Garanti BBVA won the "Best Contact Center with More than 1,000 Employees" award in Europe, the Middle East, and Asia at the Global Top Ranking Performance Awards. The accolades, organized by Contact Center World, a leading authority in the contact center industry, drew over 2,000 entries from 80 countries. This year marked the 19th edition of the event.

The British publication also recognized BBVA as the best bank in Mexico—one of the Group's main markets— the best bank in Colombia, and the best bank for corporate clients in Spain.

Tomorrow, Friday, July 5th at 10:00 AM Central European Summer Time (CEST), BBVA will hold the 2024 Extraordinary Shareholders’ Meeting at the Euskalduna Conference Center in Bilbao. The bank has proposed to its shareholders the capital increase needed to carry out the share exchange with Banco Sabadell. This capital increase will entail the issuance of new BBVA shares, which will be given to the Banco Sabadell shareholders who accept the offer. No payments will be made by BBVA shareholders.

The President of the BBVA Foundation, Carlos Torres Vila, championed the power of knowledge during the ceremony for the 16th BBVA Foundation Frontiers of Knowledge Awards. Knowledge is the key to solving the problems we are experiencing as a society, at a moment when humanity is going through an unprecedented wave of disruption and faces the challenges of climate change, he said.

The Spanish Prime Minister, Pedro Sánchez; the President of Türkiye, Recep Tayyip Erdoğan; and Carlos Torres Vila, Chair of BBVA and Co-Chairman of the Spanish-Turkish Business Council, opened the Spain -Türkiye Business Meeting, which was held on Thursday at Ciudad BBVA in Madrid.

BBVA’s Board of Directors is presenting an offer to Banco Sabadell shareholders so they can benefit from an exceptionally favorable proposal. The deal offers one BBVA share for every 4.83 of Sabadell, representing a 30 percent premium over the closing price of both banks on April 29th, and a 50 percent premium over the weighted average prices of the past three months. The transaction has very positive financial impacts thanks to relevant synergies and the complementarity and excellence of both banks. The operation will create one of the best banks in Europe, with a loan market share close to 22 percent in Spain. Furthermore, BBVA will maintain its current shareholders distribution policy and its commitment to distribute any excess capital above 12 percent.

Luisa Gómez Bravo will be the new CFO of the BBVA Group. She currently is the Global Head of Corporate & Investment Banking (CIB), the group’s wholesale banking unit. Gómez Bravo will replace Rafael Salinas Martínez de Lecea, who is stepping down from his executive duties after a successful career with the bank spanning over three decades. He will continue to be involved with the Group as a board member of Garanti BBVA. Furthermore, the current Head of Sustainability, Javier Rodríguez Soler, takes on the additional role of Head of CIB.

BBVA has channeled 150 billion euros in sustainable business from 2018 to March 2023, half of the €300 billion target set for the 2018-2025 period. Nearly 14 billion euros was mobilized in the year's first quarter, an increase of almost 20 percent compared to the same period in 2022. “Quarter after quarter we are making good progress towards achieving our sustainable business goal for 2025,” said Javier Rodríguez Soler, BBVA’s Global Head of Sustainability, commenting on these results.

BBVA posted a net attributable profit of €1.65 billion in the first quarter of 2022 (+36.4 percent yoy at current exchange rates, +41 percent in constant euros), on the back of revenue growth, bolstered by solid activity (+10.6 percent), and improved risk indicators. Between January and March 2022, the Group reported its highest operating income and the highest recurring profit ever. Furthermore, it saw extraordinary progress in the execution of its strategy, with a record quarter in customer acquisition and sustainable financing. The efficiency ratio improved significantly, reaching 40.7 percent, and in terms of profitability, ROTE and ROE improved to 15.9 percent and 15.1 percent, respectively. BBVA maintains a solid capital position, with a fully-loaded CET1 ratio of 12.70 percent.

BBVA’s Board of Directors has agreed to launch a voluntary takeover bid for the 50.15 percent stake it does not own in Garanti BBVA, with a price of 12.20 Turkish lira per share. The bid will be carried out after BBVA receives all the necessary regulatory approvals. The transaction is positive for BBVA shareholders since it will propel the Group’s growth in one of its main markets, generating a high return on the investment, with a very limited impact on capital. The price offered represents a premium of 34 percent over the volume weighted average price of the past six months, which makes it very attractive for Garanti BBVA shareholders as well.

The BBVA Group closed today the sale of its U.S. subsidiary to The PNC Financial Services Group, Inc., announced in November 2020. BBVA will continue operating in the U.S. through its broker-dealer BBVA Securities and the New York branch – from which it will provide wholesale banking services –, as well as the fintech investment fund Propel Venture Partners.

BBVA USA today announced the opening of 11 new branches across five Texas markets, marking a major milestone in an endeavor first announced in June 2020.

The branches, opened in early May, feature updated branch models aligned with the bank’s vision of integrating both a digital and face-to-face branch banking experience for customers. The bank’s new set of branches can be found in the Houston, Austin, San Antonio, Fort Worth and Dallas markets.

Carlos Torres Vila, Group Chairman

• Sustainability: Banks have a key role in “analyzing investment opportunities and managing the risks associated” to climate change
• Sale of the U.S. subsidiary: “We have an extraordinary position of strength, which gives us tremendous strategic optionality to continue creating value for shareholders”
• Dividend: “We propose to the AGM the approval of the agreements required to implement a share buyback plan of up to 10 percent of the Group’s shares once the sale of our U.S. subsidiary is closed”

Onur Genç, Chief executive officer

• Digitization: “Our focus on creating end-to-end digital solutions and processes has been key to reaching new clients, which is one of our strategic priorities”
• Capital: Following the sale of the U.S. subsidiary, BBVA will be “one of Europe’s best capitalized banks, with the largest margin between our capital position and the minimum requirement”
• Team: “We continue fostering inclusion and diversity, because we are convinced that it makes us better, as a company and as a society”

The Bank Insurance & Securities Association (BISA) has reaffirmed its 2021 Board of Directors, and Veronica Rink will serve her second year of her three-year term, the association announced. In addition, Rink will continue to serve on the organization's Membership Committee as well as other initiatives and task forces.

BBVA has agreed to sell to PNC its subsidiary in the U.S. for $11.6 billion (€9.7 billion¹) in cash, an amount that represents 19.7 times the unit’s 2019 earnings², and that is almost 50% of BBVA’s current market capitalization, creating significant value for shareholders. The transaction will have a positive impact on BBVA’s fully loaded CET1 ratio of c.300 basis points, or €8.5 billion of CET1 generation.

BBVA USA, the U.S. subsidiary of Madrid-based BBVA, today announced it is offering a digital Home Equity Line of Credit (HELOC) through its website, powered by Prosper, a leading online marketplace for consumer loans. Prosper’s digital HELOC platform, which was developed to simplify the process of applying for and obtaining a HELOC, is now available to BBVA USA customers in select states via the BBVA-branded version of the platform.

BBVA USA and organizers of The World Games 2022 Birmingham today announced that BBVA will serve as the presenting sponsor of the event’s official volunteer program, adding a hometown supporter with a global presence to the upcoming international sports competition.

BBVA USA has launched a new ad campaign designed to highlight the bank’s efforts in helping people and businesses take the first steps in their recovery from the pandemic and reach financial milestones in the future.

BBVA USA is offering special assistance to consumer and small business  customers impacted by the ongoing COVID-19 pandemic, including penalty-free withdrawals from applicable CDs, ATM fee refunds, and payment deferrals, extensions and waivers on existing loans and lines of credit, among other offers.

Carlos Torres Vila, Group executive chairman

• Excellent figures: “In 2019 BBVA posted its highest net attributable profit of the past decade without one-offs”
• New strategic priorities: We want “to improve our clients’ financial health and help them transition toward a sustainable future”
• Dividend: BBVA is proposing at the AGM a complementary gross cash dividend of €0.16 per share. The total dividend for the year stands at €0.26 per share, which reflects a 36 percent of attributable profit, excluding the impact of the goodwill adjustment in the U.S.

Onur Genç, Chief executive officer

• Business model: “Once again, we have demonstrated the strength of our diversified model”
• Profitability: “We are number one in terms of profitability,” among 15 largest European banks

After naming a new CEO to take over its Houston market to start the year, BBVA USA has now announced that it has appointed Dee Hunt as its new Houston Global Wealth Executive.

BBVA USA has appointed Jorge Unda as Chief Investment Officer of its asset management units. In his new role, Unda will be responsible for overseeing the asset management functions of both the bank’s Asset Management & Trust division and those of BBVA Wealth Solutions, Inc., a registered investment adviser affiliate of the bank.

Ryan Companies, Page and BBVA USA announced today their plans to build a 60 floor multi-use project in the Central Business District (CBD) of Austin, Texas.  The project, located at 311 and 321 West 6th Street, will have 60 floors inclusive of office, residential and parking.

BBVA USA, in its continued commitment to creating opportunities for the area’s business landscape, announced today that it has added five veteran bankers to its Houston Commercial Emerging Companies team.

BBVA USA has promoted Dillan Knudson to the position of Houston CEO, where he will oversee Commercial banking and Global Wealth operations for the bank’s biggest U.S. market.

BBVA USA announced today that it has promoted Kevin Fretz to the position of BBVA USA Director of Franchise Finance.