Current situation – Cenyt case
We reiterate our firm commitment to clarifying the facts and cooperating with the authorities.
BBVA has been providing information related to this case since its inception and it has proactively shared the information obtained from the forensic investigation, carried out by Garrigues, Uría Menéndez y PwC.
The bank testified at the Spanish National High Court, responding in detail to all the questions posed. The bank pleaded that BBVA bears no responsibility for the facts under investigation.
The proceedings remain under secrecy order, which limits the information the bank can publicly disclose on this case, given the requirement of not interfering with the judicial investigation.
In this preliminary phase of the proceedings, being declared as an investigated party does not imply that a formal accusation for any crime has been made.
As of today, BBVA has not identified any relevant or direct impact on its business, its investors or stock performance due to this situation. Additionally, the bank’s reputation has remained stable in 2019 compared to the previous year.