Finance
Finance
Saving money can feel like a personal triumph (and it should!). To live within your means and set aside funds for a rainy day, major purchase or personal goal is very empowering. But did you know your savings can also impact the country’s economy as a whole?
At a press conference Carlos Torres Vila released BBVA’s earnings for the January-September 2018 period. The forthcoming decision on who should pay the levy on documenting mortgages loans - banks or the customers - which is due to be made by Spain's Supreme Court on November 5, was raised during the presentation. In regard to the possibility of the ruling being retroactive, he stated “You can’t penalize those who have followed the law. This is precisely what the principle of legal certainty embodies, which protects us all.”
The BBVA Group posted a net attributable profit of €4.32 billion during the first nine months of 2018, up 25.3 percent from the same period a year earlier (+43 percent at constant exchange rates). A surge in recurring revenues, cost containment efforts, lower impairment losses and capital gains of €633 million from the sale of BBVA Chile have all contributed to this result.
BBVA Group Executive Chairman received the 'Lion Award' for the best corporate management, presented by online newspaper El Español. The award recognizes Francisco González’s impressive career and his role as “a great innovator in banking.”
BBVA’s Head of Global Finance, Ricardo Laiseca, explains how BBVA has transformed its corporate finance model by focusing on two factors: standing out and innovation.
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Ricardo Laiseca
BBVA Wealth Solutions, Inc. (BWS) today announced the launch of its newest digital investment services product, SmartPath Digital Portfolios, a new digital advice solution designed to help investors achieve their financial goals. SmartPath Digital Portfolios—powered by BNY Mellon’s Pershing—delivers an engaging user interface, along with a selection of managed account options, to provide an optimal advisory investment experience and help investment advisors achieve increased efficiencies and scale.