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Sustainability

Sustainability

BBVA Chair Carlos Torres Vila claimed “Education is a revolutionary force; it is the engine of opportunity and a foundation for equality” at a 'Aprendemos juntos 2030' (Learning Together 2030) event for a live audience, held today in Madrid. Carlos Torres Vila announced an international tour for this BBVA educational program, set to visit Barcelona, Mexico City, Buenos Aires, Bogotá, Lima, and Montevideo in 2025.

For the first time this year, Garanti BBVA has secured a syndicated loan aligned with the Sustainable Debt Financing Framework. The loan is part of the bank’s international borrowing program and has a maturity of 367 days. The loan consists of two tranches, $244 million, and €162.4 million, with 43 banks participating. The loan was fully renewed, with costs set at SOFR + 1.75 percent, and Euribor +1.5 percent, respectively.

BBVA is to donate €4 million to the Spanish Red Cross to help those affected by the DANA in Spain. This donation will be aimed, initially, at covering the most immediate needs and subsequently at contributing to the recovery of the thousands of people who have been affected. This initiative is in addition to a series of emergency measures implemented by BBVA last week, including a donation campaign among customers and employees via Bizum, which has raised over €3 million to date.