Finance
Finance
BBVA CEO Carlos Torres Vila told international investors this Friday that “the quality of BBVA’s franchises, in strategic markets, provides resilience and contributes to the strong performance of our results.” He also believes that banks have some unfinished business: having a positive impact on peoples’ lives and businesses. BBVA is working on it.
The International Bank Note Society (IBNS) has chosen the 50 Swiss Franc bank note as the winner of its “Bank Note of the Year Award” for 2016. The bank note, which depicts a hand holding a dandelion, was chosen after a tight voting process. The three runner ups were the Maldive Islands 1000 Rufiyaa, Argentina’s 500 Peso, and the Royal Bank of Scotland’s 5 Pound bank notes.
Together with these 4 finalists, the IBNS chooses what are considered to be, overall, the 18 best bank notes in the world in 2016.
Garanti Bank signed a residential mortgage covered bond agreement with IFC (International Finance Corporation), a member of the World Bank Group, with 5-year term maturity worth at USD 150 million equivalent to 540 million Turkish Lira. Garanti issued the first residential mortgage covered bond ever, which is IFC has invested the first time in Turkey as well. Garanti will use the fund to provide green mortgages for the purchases of energy efficient housing, helping to boost the development of green buildings in the country’s housing sector.
We have experienced the deepest global crisis since the Great Depression. Among the things that have changed - perhaps for good - is the way the financial sector now acts at a global level to manage both credit and reputational risk. This has coincided with what amounts to a genuine explosion in technology, which has undoubtedly only just begun.
Within the varied and, for many people, unfamiliar jargon of the stock trading world are the terms “squeeze-out’ and ‘sell-out.’ Both refer to mechanisms for the forced purchase and sale of shares, and are closely linked to the context of a takeover bid.
Yesterday, Tradebe obtained the world’s first green syndicated financing in term loan format, for a total of €265 million. The transaction was signed by 11 national and foreign financial institutions with strong oversubscription under BBVA’s leadership as Facility and Green Agent, Coordinator and Sole Bookrunner.