BBVA has recently appointed Pierre Goffin the bank's new Country Manager for France. Pierre has more than 25 years' experience in corporate and investment banking and will oversee business in this market. His main objective will be to strengthen relations with large corporations and the leading institutional and investor community in France.
Finance
Finance
BME, through Iberclear, BBVA and the Interamerican Development Bank (IDB), have completed the first bond issuance in Spain listed in a regulated market and registered using blockchain technology developed by ioBuilders. This platform could serve as a basis for future issuances in Spain and in Latin America and the Caribbean.
World Finance, one of the world's leading business and finance magazines, named Garanti BBVA ‘Türkiye's Best Retail Bank’ for the eighth consecutive time. The Turkish franchise was also singled out as ‘Europe's Best Retail Bank’ for the fifth time.
Financial and commercial services
Mass Receivables Finance: a solution for discounting retail portfolios
Mass Receivables Finance allows BBVA clients to get advances on their accounts receivable portfolios. This solution is aimed at clients with highly pulverized portfolios, where the amount concentration per debtor is very small and the historical behavior is stable and predictable.
BBVA Global Wealth and the IE Center for Families in Business of IE University conducted a study that analyzed nine “moments of truth” in which business families should reflect and make decisions to reinforce their strategy. Through this report, BBVA will promote the advice that business families receive in Spain, Colombia, Mexico, Peru, Switzerland and Uruguay.
July 2022 marks the first anniversary of the inclusion of minors in the voluntary private pension system (PPS). A total of 360,000 children under the age of 18 joined PPS over the past year. Garanti BBVA Pension has a TL 208 million fund - helping one out of every five children in the PPS to start saving at an early age.
BBVA has launched a new card in Spain as part of its Aqua range - characterized by offering a dynamic CVV for each purchase and no printed number - that combines maximum security with the possibility of paying in installments for up to three months, with no interest or deferral fees. As a result, BBVA is breaking into the new ‘Buy Now, Pay Later’ (BNPL) payment method with a product that helps its customers to make their payments in a convenient and flexible way.
BBVA will execute the final tranche of its share buyback program for a maximum amount of €1 billion, starting on July 1, 2022. The Group also announced that it will apply hyperinflationary accounting in Türkiye, effective January 1, 2022. Finally BBVA reaffirms its financial goals for 2024.
After receiving the authorization of Spain’s National Commission for Markets and Competition (CNMC in Spanish), BBVA finalized the purchase of Tree Inversiones Inmobiliarias SOCIMI from Merlin Properties. The company has 662 offices rented to BBVA.
BBVA Mexico’s Annual Meeting of Regional Advisors (RNCR 2022) is a forum where leading BBVA Group executives present and discuss the bank’s performance, projects and future challenges. The meeting provides an opportunity for dialogue on the international context and political situation of the country.