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Finance

Finance

BBVA has agreed to sell its 29.68% in Citic International Financial Holdings Ltd. (CIFH) for about €845 million to China CITIC Bank Corporation Limited (CNCB). This deal improves the BBVA Group’s fully-loaded Common Equity Tier 1 capital position by around 20 basis points, equal to generating over €700 million in capital. The sale does not change BBVA’s stake in CNCB.

The Federal Government has received the Global Partner Award granted by the United Nations for its leadership in the work of rebuilding the community of "La Pintada", in the municipality of Atoyac de Álvarez in the state of Guerrero, where BBVA Bancomer and its foundation played a key role in the reconstruction of the education centre.

BBVA Provincial has for the fourth time been named the best bank in Venezuela by the well-known journal The Banker. This award serves to reassert its capacity to tackle the new climate in the financial industry, with its new regulations, increased competition and customer demands, and specifically to continue its process of technological transformation and migration towards digital banking.