When BBVA Compass rolled out the BBVA Compass RealTime ARP™ product, which recently won an award recognizing its innovation, the bank aimed at revolutionizing a process that is critical to the success of any commercial operation.
Finance
Finance
Within the context of a complex environment, BBVA leads the digital transformation of banking and is evolving its business model in order to create value for its various stakeholders. This is how Jaime Sáenz de Tejada, Global Head of Finance at BBVA, summarized the bank's position at the 26th Financial Sector Summit (XXVI Encuentro del Sector Financiero), organized by Deloitte in Madrid. "Our business model is creating more value for customers and shareholders," he said.
The green bond BBVA issued in May 2018 has helped reduce CO2 emissions by 274,609 tons since its launch in May 2018, with another 106,539 tons estimated for 2019. It also generated 558 GWh/year of renewable energy. The bank has allocated one billion euros obtained from wholesale markets to finance renewable energy and sustainable transportation projects, according to the first bond monitoring report the BBVA Group recently published.
BBVA recently held the ninth edition of its 'BBVA Latin America Conference' in New York. The annual event gathered private and public debt issuers from Latin America and investors from North America to explore new joint business opportunities in the region. The political and economic situation as well as the impact of the elections, especially in Mexico and Argentina, were two of the main topics covered during the conference.
During today’s first-quarter earnings presentation to analysts and journalists, BBVA CEO Onur Genç underscored the strength of BBVA's diversified business, which has allowed the company to grow its operating income by 10 percent yoy, in constant euros. “Diversification helps markets balance each other. BBVA’s power lies in its diversified model," he explained.
Türkiye Garanti Bankası A.Ş., announced its financial statements for the period ending March 31, 2019. Garanti’s net income in the first quarter of the year stood at TL 1.76 billion while its total assets increased to TL 423,32 billion, driven mainly by Turkish Lira loans.
These are the ratios that show up the financial position of a bank. This is a disclosure of BBVA’s ratios calculated as of March 2018.
Between January and March 2019, the BBVA Group earned €1.16 billion, down 9.8 percent compared to the same period a year earlier and up 16.2 percent from the previous quarter, at current exchange rates. Excluding BBVA Chile’s Q1-18 earnings from the comparison (the unit was sold in July 2018), the result was 7.7 percent lower (-6.0 percent in constant euros) versus a year ago.