BBVA Channels €120 Billion Into Sustainable Business in the First Nine Months of 2026, Up 27 Percent Year-over-Year
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.
With this progress, the bank channeled a total of €254 billion since 2025, reaching over 36 percent of its €700 billion target for the 2025-2029 period. Of the total amount channeled into sustainable business, €195 billion (77 percent) went to environmental activities (climate change and natural capital), and €59 billion (23 percent) to social initiatives.
By country, Spain led the way in sustainable business in the first nine months of 2026 with 32 percent of the total volume, followed by Mexico with 16 percent, Türkiye with 13 percent, and South America with 10 percent. The remaining geographies represented 29 percent.
By product, financing and transactional banking accounted for 86 percent of the total amount channeled during this period, while capital markets contributed 10 percent, and project finance four percent.
Growth in all business segments¹
In the wholesale clients segment (the Corporate and Investment Banking (CIB) area), BBVA channeled approximately €60 billion (around €54 billion to environmental activities and €7 billion to social initiatives), 16 percent more than the first nine months of 2025. In parallel, it continued to promote its activity in strategic areas such as cleantech financing, solutions like sustainability-linked confirming; and the financing of renewable energy and natural capital projects, particularly in the agricultural sector, water management and recycling.
Meanwhile, Commercial Banking (BEI) channeled around €45 billion (approximately €33 billion to environmental activities and €13 billion to social initiatives), a 40 percent increase year-over-year. This segment continued to perform well in all countries, with particularly strong growth in Mexico and Türkiye. Advisory services for sustainability and specialized support for agriculture, the circular economy and infrastructure stood out as drivers of growth.
In retail clients, BBVA channeled approximately €14 billion into sustainable business in the first nine months of 2026 (around €5 billion to environmental activities and €10 billion to social initiatives), a 38 percent increase over the same period of the previous year.
Through financing and other solutions that are part of sustainable business, BBVA helps its clients to undertake projects related to energy efficiency, electrification, housing renovation and infrastructure development. For companies, among other things, these solutions help companies adapt their business models to the challenge of decarbonization and resource management. For individual customers, they support decisions such as the purchase of energy-efficient homes or electric vehicles.
Sustainability as a driver of growth
BBVA continues to promote sustainability as a driver of growth. Climate, natural capital and social opportunities are the three pillars of the bank’s sustainability strategy. By providing specialized advice, BBVA helps companies and individuals assess their needs, identify the alternatives best suited to their situation and select the financing options that best fit their projects.
BBVA is also making progress in its sustainability strategy thanks to the transformation driven by artificial intelligence, which is improving customer experience, streamlining processes and improving team productivity.
The bank has a goal of channeling €700 billion into sustainable business in the 2025-2029 period. This more than doubles the previous goal of channeling €300 billion between 2018 and 2025. The bank reached this target in December 2024, one year ahead of schedule. The new, more ambitious target is also proposed for a shorter period (five years versus eight years).
The criteria the bank uses to calculate the contribution of its products to sustainable business are described in the Guide for the Channeling of Sustainable Business and Transition.
On July 27, BBVA announced its participation as Global Banking Partner of the United Nations Climate Change Conference (COP31), which will be held from November 9 to November 20 in Antalya, Türkiye. Through this partnership, the bank will work with the COP31 Presidency and the United Nations to continue promoting financing for the energy transition and accelerate the implementation of solutions for a low-carbon economy.