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Carlos Torres Vila 15 Mar 2019

"We are fully committed to become the banking business that society is demanding"

Prior to the start of BBVA’s Annual General Meeting, which is being held today in Bilbao, Group executive chairman Carlos Torres Vila discussed the bank’s 2018 results and milestones in the transformation journey with the media. He also shared BBVA’s vision for the future: “We are fully committed to become the banking business that society is demanding.”

“Our results totaled more than €5.3 billion, with very significant growth of more than 50 percent, bolstered by rising recurring revenue, cost containment efforts and substantial capital gains from Chile. Furthermore, more than half of BBVA’s customers now do their banking on digital channels, meeting the goal we set for ourselves,” he noted.

BBVA’s Group executive chairman also looked beyond 2019, turning to society as a whole. In this regard, he said, “We are facing significant challenges – both environmental challenges like climate change, and also social challenges.” “These are society’s biggest concerns. We can see this today among young people, for example,” he added.

That’s why now, more than ever before, banks “have a responsibility to finance the future – a much more important and sustainable future for our children,” Carlos Torres Vila said.

Finally, regarding the Cenyt case, the Group executive chairman affirmed that: “BBVA will continue to investigate with the utmost rigor, while actively collaborating with authorities to clarify the facts, which is in the bank’s best interest.”

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