that will receive funding through its grant program, BBVA EduFin Research Grants. A total of €50,000 will be distributed among the winning projects, whose research will take place in Spain, Mexico, Colombia and Argentina.
On November 24th, BBVA Chairman Carlos Torres Vila took part in the first session of the UNEP FI Leadership Council, the United Nations Environment Programme - Financial Initiative’s (UNEP FI) new body. BBVA is the only Spanish bank on this council, which is comprised of chairpersons or CEOs of financial institutions around the world. UN Secretary General António Guterres also addressed the council.
As of January 2021, 12 percent¹ of BBVA’s new financing is connected to sustainability, according to the figures released on Investor Day, which was held last week. At this event, BBVA’s Global Head of Sustainability, Javier Rodríguez Soler, also announced that BBVA expects to channel over €35 billion in sustainable financing in 2021. This represents more than 70 percent growth from 2020. “Decarbonization, in particular, and sustainability, in general, represent the greatest transformation in the history of humankind,” Rodríguez Soler stressed. This phenomenon represents an “huge business opportunity” for BBVA and its shareholders.
Thirty-six banks from 20 countries participated in Garanti BBVA's new syndicated loan.
As part of its commitment to Turkey’s green transformation, Garanti BBVA Leasing and the European Bank for Reconstruction and Development (EBRD) are offering $25 million in loans to eligible companies looking to invest in sustainability.
The Meridiam infrastructure fund has enlisted the services of BBVA to finance the first project finance for electric vehicles in the world. BBVA has acted as Mandated Lead Arranger in this operation, involving the participation of seven banks and a total amount of 138 million euros.
The reform of the benchmark interest rates known as InterBank Offered Rates (IBOR) is one of the most significant financial reforms at present. It was driven by both international organizations (IOSCO and FSB) and regulators (Benchmarks Regulation 2016/1011), with the goal of making the market more transparent and robust. This has led to the incorporation of substantial changes in the interest rates used as benchmarks in the operations of financial and non-financial institutions.
Founded by Garanti BBVA in 2011 to support the production of knowledge, culture, and arts, SALT's 10th year anniversary activities continue with Ardışık (The Sequential) video screenings to be held at Madrid’s Museo Reina Sofía on 19-20 November. The two-day program, which will start with the participation of artists Fatma Belkıs and Onur Gökmen and the presentation of SALT Research and Programs Director Meriç Öner, will feature the works of six artists from Turkey.
The BBVA Investor Day allowed investors to learn firsthand the details and objectives of the bank’s strategy in Turkey. Garanti BBVA CEO Recep Bastug provided information on the country's economic outlook and potential, including Garanti BBVA's performance, competitive advantages and strategies.
During his talk at Investor Day on Thursday, BBVA's Country Manager in Spain, Peio Belausteguigoitia, said that the priority in Spain is profitable growth, which will be based on increasing its customer base. In this regard, he announced that the bank aims to double the annual rate of customer acquisition and expects to attract 3.6 million new customers in the next three years.
BBVA is holding its Investor Day this Thursday, when it will present its plan for the 2021-2024 period. It will focus on turning significant social and environmental challenges - like the technological disruption or decarbonization of the economy - into opportunities for profitable growth while having a positive impact on society. BBVA has released an ambitious set of objectives in terms of efficiency, profitability and tangible book value plus dividends, which it aims to reach in 2024. It also set a customer acquisition objective and reaffirmed its commitment to channel €200 billion of sustainable finance through 2025. Additionally, BBVA has increased its payout to 40-50 percent of its annual consolidated ordinary profit.
In its annual report, Intrama includes the success stories of more than 30 Spanish companies with the best practices in Diversity and Inclusion, of which BBVA is one. The global human resources consulting firm highlights the financial institution's strategic alignment of diversity policies, the communication of its projects and the training provided to its staff in this area.
“Despite there being multiple initiatives, frameworks, standards and guidance tools, it is urgent to build a global system to measure the real impacts of businesses on society and the environment,” said BBVA Global Head of Responsible Business Antoni Ballabriga, speaking at an event organized by UNEP FI (UN Environment Program – Finance Initiative).
Greenspark’s technological solutions allow large companies and SMEs to offset their environmental impact by integrating into their websites services to plant trees for each order received, or clean up ocean plastic for each new subscriber to their newsletter. BBVA Anthemis Venture Partnership leads the first round of financing for this British startup.
A team of university students from Mexico developed an app in just three days to meet customers' needs in terms of finances, entertainment, shopping and transport. Thanks to their business acumen and the use of artificial intelligence and QR code payments, they were able to win the 2021 BBVA Hackathon, which brought together 752 participants from different countries virtually.
For the second consecutive year, BBVA has obtained the best score in the European banking category and a second place at global level in the latest Dow Jones Sustainability Index, released on Friday, November 12, 2021. This is the benchmark index for sustainability worldwide, which has singled out BBVA, among more than 200 financial institutions, for its ESG ('Environmental, Social and Governance') performance. 24 banks have been included in the index.
BBVA has advised Holcim, global leader of building solutions based in Switzerland, on the structuring and syndication of its main bank financing, as well as on how to link the financing to environmental, health and safety indicators. BBVA acted as global coordinator and sustainability coordinator in this new syndicated revolving credit facility, the first sustainable transaction that the bank has closed in Switzerland.
BBVA Chairman Carlos Torres Vila, met this Thursday at the bank's headquarters in Madrid with the President of the Inter-American Development Bank (IDB), Mauricio Claver-Carone. This meeting is part of a series of working meetings that representatives of BBVA and the BBVA Microfinance Foundation will hold with members of the IDB. Sustainability was one of the issues on the agenda, in particular, support for the decarbonization of emerging countries, and especially in Latin America, as well as financial inclusion and the promotion of foreign investment in the region.
BBVA’s Turkish franchise is a leader in sustainable finance in its sector and plays an important role in the country’s development. In response to an invitation from the Ministry of the Environment, Urbanization and Climate Change, Garanti BBVA Vice President Ebru Dildar Edin analyzed the current status of sustainability in the world and the importance of the financial sector to support the transition toward a more sustainable economy.
Alison Gopnik is an American Professor of Psychology and Affiliate Professor of Philosophy at the University of California, Berkeley.
The BBVA Microfinance Foundation (FMBBVA) organized ‘Connected for digital opportunities’ - an event which H.M. The Queen presided over. BBVA Chairman Carlos Torres Vila, Bank of Spain Deputy Governor Margarita Delgado and the Director General of the BBVA Microfinance Foundation, Javier M. Flores, all participated in the event. The debate focused on boosting economic recovery from a more innovative and inclusive perspective through technology.
“At BBVA, there are more than 100,000 people working in over 25 countries, with a wide range of different cultures, experiences, beliefs, languages, etc. This diversity is a fundamental part of the recipe to our success, and it will make us stronger to face the challenges and opportunities that lie before us,” said BBVA Chairman Carlos Torres Vila at the main event of the bank’s Diversity Days, a series of internal events being held for the second year in a row to share important advances in terms of diversity and inclusion, and to create a space for learning for all of the Group’s employees.
This week, the BBVA Chairman participated in the COP26 in Glasgow, where he called for concrete commitments and credible actions from everyone, public and private sector, to move toward the decarbonization of the planet. Carlos Torres Vila pointed out the need to “increase investment” in new non-polluting technologies to fight climate change. For this to happen, private capital, and specifically banks, “play a critical role” in helping and engaging with clients in their transition towards a more sustainable future with finance and advice.