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Cenyt Case

The Spanish judicial authorities are investigating the activities of Centro Exclusivo de Negocios y Transacciones, S.L. (“Cenyt”). This investigation includes the services provided by Cenyt to the bank (piece number 9 of the case known as ‘Tándem’, opened in December 2018). The investigation phase of this piece ended on January 29, 2024. BBVA’s priority has always been to fully cooperate with the judicial authorities in clarifying the facts, having made available all relevant documents obtained in the internal investigation ordered by the bank in 2019. To date, no formal accusation for any crime has been made against the bank. Furthermore, BBVA pleads that the entity bears no criminal responsibility for the facts under investigation. Until now, this case has not had an impact on the bank’s business, on its reputation or the stock performance. In the future, BBVA will continue to act with full determination and diligence under the direct leadership of the Board of Directors, whose members have no connection whatsoever with the case.
READ STATEMENTS
OCTOBER 31, 2023

“We welcome the decision by the courts to rule that the judicial investigation can not go beyond January 2024”

BBVA CEO Onur Genç said on Tuesday during the press conference on 3Q23 earnings, “We welcome the decision by the Spanish High Court to rule that the judicial investigation cannot go beyond January 24, 2024.”

MARCH 23, 2021

The information provided by the Police had already been made available by BBVA to the Judge and the Public Prosecutor’s Office

The report from the Spanish National Police’s Unit of Internal Affairs (UAI, in Spanish) does not provide information that had not already been made available by BBVA to the Judge and the Public Prosecutor’s Office. This, therefore, confirms the rigour and objectivity of BBVA’s investigation, as well as its full cooperation with the judicial authorities.

OCTOBER 21, 2020

BBVA welcomes the new judicial resolution

Spanish High Court’s judge Manuel García-Castellón underlines that BBVA has contributed all relevant results for the preliminary investigation, accepts the bank’s offer to make documents available, and dismisses all requests from other parties.

JULY 30, 2020

"We have made available to the judge all the documents and data gathered"

During the press conference to present 2Q20 earnings, Onur Genç said that "there are no major updates vs. what we said at the March AGM” and said that “we have repeatedly offered and made available to the judge all the documents and all the data gathered in case any further investigation is to be carried out.”