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Corporate information 18 Mar 2019

BBVA publishes its annual report “BBVA in 2018”

Once the annual financial statements are approved at the Annual General Meeting, BBVA is now releasing the report ‘BBVA in 2018.’ This report covers all the BBVA Group’s activity in 2018 and puts the focus on the most relevant aspects for the bank’s stakeholders.

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‘BBVA in 2018’ begins with a letter from Group executive chairman Carlos Torres Vila, where he recaps the Group’s most important milestones from the past year. “2018 was a good year for BBVA. This was reflected in our excellent financial results, as well as significant progress in our transformation, which is now a reality,” he says. For the first time, the report also includes a letter from CEO Onur Genç.

Action and Investment ODS Plan

Carlos Torres Vila: “BBVA works to help build a more inclusive and sustainable society"

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”

The report shows BBVA’s strategy and business model in one section, including progress in the bank’s transformation journey and the values that guide its activity. BBVA has a purpose - to bring the age of opportunity to everyone - and six strategic priorities, including enhancing customer experience and boosting digital sales.

‘BBVA in 2018’ also reports on the Group’s financial figures in 2018 - both the results and balance sheet, as well as the most relevant ratios. And it describes each business area’s activity and results.

Regarding non-financial information, the report breaks down the numbers in terms of the impact on people and societies where BBVA operates - actions such as support for entrepreneurship, financial education, social well-being and sustainable development. For example, in 2018 the bank promoted the Principles for Responsible Banking, under the auspices of the United Nations, and announced its Pledge 2025, which commits the bank to mobilizing €100 billion to fight against climate change.

‘BBVA in 2018’ is a report that complements the information already provided in the Consolidated Annual Financial Statements, Management Report. It is connected to the rest of the bank’s annual corporate information through links and references. And it follows the latest international reporting trends.