BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today a net loss of $124 million for the second quarter of 2020 compared to earnings of $160 million in the second quarter of 2019. Included in the second quarter 2020 results is a substantial increase in provision for credit losses, well in excess of net-charge-offs, that reflects the ongoing adverse macroeconomic environment and corresponding forecasts given the COVID-19 pandemic and subsequent impact to certain segments of the loan portfolio.

Turkey’s Garanti BBVA announced its financial results for the first half of the year. Based on the consolidated financials, the bank’s net income in the first six months of the year totaled TL 3.33 billion (approximately €407.61 million). Asset size reached TL 486.67 billion and the bank’s contribution to the economy through cash and non-cash loans was TL 367.14 billion. Actively managing the funding base, deposits continued to be the main source of funding, with 63 percent of assets funded through deposits. The total deposit base reached TL 306.88 billion with 11 percent growth in the first six months of the year. Preserving its strong capital position, the bank’s capital adequacy ratio stood at at 17.4 percent.* The bank’s ROAE (Return on Average Equity) was 13.1 percent and ROAA (Return on Average Assets) was 1.6 percent.

BBVA’s Turkish unit has been recognized as the ‘Best Retail Bank’ in the country for six consecutive years. It has also been named ‘Europe’s Best Retail Bank’ for the third time.

April 2020 marked a high point in U.S. investments in environmental, social and governance (ESG)-themed exchange-traded funds in April 2020, according to analysts with BBVA Global Market Research. Nearly $2.8 billion flowed into equity and fixed income ETFs during the month, compared to the previous record of $2.4 billion in January 2020.

BBVA has again been honored by Javelin Strategy & Research, with the independent research firm naming the bank’s online banking service as a leader in its 2020 Online Banking Scorecard.

BBVA was selected as the best bank in Latin America in 2020 by Euromoney magazine. It was also named the region’s best bank for sustainable finance for the second year in a row. The publication also recognized BBVA as the best bank in Mexico and Argentina.

Simple, a subsidiary of BBVA USA, today announced the addition of Carrie Roso to the company’s corporate leadership team. Roso will serve as Director of Marketing for the fintech.

BBVA USA announced today that it has begun the process of reopening its branch lobbies, originally closed in mid-March 2020 due to the COVID-19 pandemic.

BBVA USA today announced the addition of Dale Kahil to the Commercial Banking - Emerging Companies team in the Houston market, providing another key team member to the group’s growing operations.