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Cleantech
BBVA and Malta Inc. sign agreement to advance collaboration on energy storage project in Iberia
BBVA and Malta Inc. (“Malta”), a pioneering company in electro-thermal long-duration energy storage solutions, whose corporate goals align with the advancement of decarbonization using innovative cleantech, have signed a Memorandum of Understanding (MOU). This agreement lays the groundwork for a strategic partnership aimed at developing innovative financial solutions to support the deployment in the Iberian Peninsula of Malta’s first-of-a-kind (FOAK) energy storage project. It´s a pioneering cleantech collaboration announced at Breakthrough Energy Summit in London
Garanti BBVA
Seray İmer (Garanti BBVA): “A bank’s transformative power comes from the funding it provides”
Seray İmer, Head of Sustainability at Garanti BBVA, recently took part in a ‘Sustainable Future’ show on Bloomberg HT TV, where she outlined Garanti BBVA’s key commitments and targets for a less polluted world.
25 Jun 2024
Garanti BBVA received 10 different awards at the EMEA Finance Achievement and Project Finance Awards. EMEA Finance is one of the leading financial publications in Europe, the Middle East and Africa.
21 Jun 2024
Audio
We traveled to Monterrey in Mexico to talk to Nemak, a leader in lightweighting solutions for the global automotive industry and the growth of sustainable mobility.
Science and technology
The BBVA Frontiers Awards recognize the value of knowledge to tackle the challenges of our time
The President of the BBVA Foundation, Carlos Torres Vila, championed the power of knowledge during the ceremony for the 16th BBVA Foundation Frontiers of Knowledge Awards. Knowledge is the key to solving the problems we are experiencing as a society, at a moment when humanity is going through an unprecedented wave of disruption and faces the challenges of climate change, he said.
20 Jun 2024
Cleantech
Javier Rodríguez Soler: “BBVA is a great ally for Spanish companies as they take on their sustainable transition and international expansion”
“BBVA is a great ally for Spanish companies as they take on their sustainable transition and international expansion,” remarked Javier Rodríguez Soler, Global Head of Sustainability and CIB at BBVA. His presentation was part of the 41st Seminar organized by Spanish financial press association APIE and titled ‘The role of businesses in the new economy’, being held in Santander. “At BBVA, we support and accompany our clients, and not only multinational firms, but also those companies that need more specific advice to help them continue to grow,” he said.
Banking
EIB Group and BBVA unlock €800 million to support energy transition and Spanish small and medium-sized enterprises
The EIB Group (European Investment Bank and European Investment Fund) has invested €377 million in the ¨BBVA Consumer 2024-1¨ securitisation fund. This investment will enable BBVA to channel nearly €800 million into the real economy to finance energy efficiency projects and new mortgages for highly energy-efficient homes. The operation also includes financing for projects to boost the competitiveness of small and medium-sized enterprises (SMEs) and mid-caps in Spain.
19 Jun 2024
Digital banking
BBVA meets its growth targets in Spain and will expand its digital banking model to Germany
This Wednesday, BBVA Spain Country Manager Peio Belausteguigoitia underscored that Spain is meeting its growth targets, including adding 3.6 million new customers in Spain and boosting its main lines of business, such as the corporate banking segment. His presentation took place at a summer course held at the Menéndez Pelayo International University, and was organized by the financial press association APIE and BBVA. BBVA also had a strong performance in Italy, where the bank has now reached 500,000 customers. The success of this digital banking model has led BBVA to consider expanding to other countries in Europe, with the focus currently on Germany.
BBVA has completed the sale of a portfolio of unsecured non-performing loans valued at approximately €270 million. This transaction is expected to positively impact the bank's non-performing loan (NPL) ratio in Spain, which was 4.11 percent at the close of the first quarter of 2024.
17 Jun 2024
Financial system
Carlos Torres Vila: “BBVA’s transaction with Sabadell represents a clear commitment to SMEs”
BBVA Chair Carlos Torres Vila and Spanish Minister of the Economy Carlos Cuerpo launched the 41st edition of the APIE Seminar in Santander, Spain on Monday. The event focuses on the role of companies in the new economy. In his presentation Torres Vila emphasized BBVA's support for Spanish businesses, particularly SMEs, which he identified as key drivers of the country’s growth and development. Specifically, he said, “our view of the importance of SMEs is one of the reasons for the offer we presented to Banco Sabadell shareholders a little over a month ago,” as the bank holds a strong position in this segment. “The transaction represents a clear commitment to SMEs, and will further reinforce our commitment to this kind of businesses,” Torres Vila stated.
14 Jun 2024
Garanti BBVA announced the renewal of its sustainable syndicated loan. The bank plans to use the loan to finance foreign trade, for general corporate purposes, and to further its commitment to finance investments that support the transition to a low carbon economy. Indexed to sustainable criteria, Garanti BBVA was the first bank in the world to launch a syndicated sustainable loan in 2020.
13 Jun 2024
Corporate information
Carlos Torres Vila (BBVA): “We have great confidence in Türkiye’s long-term potential”
The Spanish Prime Minister, Pedro Sánchez; the President of Türkiye, Recep Tayyip Erdoğan; and Carlos Torres Vila, Chair of BBVA and Co-Chairman of the Spanish-Turkish Business Council, opened the Spain -Türkiye Business Meeting, which was held on Thursday at Ciudad BBVA in Madrid.
Garanti BBVA now offers end-to-end online loans for 40 automotive brands. In July 2023, the bank became the first to offer this service, starting with two brands. The loans for zero-kilometer vehicles are available for the bank’s corporate clients, small businesses and self-employed on the Garanti BBVA Mobile app and website.
12 Jun 2024
Garanti BBVA
Garanti BBVA Mobile introduces 'My Vehicle' feature to consolidate all vehicle-related needs
Garanti BBVA continues to enhance its offerings, simplifying life for customers by integrating vehicle-related products and services into a single platform with the "My Vehicle" feature on Garanti BBVA Mobile, the most widely used banking app in Türkiye. Customers can add their license plate information to Garanti BBVA Mobile to track all transactions, expenditures, and campaigns related to their vehicles in one place.
11 Jun 2024
Blockchain
Garanti BBVA Digital Assets now offers crypto custody to all customers on its Garanti BBVA Crypto mobile platform
Garanti BBVA Digital Assets, the first initiative of Garanti BBVA Financial Technologies Inc., is now offering crypto wallet service on its mobile platform. This marks the first time in Turkey that a bank subsidiary has developed and implemented a crypto currencies wallet with its own resources. Garanti BBVA Digital Assets now allows customers to transfer and store bitcoin (BTC), Etherum (ETH) and USD coin (USDC) assets on its mobile platform, Garanti BBVA Crypto.
10 Jun 2024
Video
Corporate information
Carlos Torres Vila tells BBVA shareholders that the transaction with Banco Sabadell represents “clear value creation”
On July 5th, BBVA will hold an extraordinary shareholders’ meeting to approve a capital increase and thus move ahead with the process to purchase Banco Sabadell. BBVA Chair Carlos Torres Vila spoke to the bank’s shareholders in this video, in which he reminded them that this capital increase will not require them to make any disbursements. Furthermore, he stressed that “the combination of both banks will strengthen our position and scale in the Spanish market, giving us greater efficiency and profitability.” In his message, he emphasized that the operation “represents clear value creation” for the shareholders of BBVA and Sabadell, but also for customers, employees and society as a whole.
07 Jun 2024
Questions and answers about the offer to Banco Sabadell shareholders.
05 Jun 2024
The BBVA CEO indicated this Wednesday that creating value is the bank’s main priority and guides the way in which BBVA manages its business. At an investors conference organized by Goldman Sachs in Madrid, Onur Genç said that BBVA’s commitment to optimal capital allocation is what distinguishes the bank from its peers in the markets where it operates.
Koray Öztopçu
Garanti BBVA Consumer Finance director
04 Jun 2024
BBVA will issue a total amount of $50 million and the resources will be used to finance projects focusing on reforestation, the regeneration of natural forests on degraded land, mangrove conservation or restoration, climate-smart agriculture, and wildlife habitat restoration, among others.
BBVA tapped the market today with a euro-denominated contingent convertible (known as a CoCo or AT1) bond, attracting demand of €3.5 billion. The issue price was set at 6.875 percent, well below the 7.375 percent starting price.
03 Jun 2024
BBVA has received the 'Alcance 3.0' award for the 'Best Comprehensive Scope 3 Emissions Reduction Strategy'. This award, presented by the CPOnet Group, recognizes the efforts of organizations that help reduce emissions in their value chain: suppliers, customers, employees, partners, shareholders and society.
Garanti BBVA’s mobile platform for cryptocurrencies now offers Avalanche c-chain support for AVAX coins, an asset in high demand in Türkiye.
01 Jun 2024
The challenge of diversity is one of the key transformation pillars for any company. In the case of BBVA, ensuring a diverse workplace, in the broadest sense of the term, allows the company to better address the needs of its diverse customer base and offer a more comprehensive service.
31 May 2024
Corporate information
BBVA convenes a shareholders’ meeting to increase capital, thus moving forward with Banco Sabadell’s offer
BBVA has convened an Extraordinary Shareholders’ Meeting on July 5th¹ at the Euskalduna Conference Center in Bilbao. The bank is proposing to its shareholders the capital increase needed to proceed with the share exchange with Banco Sabadell. This capital increase will consist of issuing new BBVA shares that will be given to Banco Sabadell shareholders who take up the offer. BBVA shareholders are not required to make any disbursements.
30 May 2024
BBVA Sustainability Projects
BBVA publishes intermediate emission reduction targets for the real estate and aluminum sectors
BBVA is expanding its intermediate emission reduction targets for 2030 to two new sectors: the real estate sector in Spain and the global aluminum industry. They join the list of targets for eight emission-intensive sectors previously set by the bank (oil & gas; power generation; automobile; steel; cement; coal; aviation and shipping).
BBVA's decarbonization targets: What do they mean and what is their scope?
29 May 2024
BBVA tapped the market this Wednesday with a €1.75 billion senior preferred debt issue, structured in two tranches. Demand was double the final placement, with orders reaching €3.5 billion. The first tranche, with a three-year maturity (June 2027), closed at a rate of three-month Euribor +45 basis points (versus an initial price of three-month Euribor +70 to 75 basis points). The second tranche, with a six-year maturity (June 2030), closed at the mid-swap rate + 75 basis points, versus an initial price of mid-swap + 100 basis points.
28 May 2024
A takeover bid happens when an investor or a group of investors offers to buy shares from all the shareholders of a listed company. They usually offer a specific price for these shares or other securities that give them an ownership stake in the company.
27 May 2024
Wind turbines in hard-to-reach areas or solar panels located in large semi-desert regions. How do we monitor these facilities without having to move human teams to remote areas?
Financial and economic wellness
Social media and the economy: what Generation Z talks about when they talk about money
Social media is shaping the financial behaviors of what is known as Generation Z, those born between the mid-1990s and the 2010s. New trends are becoming popular to the rhythm of TikTok. The latest philosophy adapts to the current financial uncertainty, and brings new terms we need to learn to know what young people are talking about when they talk about money.