2021, the year BBVA presents its long-term plan to grow and reward its shareholders
2021 was a year full of relevant milestones for BBVA. The bank closed the sale of its U.S. unit and launched operations in Italy with a fully digital offering. It also increased shareholder distributions and launched one of the largest share buybacks in Europe.
In November, it announced a set of ambitious targets through 2024, prioritizing profitable growth and shareholder value creation. All this without losing sight of the two major disruptive forces that society is facing: digitization and sustainability.
Through September 2021, BBVA added over 2.5 million new customers through its mobile app and websites. It also promoted sustainability to the highest level of the organization, doubled its sustainable finance pledge through 2025 and announced intermediate portfolio decarbonization targets in carbon-intensive industries, to name a few.