The Turkish men’s wheelchair basketball team, the 12 Brave Hearts, will take part in the Tokyo 2020 Paralympic Games, sponsored by Garanti BBVA. The players, who have already accumulated some important victories in European and World Championships, including Gold in 2017 and Bronze in 2019 at the European Championships, will once again represent Turkey at the Tokyo 2020 Paralympic Games, as they did in London 2012 and Rio 2016. This year, the Turkish team will compete in Group A and will play against South Korea on August 26. In addition to the Korean team, the group is made up of teams from Canada, Spain, Colombia and Japan, the host country.

Turkey recently held its women's wheelchair basketball championship which took place in Hatay this year. As part of its social commitment, Garanti BBVA has been supporting this sport´s men's and women's teams since 2013.

Access to technology and financial education improvement for the entire population, especially the most vulnerable, is essential to achieving an inclusive recovery. These have been the main conclusions from the latest edition of EduFin Talks, a space for reflection and debate on financial education's challenges organized by the BBVA Center for Financial Education and Capability in a 100 percent digital format.

New challenges and opportunities in financial education and inclusion will be the main topic of the third edition of EduFin Talks. The BBVA’s Center for Financial Education and Capability presents the new edition of EduFin Talks, a space to reflect on and discuss the challenges of financial education. This year it will be held fully online.

Learning something new is always positive, especially when it’s about something as important as personal finances. Pay attention to this agenda of virtual events in the last quarter of the year, as it will help with money management and improving financial health.

A higher level of financial education in African American communities in the U.S. translates into higher economic well-being, according to the study “Financial Literacy and Wellness among African Americans” by Paul J. Yakoboski from TIAA Institute, and Annamaria Lusardi and Andrea Hasler from the Global Financial Literacy Excellence Center (GFLEC).  However, not everyone has the same access to quality financial literacy in the country.

U.S. banks have a decisive role to play in minimizing their customers’ growing financial uncertainty. The time has come for the banking industry in the United States to become more involved in improving the financial health of its customers. This is one of the main conclusions set forth in the study “Making Outcomes Matter: An immodest Proposal for a New Consumer Financial Regulatory Paradigm” by researchers Todd H. Baker (Richard Paul Richman Center for Business, Law and Public Policy) and Corey Stone (Financial Health Network).

The COVID-19 crisis is pushing vulnerable groups – those bearing the economic brunt of the crisis - to the limit. Leora Klapper, lead economist of the World Bank's Development Research Group and member of the Advisory Board of the BBVA Center for Financial Education and Capability, analyzes the key factors to boosting these groups’ economic resilience and promoting their financial inclusion.

Many families are struggling under the economic impact of the pandemic, especially those affected by joblessness. Financial vulnerability refers to the ability of individuals or households to cope with a 'shock' that entails the loss of their main source of income.

Spain finished first in the final of the international competition, European Money Quiz 2020, an initiative organized by national banking associations in Europe and coordinated by the European Banking Federation (EBF). Mateo González Villar, a student at Mirabal School in Madrid, managed to emerge victorious in a highly competitive contest in which 29 finalists participated from 22 European countries.

Vulnerable population groups are bearing the brunt of the global pandemic and need more economic support measures. These are some of the ideas set forth by Mayada El-Zhoghbi. El-Zhoghbi, Managing Director of the Center for Financial Inclusion  (CFI) and new member of the Advisory Board of the BBVA Center for Financial Education and Capability, who also advocates for, among other measures, equal access to financial services.

The global pandemic is devastating millions of people’s finances worldwide. How can the consequences of the crisis be addressed? Experts consulted by the BBVA Center for Education and Financial Capability point to financial education as a fundamental way to build crisis-proof finances.

Reducing inequality, one of the key points in the UN’s SDG agenda (SDG stands for Sustainable Development Goals), has become an even more pressing issue in the midst of the coronavirus crisis, which is deepening existing social divides across the globe. María José Roa, researcher, teacher, member of the INFE/OECD Research Committee and winner of the BBVA EduFin Grants 2019, analyzes the root causes and the impact of these inequalities and the role of financial education to reduce them in Latin America.

The coronavirus crisis has lead to a situation of instability and uncertainty in the markets. For investors, it’s time to keep a cool head and consult reliable, updated sources of information. On the other hand, people who would like to learn to invest while at home these days, have many different kinds of quality educational resources just a click away.

March has traditionally been the month of financial education, with major events like Global Money Week. However, the postponement of this event due to the coronavirus crisis has made online education take the lead in order to keep the spirit of these days dedicated to financial education.

What impact does financial literacy have on women’s empowerment? Is it possible to curtail gender violence rates through financial education? These are just some of the issues addressed by one of the wining papers of BBVA Edufin Research Grants, organized by the Center for Education and Financial Capabilities.

Financial education takes center stage throughout the year with activities to take place around the globe. During these sessions, prestigious subject matter experts will share their knowledge at conferences, workshops, and classes. The agenda of events represents an unparalleled opportunity to learn about the world of finance.

October 7 marks the celebration of Financial Education Day, a day that aims to raise awareness about the importance of a good financial education. Throughout the week training and awareness-raising activities will be held around the world. BBVA participates in various activities and announces the second installment of EduFin Talks, taking place in Madrid on Tuesday, October 8.

New technologies are catalysts for change, but the full benefits will only be available to those with a good financial and digital education. Verónica López Sabater, director at the  International Financial Analysts Foundation (AFI) champions digital technologies as a means to facilitate financial inclusion and as a source of opportunities for all.

A large percentage of the Spanish population is not familiar with some basic financial concepts that are essential for making investment or borrowing decisions. This was one of the key takeaways shared by Pablo Hernández de Cos, Governor of the Bank of Spain, during his presentation at EduFin Summit 2019, the yearly leading global financial education summit organized by the BBVA Center for Financial Education and Capability.

BBVA city in Madrid has hosted the EduFin Summit 2019, the important world summit on financial education organized by the BBVA Center for Financial Education and Capability. Over 30 industry experts from 16 different countries attended this significant event, along with 250 attendees. Over two days, the participants have shared their knowledge and experience in digitalization and financial education as drivers to generate opportunities for everyone.

The generation born between 1981 and 1994, known as Millennials, is reaching maturity in an ever-changing and very complex world where new technologies set the pace with increasingly sophisticated financial products and services. Today young people are looking for new sources of financial education to ensure they plan their finances properly.

BBVA Edufin Research Grants 2019 announces the financial education research proposals that will benefit from the envisaged funds in this second edition. A total of €50,000 will be distributed among the five shortlisted projects to support them in developing their social and innovative approach to the issues they address.

Carlos Torres Vila, Group executive chairman

• Impact on society: “The future of banking lies in financing the future. At BBVA we want to define the new way of banking that the communities we serve are calling for and need”

• Transformation: "In 2018 we reached a pivotal milestone: to surpass the threshold of 50 percent digital customers”

• Dividend: “The strong results allow us to increase the dividend. At this Annual General Meeting, BBVA is proposing a complementary dividend of €0.16 per share, to be paid in April this year.” The total dividend for the year amounts to €0.26 per share, a 37 percent payout of the bank’s profit

Onur Genç, Chief executive officer

• Digitization: “We began our transformation ahead of the curve, and we are already reaping the benefits of this foresight”

Beatriz Morilla, Head of CSR at the Spanish Banking Association (AEB), sees financial education as a fundamental tool to "fight poverty, reduce inequalities, promote gender equality and achieve greater health and well-being." From this global perspective, the AEB is working on the rollout of nationwide impactful actions and on securing support from the financial sector.

Claudio González-Vega, Chair of the Board of Trustees of the BBVA Microfinance Foundation and member of the Advisory Board of BBVA’s Center for Financial Education and Capabilities, is one of the world’s leading voices in finance and development, especially in the field of microfinance. For him, financial education is a “vital tool for escaping the poverty trap.”

William D. Nordhaus, winner of BBVA’s Frontiers of Knowledge Award, and Paul M. Romer have been awarded the 2018 Nobel Prize for their research on how climate change and technological innovation impact the economy. Their findings substantiate the vital role financial education plays in overcoming the challenges of an ever-changing world.

Everfi is a leading educational technology company that uses social games, videos, and animation among other tools to provide financial education to everyone, at any age, anywhere in the world.

A ‘teachable moment’ is a unique instant in which the opportunity presents itself to teach something to someone else who has had their attention captured by that something. These valuable learning opportunities in financial education lend themselves to teaching people to take informed decisions.

Financial education is key to guaranteeing a sustainable and inclusive economy, creating an era of opportunity through digital transformation, asserts BBVA's Executive Director responsible for Global Economics, Regulation & Public Affairs, José Manuel González-Páramo.