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LATEST ARTICLES
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BBVA could have bought Banco Sabadell much more cheaply in 2020. Sabadell’s CEO César González-Bueno has since turned his bank around. But BBVA’s return to the negotiating table comes at a time when European banking may be moving to a new and more confident phase.
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The decision by the US SEC to drop mandatory Scope 3 reporting weakens global emissions reporting standards. However, many corporate issuers are already using Scope 3 performance targets on sustainability-linked transactions for non-regulatory reasons. Are the debt and equities markets leading companies onto ESG ground upon which regulators fear to tread?
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In 2022, BBVA partnered with US venture capital firm Fifth Wall to invest in technologies that address climate change in the real estate and construction industries, which together make up about 40% of global carbon emissions.
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BBVA has always prided itself as being an active community participant in the countries in which it operates in Latin America. However, the bank’s recent efforts to deepen the integration of its Latin American banks have increased the value of the combined efforts in this area.
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As European banks fight back against neobanks such as N26, Wise, Starling, Monzo and Revolut that are taking more of the incumbents’ market share and competing across every service area, it is the Spanish banks who look best placed to match them.
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After the 2020 sale of its US bank, BBVA’s global ambitions in retail are alive and well. It has entered Brazil with digital bank Neon, ploughed more capital into UK app-based lender Atom Bank and launched in Italy in a way that presages branchless growth across the eurozone.
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Perhaps it is not such a strange time to bet billions on Turkey’s economy.
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Covid has, unsurprisingly, dominated the corporate responsibility agenda at banks across Europe. A key determinant in this category was the effectiveness with which firms addressed the acute challenges that many of their clients have faced, from the initial healthcare emergency to longer-term financial distress. BBVA stepped up to the task promptly and at scale and takes the regional award this year.
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BBVA is relying more on its Latin America business. And the countries in that region are relying more and more on the global bank in turn. BBVA’s global head of country monitoring, Jorge Sáenz-Azcúnaga, explains how he expects this symbiosis to evolve.
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Selling its US bank to PNC fixes BBVA’s capital problem and allows it to consolidate in Spain. Arch-rival Santander’s similar troubles may be harder to solve.
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The chief executive of PNC Financial Services is making good on his plan to deploy the proceeds from this year’s sale of its stake in BlackRock in support of its national strategy.
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One intriguing sub-plot of a wild year in bank capital has been the advent of green AT1 and tier-2 deals.
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BBVA is the big winner in Latin America in this year's Euromoney Awards for Excellence.
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UniCredit is the region’s best bank in this year’s Euromoney Awards for Excellence.
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Across sustainable finance and microfinance, BBVA is working to support greener and more inclusive economies. It wins the award for best bank in Latin America for sustainable finance.
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In September 2019 Garanti BBVA signed the world’s first gender loan, a newly designed structure that the bank hopes will encourage its customers to improve their gender equality performance.
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Latin America’s best bank this year is BBVA. The Spanish-headquartered bank has long been vulnerable to competitors’ claims that it was more a federation than an integrated network of subsidiaries, but the bank’s most recent performance shows that the management – overseen by Jorge Sáenz-Azcúnaga, head of country monitoring at BBVA – has addressed this weakness.
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Banks have been trying to rebuild trust since the global financial crisis. They have touted corporate responsibility and stakeholder capitalism as core tenets of their businesses. Covid-19 and the subsequent economic crisis will be a big test of their commitment.
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The country’s biggest firms are doing all they can to bolster their reputation, as the nation faces a human and economic crisis brought on by Covid-19.
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Best Private Banking Services Overall Net-worth-specific services: Mega HNW (>$250m) UHNW (>$30mln-$250mln) HNW ($5mln-$30mln) Super Affluent ($1mln-$ 5mln) Capital Markets and Advisory ESG/Impact Investing Family Office Services International Clients Investment Management Next Generation Philanthropic Advice Research and Asset Allocation Advice Serving Business Owners Data Management and Security Innovative or Emerging Technology Adoption
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With falling rates in Europe and the US, and Turkey still in trouble, only Latin America – especially Mexico – can keep up BBVA’s spirits.
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Spanish bank profitability will sink even further as left-wing populists Podemos enter a coalition with the socialist party, making a private-sector future for Bankia ever more remote.
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European bank shares have sunk to levels not seen since 2008, and even some of the region’s bank CEOs admit it is hard to make a compelling investment case for them. Euromoney speaks to the people at the top about their potential to re-emerge as global leaders.
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European banks don’t have a continental market, right? Wrong. Even if they cannot do full-blown mergers, the cross-border consolidation of specific business lines offers a way of gaining some of the economies of scale that US and Chinese banks enjoy.
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Garanti BBVA sets a high standard for banking – it is a founding member of the UN’s principles for responsible banking – and this year wins the award for the best bank for corporate responsibility in central and eastern Europe.
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Ever-larger investments in digital banking have been an important part of European banks’ efforts to cut costs. At the same time, digital banking is central to their attempts to establish a growth story.
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As trade disputes between China and the US continue, Latin America has been caught in the middle. Countries across the continent have been forced to choose whether they trade with their American neighbour or their Asian partner.
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Latin America’s best bank for sustainable finance this year is BBVA.
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Financial inclusion is only useful if it creates long-term financial health and security. BBVA is committed to ensure that it does through its research and education programmes.
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DBS named world’s best bank in Euromoney Awards for Excellence 2019; JPMorgan is the world’s best investment bank; Erste’s Treichl recognized as banker of the year.
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Digital banking blurs boundaries.
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As Carlos Torres Vila and Onur Genc take over, BBVA’s markets may still surprise more than its strategy.
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Large numbers of domestic retail shareholders mean that public ill-will in Spain hurts Santander and BBVA just as much as other more domestic-focused lenders.
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Markets take Andrés Manuel López Obrador (Amlo) victory in stride; analysis shows Santander could outperform under next administration.
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What is striking about BBVA’s operations in Latin America is how the bank is willing adapt to regional demands. At a time when its Spanish operations are grappling with the arrival of open banking and real-time payments, the bank knows that having staff on the ground in Latin America is the main concern of its customers.
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Sale of non-core assets could help bolster its balance sheet and open up new options
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GDP growth expected to drive acceleration in credit demand; Santander Chile’s CFO expects BBVA to sell to Scotia.
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New banking law looks set to require BBVA to add capital; deal would transform Scotiabank in key Pacific Alliance market.
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Volume key for profitability as banking market normalizes; flurry of equity deals to fuel M&A and organic growth.
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This year BBVA wins Euromoney’s award for best bank for corporate social responsibility (CSR) in Latin America for its dedication to transparency and to promoting financial literacy and inclusion.
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Choosing the winner of the best bank for transaction services in Latin America was difficult. The shortlisted banks – BBVA, Citi and BAML – all demonstrated real growth and innovation in working within this politically and economically diverse region.
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The Argentine banking system is beginning to return to a semblance of normality, with signs such as positive interest rates. But the road back to international standards is a long one. After many years of economic dysfunction and highly prescriptive banking regulations (including mandatory lending to segments and floors and caps on interest rates), it will take a long time for an orthodox banking sector to appear.
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The world seems to be turning away from globalization and towards protectionism. Yet despite this challenging environment for trade, the bankers who finance it remain surprisingly upbeat.
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Results index Global All transactions 2016 2015 Bank Score 1 2 HSBC 6548 2 3 Citi 3830 3 1 Deutsche Bank 3116 4 13 Bank of New York Mellon 1728 5 14 Sumitomo Mitsui Banking Corporation 1536 6 8 JPMorgan 1534 7 5 Commerzbank 1359 8 4 Bank of America Merrill Lynch 1339 9 6 Standard Chartered 1305 10 7 Barclays 1303 11 9 Bank of Tokyo-Mitsubishi UFJ 1209 12 32 Industrial & Commercial Bank of China 1057 13 45 DBS Bank 1045 14 12 Wells Fargo 823 15 11 Bank of China 817 16 19 Societe Generale 721 17 18 Mizuho Bank 692 18 16 UniCredit 607 19 21 ADCB 605 20 15 RBS 535 21 10 BNP Paribas Fortis 504 22 Cathay United Bank 501 23 22 Yapi Kredi 355 24 UOB 352 25 ANZ Banking Group 340 26 23 ING Group 265 27 35= Agricultural Bank of China 251 28 29 Akbank 250 29 17 RZB 223 30 137= Bank Mandiri 218 31 42 Arab Bank 194 32 39 Bank of Communications 193 33 28 UBS 189 34 ATF Bank 188 35 208= Bank Central Asia 182 36 BNI 46 162 37 CIMB 156 38 38 Danske Bank 152 39 65= Banco BPI 144 40 208= Bangkok Bank 132 41 Siam Commercial Bank 126 42 40 Credit Agricole 122 43 34 BBVA 118 44 Hang Seng 116 45 41 Lloyds 114 46= 27 Garanti Bank 110 46= 74= Bancolombia 110 48 Bank Danamon 107 49 NAB 106 50 Bank of Nanjing 103
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BBVA’s executive chairman has thrown himself into every challenge he has faced in a career spanning more than 50 years. Now Francisco González is focused on what that future will actually be. ‘Platform as a service’ does not trip off the tongue as a killer phrase to describe the future of banking, but the visionary that other bank CEOs flock to for insights into the transformation of their industry sees it as the destination for winning banks.
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Results index The flexible local deployment of a global electronic platform is the reason why BBVA is at the forefront of digitizing retail banking in Latin America, taking the award for best digital bank in the region. The gains to the bank are clear: lower costs, higher efficiencies and the ability to compete throughout national markets without extending physical infrastructure.
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Results index In digital innovation, however, no bank in the US can touch BBVA Compass, which wins the award for North America’s best digital bank. Whereas large domestic banks have pushed back against disrupters, BBVA Compass exemplifies what can happen when a bank embraces them. That journey began more than five years ago when the bank began overhauling its core technology system into a real-time platform, making it among the first to implement real time processing. It was almost unheard of for US banking customers to have that level of transparency and control, but then BBVA Compass took it to a new level: it opened its platform to digital innovators. As a result, customers of BBVA Compass can send and receive funds instantly through Dwolla rather than wait for Automated Clearing House.
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Euromoney names BNP Paribas as the world’s best bank and HSBC the world’s best investment bank for 2016; BBVA’s Francisco González is banker of the year and completes a great night for Europe.
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This year marks the 25th anniversary of the Euromoney Awards for Excellence. They were the first of their kind in the global financial publishing industry. The nature of the global banking industry is constantly changing, and this year we made fundamental changes to the categories to reflect this.
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BBVA's diversification drive across new retail markets and its mobile banking push reveal a global emerging market institution to be reckoned with
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Banking in Argentina has been challenging in recent years. Increasingly stringent regulation has required banks to lend to certain segments at capped interest rates, while high inflation has complicated other transactional business. The banking system has, by and large, coped well with the poor business environment, and now (in private) bankers are optimistic about the money to be made in the country – from mortgages and retail lending to corporate loans, securitizations and capital markets.
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From retail and investment to emerging market banking, regulatory technology is redrawing the global financial map. Data is the new capital, ideas are the new risk.
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Banco de Credito del Peru is named as the best bank in the region; Citi retains investment banking award.
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Austrian market leader Erste Bank posted another set of healthy results in 2015 but the standout story of the year, in terms of both growth and profitability, belonged to Bawag PSK. The private equity-owned bank saw its bottom-line result jump by 26% year-on-year to €418 million, giving a sector-beating return on equity of 16.2% on the back of higher core revenues, lower operating expenses and a dramatic reduction in risk costs.
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When his global peers want leadership or advice on the challenge of technology, they turn to BBVA’s executive chairman. Given what he has achieved at the bank, this comes as no surprise.
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Loan production offices instead of branches; tech tie-ups lead to nationwide presence.
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Best private banking services overall
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BBVA has embarked on a bold transformational strategy to become the world’s first digital global bank, and reinvent itself as a knowledge-based information company, fit – it hopes – for the modern era and beyond. Could the Spanish bank be providing a blueprint for the future of banking? CEO Francisco González certainly believes so.
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This year Spanish bank BBVA has risen into the top 25 in the Euromoney survey for the first time. Over the past three years, the bank has risen nine places in the overall rankings and more than doubled its volumes.
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BBVA’s additional tier 1 capital raising generated an astonishing €9 billion of orders, prompting bankers to proclaim it the opening of a big new market. But the staggering array and complexity of conversion triggers contained in the deal has set off alarm bells among investors.
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Bank on quiet hiring spree; More M&A and ECM in Latin America
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Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain’s second-largest lender, has made two hires in its FX division, according to two people familiar with the situation.
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Spanish bank BBVA has announced plans to open a new platform in Brazil, following the sale of its 5.01% stake in Banco Bradesco.
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With high profits, a low and declining cost/income ratio and an expansive global strategy, BBVA ought to be riding high in the stock markets. But some investors seem to think it is overstretching itself and have marked it down. Peter Koh reports on a success story that some in the market are not reading.
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Lorenzo Isla has been appointed head of the structured credit business at BBVA. Based in Spain, Isla will build out a business that will structure, invest in and distribute structured credit risk. Isla worked for Barclays Capital for the past three years where he was head of the structured credit research team. He starts at the end of August and will work from Barcelona and Madrid.
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Spanish bank forms a joint venture with alternatives specialist Vega to cater for institutional investors.
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As it looks to keep pace with rival Banco Santander, Spanish bank BBVA is setting its growth sights on the Hispanic market in the US - at the outset Mexicans in California and Texas - rather than Europe.
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The departure of Banco Bilbao Vizcaya Argentaria's co-chairman Emilio Ybarra was half expected. But the resignation of CEO and vice-chairman Pedro Luis Uriarte, announced on the same day, shocked the market.
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Edited by Rebecca Bream