In 2025, 99 percent of BBVA’s global electricity consumption came from renewable sources, and the bank has set a new target to reach 100 percent shortly. Since 2019, the bank has reduced scope 1 and 2 CO₂ emissions¹ by 83 percent and cut per-employee electricity consumption by 22 percent, energy consumption by 19 percent, water consumption by 36 percent, paper consumption by 44 percent and net waste by 33 percent. Furthermore, environmentally certified floor space reached 62 percent, far surpassing the 45 percent target set in the Global Eco-efficiency Plan.

¹Scope 1 and 2: BBVA's direct and indirect emissions, excluding those of our clients.

Fitch Ratings has upgraded BBVA’s long-term issuer default rating by one notch from A- to A. This upgrade is due to a methodological change under which the agency now uses senior preferred debt, instead of senior non-preferred debt, as the reference for this rating.

BBVA has announced its participation as a founding partner in the OpenAI Deployment Company, the new company launched by OpenAI, together with 18 leading investment firms, consultancies and system integrators. With a total investment of more than $4 billion, the OpenAI Deployment Company will provide services to facilitate the deployment of artificial intelligence across enterprise organizations.

Garanti BBVA’s AI journey, launched in 2016, has evolved into Ugi, which today handles more than 6.4 million monthly interactions on average, has 1.6 million active users, and supports more than 300 end-to-end banking transactions. With the integration of generative AI, Ugi can now understand 90% of user requests. Over the past year, nearly 50% of mobile banking customers interacted with Ugi at least once, while the system delivered proactive solutions through 780,000 instant notifications per month.

Transition finance refers to instruments designed to fund the gradual reduction of emissions in industrial sectors that are hard to abate (i.e. difficult to decarbonize). Supporting the transformation of “hard-to-abate” industries through this type of financing is essential to advancing toward a low-carbon economy.

BBVA has received The Banker’s award for Best Technology Bank in Western Europe, along with Best Bank-Fintech Partnership for its strategic agreement with OpenAI. These accolades from the Financial Times Group publication are a testament to the progress made in its artificial intelligence (AI) strategy, the launch of its new app, and its digital model for entering new markets such as Germany.

At the opening of the 2026 National Meeting of Regional Advisors (RNCR) in Mexico City, BBVA’s Chair, Carlos Torres Vila stated that “the country’s medium-term outlook is favourable, driven by initiatives such as Plan Mexico,” and recalled that the Group has a 100-billion-peso (nearly €4.8 billion) investment plan underway in the country for the 2025–2030 period, “an investment focused on innovation, infrastructure and people, because we believe in Mexico.” Meanwhile, Eduardo Osuna, Vice Chair and CEO of BBVA Mexico, emphasized that there are signs of economic recovery in 2026 but warned that it is necessary to boost private investment. To this end, “the conditions that reduce uncertainty around investment decisions are starting to materialize,” he added.

BBVA channeled €36 billion into sustainable business in the first quarter of 2026, an increase of 33 percent over the same period in the previous year. Of this amount, €12.6 billion came from Spain. This activity allows the bank’s clients to gain access to financing and solutions for the energy transition, efficient resource use and social challenges. With this achievement, the bank has reached a total of €170 billion toward its €700 billion target for the 2025 – 2029 period.

Iain McGilchrist is a psychiatrist, neuroscientist and philosopher specialising in the brain hemispheres and their influence on the human body, well-being, and social and cultural change.

Artificial intelligence (AI) is already one of the main drivers of transformation in the financial sector and BBVA has been looking closely at how people incorporate it into their work. Training, new internal roles that promote its uptake, and a culture that encourages experimentation are some of the pillars of a strategy aimed at transforming how work is done across the organization.

BBVA has today placed $2.25 billion in a dual-tranche US dollar issuance: $1.0 billion in a contingent convertible bond (AT1 or ‘CoCo’) and $1.25 billion in a senior non-preferred (SNP) bond. Demand reached $11.0 billion, nearly five times the offer, representing the largest order book for a BBVA issuance in the past five years.

BBVA’s Corporate & Investment Banking (CIB) area posted revenues of €2.185 billion in the first quarter of 2026, up 24% compared to the same period in 2025 (at constant euros, excluding the accounting impact of the hyperinflation adjustment). All business units contributed to this performance, with double-digit year-on-year growth reflecting the strength and diversification of the area: Global Markets (GM), +31%; Global Transaction Banking (GTB), +17%; and Investment Banking & Finance (IB&F), +47%. Loan book also showed strong momentum, increasing by 9% compared to December 2025. This growth was driven by both IB&F, with particularly strong performance in Project Finance and Corporate Lending, especially in Europe and the United States; and GTB. In addition, attributable profit exceeded €1 billion for the first time in a quarter, reaching €1.083 billion (+24% year-on-year at constant euros, +18% year-on-year in current euros).

The financial institution is ranked as the best bank to work for in Spain according to LinkedIn and holds second place in the overall ranking of companies with more than 5,000 employees. BBVA reinforces its positioning as one of the best places to build a professional career, in an environment defined by innovation, continuous learning and real impact.

Garanti BBVA has been recognized in two categories at the Environmental Finance Sustainable Debt Awards 2026 for Türkiye’s first biodiversity-themed bond issuance. The bond channels funding toward the protection of marine and freshwater ecosystems and introduces an innovative financing model in the sustainable debt markets.

BBVA supported Bladex in its latest local market debt issuance. Since 2012, the bank has placed more than MXN 49 billion across 17 long-term issuances in Mexico, thereby consolidating its position as a recognised and repeat issuer in the market.

BBVA channeled €30 billion into sustainable business for social activities in 2025, 52% more than in 2024, accelerating its growth rate. Activity was distributed across financing for entrepreneurs and microbusinesses, financing for the construction of social infrastructure, products for financial inclusion, social bond placements, loans linked to social indicators, and financing for clients whose activities generate a social impact.

Promoting a value and capital creation mindset is one of BBVA’s six new priorities under its 2025–2029 Strategic Plan. According to Luisa Gómez Bravo, BBVA’s Chief Financial Officer, “This strategic priority is about changing the way we think, generating capital and value before making each decision.” It also incorporates a long-term perspective, ensuring that growth is profitable and sustainable over time.

BBVA has executed two synthetic securitisation transactions, referenced to a residential mortgage portfolio with a combined value of around €3 billion. The transactions allows the bank to release close to 60% of the initial regulatory capital associated with the portfolio, increasing its capacity to continue financing its clients.

The new digital tool offers personalized model portfolios based on each investor’s risk profile and time horizon, making the investment process faster, clearer, and more straightforward.

This innovative AI-powered tool provides the bank’s commercial team access to detailed geospatial information in real time. The goal: to turn complex data into personalized financial solutions for producers.

Harvard Business Review has identified BBVA as an example of how expanding access to generative AI tools can channel internal demand, transforming it into a driver of innovation. All Group employees currently have access to generative AI tools, including those in the commercial network, and over half of them use these tools on a weekly basis.

BBVA’s Milan and São Paulo offices have earned the international LEED Gold certification for sustainable construction. This recognition confirms both spaces’ high environmental performance and their contribution to a more sustainable, efficient and people-centered work model.

BBVA’s Blue assistant, its new app known as Futura, and seven other AI-driven solutions from the Group have been recognized among the most innovative initiatives at The Innovators 2026 awards run by Global Finance. The publication also singled out Garanti BBVA Partners and AI Factory as leading financial innovation labs.

Garanti BBVA has signed memorandums of understanding (MoU) with Bilkent Cyberpark, İTÜ ARI Teknokent, and ODTÜ Teknokent to connect technology startups with financial expertise, mentorship, and global networks. The partnerships will offer entrepreneurs multilayered support—from financial literacy training and acceleration programs to tailored banking solutions.

Germany is rapidly becoming one of the bank’s most important strategic growth markets in Europe. Since the launch of its digital retail bank in June 2025, BBVA has surpassed a six-figure customer base. Notably 90% of these customers have “activated, funded their accounts, and are actively using them,” Murat Kalkan, BBVA’s Global Head of Digital Banks, said today at FIBE in Berlin. That strong early confidence is further underscored by the fact that 23% (as of early 2026) of BBVA’s customers in Germany hold more than €100,000 with the bank. Kalkan emphasized that  BBVA’s ambition is to become a genuine primary banking alternative for German customers.

As of April 14, 2026, BBVA will be required to maintain a buffer of 23.94 percent of the total risk-weighted assets (RWAs) for its European resolution group. With an MREL ratio of 28.89 percent at the end of December 2025, the bank is already well above this threshold and also meets the additional requirements for subordination and capital buffers.