The pandemic has shown the importance of having insurance to cover hospital expenses, temporary unemployment or death. These unexpected expenditures are a shock for people under vulnerable conditions and their household economy. Microinsurance are products tailored to address these needs and offer protection to low-income persons aiming to guarantee their well-being and security in the face of risks, all at affordable prices.

BBVA allocated €106.3 million to social programs and initiatives that benefited 44.2 million people in 2021. This figure accounts for 20% of total planned expenditure, as announced in the Bank's Community Commitment for the period 2021-2025 (€500 million). In the first year of the period, 45% of the goal of reaching 100 million people has almost been achieved.

As part of its goal to make life easier for its customers, BBVA’s Turkish franchise is partnering with BlindLook- a social enterprise that develops accessible technologies for the visually impaired.

In its annual report, Intrama includes the success stories of more than 30 Spanish companies with the best practices in Diversity and Inclusion, of which BBVA is one. The global human resources consulting firm highlights the financial institution's strategic alignment of diversity policies, the communication of its projects and the training provided to its staff in this area.

The BBVA Microfinance Foundation (FMBBVA) organized ‘Connected for digital opportunities’ - an event which H.M. The Queen presided over. BBVA Chairman Carlos Torres Vila, Bank of Spain Deputy Governor Margarita Delgado and the Director General of the BBVA Microfinance Foundation, Javier M. Flores, all participated in the event. The debate focused on boosting economic recovery from a more innovative and inclusive perspective through technology.

“At BBVA, there are more than 100,000 people working in over 25 countries, with a wide range of different cultures, experiences, beliefs, languages, etc. This diversity is a fundamental part of the recipe to our success, and it will make us stronger to face the challenges and opportunities that lie before us,” said BBVA Chairman Carlos Torres Vila at the main event of the bank’s Diversity Days, a series of internal events being held for the second year in a row to share important advances in terms of diversity and inclusion, and to create a space for learning for all of the Group’s employees.

When Blanca Huergo knocked on BBVA’s door less than two years ago, she could never have imagined that she would wind up visiting its Madrid headquarters to meet with its top executives. This young Mathematics and Computer Science student at the University of Oxford has become a role model for many girls in the STEM (science, technology, engineering and mathematics) career areas where they are scarce.

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.

Every June 28, the world celebrates sexual and gender diversity, a reality that is reflected in each of the letters and symbols of the acronym that defines this community.

'Diversidad Trans. Punto de encuentro' is the manual presented by the financial institution that includes guidelines and protocols focused on supporting trans or gender transitioning employees or customers. Diversity and inclusion in general, and particularly LGBTIQ+, are intrinsic to BBVA's DNA and are part of its strategic and business objectives.

The challenge of diversity is one of the key transformation pillars for any company. In the case of BBVA, ensuring a diverse workplace, in the broadest sense of the term, allows the company to better address the needs of its diverse customer base and offer a more comprehensive service.

Much has been written about generational differences and how to classify the population according to someone's year of birth. The truth is that there is no exact or official definition of when a generation begins or ends and, depending on which demographers or researchers you consult, there are discrepancies about the years that comprise each generation.

The agile work methodology, new skills that teams look for or the recent inclusion of diversity as a strategic business priority are some of the ways in which BBVA’s human team has changed over the past few years. Paloma Tejada, head of Talent and Culture, Agile and Communications, at Client Solutions, BBVA, spoke about all of them in a conversation with Matthew Gamser, CEO of the SME Finance Forum.

The financial institution celebrates Diversity Days, a conference that highlights recently implemented projects in this area and that draws a roadmap with the challenges and goals for converting diversity into the Group's DNA and as a key objective for the future.

Between October 2019 and June 2020 women lost jobs at a greater rate than men, while the employment recovery rate in the third quarter of 2020 was slightly higher for men, widening the gender gap. These are some of the key takeaways of BBVA Research’s 'Gender diversity and training' paper. According to the report, published on the occasion of BBVA’s diversity workshop (Diversity Days), training is one of the essential factors to reversing this situation and boosting women’s participation in the digital economy, a sector that’s recovering at a faster pace.

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.

For yet another year, BBVA renewed its commitment to diversity and inclusion and is named one of the Top 30 Spanish companies with the best practices in the field. It was reported in the 2021 VariableD Report from Intrama's ECDI Network, comprised of companies committed to diversity and inclusion. The organization presented its conclusions at the 2020 FactorW Diversity Summit which is the largest national congress on this matter.

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 bank has produced a manual entitled ‘Normalizing Differences’ that aims to provide employees across the company a basic knowledge about LGBTIQ+ diversity, most especially executives and people managers who are involved in the selection process or decision-making about employee professional development and trajectory. The document, put together with input from hundreds of employees who agreed to be interviewed for the initiative, identifies challenges and specific needs people belonging to this group may face.