Once again BBVA Bancomer has been named best investment bank in Mexico by Latin Finance magazine. The bank already merited the distinction in 2013 and this year, despite market volatility, BBVA Bancomer has managed to set itself apart from its competitors, earning the award for a second time. This accolade attests to the effort and work of BBVA’s investment banking unit in the country over the past year, and reaffirms the importance of Mexico within the Group.
Finance
Finance
The so-called Maker Movement is known for creating craft objects using technology like robotics, 3D printing or laser. This trend is fighting to go from a simple hobby to a business opportunity.
Market analysts reacted positively to the results disclosed by BBVA, which in many cases outperformed their forecasts. Reports cite both the bank’s solid set of results and strong capital generation capacity as the factors that have allowed it to achieve its 11% fully loaded CET1 ratio goal ahead of its proposed 2017 date.
At the results presentation held today, BBVA CEO Carlos Torres Vila underscored the bank’s progress in customer experience, quarter after quarter, which, when put together, represent “a major revolution”.
BBVA Executive Chairman Francisco González visited a branch in Barcelona to learn firsthand from some of the Group’s employees about how the business and customer relations are progressing during his visit to Catalonia. At a meeting with employees, Francisco González underscored what an important role the branch network plays for the bank.
BBVA Compass Bancshares, Inc., a Sunbelt-based bank holding company (BBVA Compass), reported today net income of $120 million for the third quarter of 2016 compared to $130 million earned during the third quarter of 2015. Return on average assets and return on average tangible equity(1) for the third quarter of 2016 were 0.53 percent and 6.21 percent, respectively.
The BBVA Group earned €2.8 billion between January and September 2016, up 64.3% from the same period a year earlier. Stripping out the impact of corporate operations and currency fluctuations, growth reached 15.0%. Net attributable profit rose to €965 million in the third quarter.
These are the ratios that show up the financial position of a bank. This is a disclosure of BBVA’s ratios calculated at the end of September 2016.
BBVA Compass and Opportunity Finance Network are joining forces to cultivate the next generation of leaders for Community Development Financial Institutions, organizations that are critical engines of opportunity in low-income communities.