BBVA has joined a new public-private alliance led by the European Investment Bank Group (EIB Group) aimed at channeling more than €10 billion into European technology companies in their scale-up phase. The initiative, which brings together seven European Union Member States and fourteen institutional investors, aims to mobilize up to €80 billion in total investment to help innovative European companies grow and compete globally.

Antonio Bravo, Global Head of AI Transformation at BBVA, spoke at two events in London organized by Bloomberg and the Financial Times, outlining the key elements of BBVA’s strategy to deploy artificial intelligence across the organization and bring its benefits to customers. After more than a year developing agents, and with AI tools now available across the organization, BBVA is moving toward a new model for scaling the technology safely and with robust governance and controls. “We are already rolling out our first AI solutions, and the pace of launches will accelerate even further next year,” Bravo said.

BBVA Chair Carlos Torres Vila announced at COP31, taking place in Antalya (Türkiye), that the bank “has channeled nearly €60 billion in sustainable business activity linked to electrification from January 2025 to September 2026.” This figure represents around 24% of the €254 billion channeled by BBVA in sustainable business over the same period, he noted during a panel discussion with Fatih Birol, Executive Director of the International Energy Agency (IEA), and Lei Zhang, founder and CEO of Envision.

BBVA and Garanti BBVA welcomed representatives from various industries to their joint pavilion on the summit’s second day for discussions on energy and transportation. The sessions underlined the need to develop financing, technology and infrastructure together to accelerate investment in the transition.

BBVA placed €1,000 million in a contingent convertible bond (AT1) on Tuesday, with demand reaching as high as €8,250 million. The bond is perpetual but has a call window in October 2034. The coupon was set at 6.5%, significantly below the initial price guidance of 7.125%. The coupon is fixed, although if the bond is not redeemed on the specified date, it will become floating, linked to the five-year mid-swap rate plus a spread to be determined. The joint bookrunners were Barclays, BBVA, Bank of America, Citi, Deutsche Bank and Natixis.

Moving from ambition to action on climate change is possible. Ahead of COP31, BBVA has taken on this effort around six major challenges related to some of the themes of the Climate Summit Presidency’s Agenda for Action: financing electrification and sustainable infrastructure at scale; making clean technologies (‘cleantech’) financeable; supporting sustainability throughout the value chain; promoting the resilience, conservation and regeneration of natural capital; fostering inclusive sustainability; and contributing to a sustainable financial system.

BBVA Group will participate as a global bank in COP31, to be held in Antalya (Türkiye) from November 9 to 20, with an agenda focused on mobilizing finance to move from climate ambition and targets to action and implementation. BBVA and Garanti BBVA have organized more than 60 sessions to analyze investment opportunities and financial solutions that can contribute to the development of energy transition, industrial decarbonization, climate resilience, and nature protection projects.

BBVA has been named Best Private Bank in Colombia, Mexico and Peru at the 2026 Global Private Banking Awards, organised by Professional Wealth Management (PWM) and The Banker, both publications of the Financial Times Group.

Since its launch in 2022, BBVA Spark has committed €1.5 billion in financing to innovative, high-growth tech companies and serves more than 2,000 companies. Santiago Muguruza, Head of BBVA Spark, highlighted these figures at the opening of the fourth BBVA Spark Summit, held in Barcelona and attended by more than 300 representatives of the entrepreneurial and investor ecosystem. “We believe that Europe has the talent and ambition needed to create global technology leaders, and we want to play a bigger role in helping them grow,” Muguruza said in his speech.

The climate transition poses not only the challenge of reducing emissions, but also that of adapting jobs, preparing young people for new opportunities and facilitating access to entrepreneurship. These social challenges will be addressed at COP31, where BBVA, the summit’s global bank, will hold three meetings on a just transition, climate education and green entrepreneurship.

Electrification is the process of replacing technologies and activities that directly use fossil fuels with electric alternatives. It is key to the energy transition because it can make us more energy-efficient and reduce emissions, particularly when electricity comes from renewable sources.

Garanti BBVA has decided to launch a share buyback program for a maximum period of three years, reflecting its confidence in its strong financial position and long-term value creation potential. Under the program, the Bank plans to repurchase the shares up to nominal value of 85 million TL and allocate a maximum of TL 11 billion for these transactions.

BBVA has today placed CHF 390 million (€425 million) of a senior preferred green bond in the Swiss market, divided into two tranches: one maturing in four years (2030) and the other in seven years (2033). In the first tranche, the bank placed CHF 205 million (€223 million) at a price of SARON mid-swap + 78 basis points and a coupon of 1.305%. In the second tranche, it placed CHF 185 million (€202 million) at a price of SARON mid-swap + 93 basis points and a coupon of 1.5375%. UBS and Commerzbank acted as joint bookrunners.

COP31 opens in Antalya, Türkiye, on November 9 with a major challenge: turning years of climate commitments into concrete action. Electrification, finance, adaptation and resilience will shape a summit aimed at closing the gap between ambition and action on the ground.

BBVA channeled €120 billion into sustainable business between January and September 2026 (up 27 percent over the same period last year). Spain accounted for approximately €38 billion of this amount. These figures include financing and other solutions that help its clients address the energy transition, improve the efficiency of resource use and tackle social challenges.

BBVA customers in Italy can now stay connected wherever they travel by purchasing mobile data plans directly through BBVA’s app, bringing banking, payments and global connectivity together in one place. The service, launched through an agreement between BBVA and Gigs, represents another step in BBVA’s plan to broaden its range of products beyond financial services. The eSIM service has launched first in Italy with the possibility of future market expansion.

The Group’s wholesale banking division closed September with strong performance, driven by a 21% year-on-year increase in revenues (at constant euros, excluding the accounting impact of the hyperinflation adjustment). All business units contributed to this performance, posting double-digit growth: Global Markets (GM), +18%; Global Transaction Banking (GTB), +21%; and Investment Banking & Finance (IB&F), +34%. Loan book increased by 32% compared with December 2025, with significant contributions from Project Finance and Corporate Lending in Asia and the United States, as well as from the transaction banking business. Meanwhile, attributable profit reached €1.044 billion in the third quarter and stood at €3.082 billion at the end of September 2026, representing a year-on-year increase of 19% at constant euros.

BBVA reported a net attributable profit of €9.07 billion for the period from January through September 2026, up 13.6 percent year-over-year (up 11.4 percent in constant euros) driven by strong recurring revenue (net interest income and fees and commissions). Earnings per share grew at a faster pace, rising 17.5 percent following the share buybacks carried out over the past 12 months. The Group maintains a distinctive combination of growth and profitability in Europe: lending increased by 20.4 percent year-over-year in constant euros¹, and ROTE reached 22 percent. The bank also boasts an industry-leading efficiency ratio of 37.9 percent and a strong CET1 capital ratio of 12.21 percent.

BBVA has hired over 10,500 Gen Z professionals worldwide since early 2025. In Spain, the bank is developing various initiatives to improve access to employment and professional development for young people. This strategy that has been recognized by Merco Talento, which names BBVA as the most appealing bank to college students in Spain.

Climate change agreements at United Nations (UN) conferences are negotiated through technical meetings, diplomatic consultations and negotiations among countries. Unlike other international bodies, decisions are not made by majority votes. Instead, they are adopted by consensus by all parties.

Zero waste is a movement that advocates a production and consumption model designed to prevent waste through reduction, reuse, repair, recycling and composting. The aim is to make the most of resources.

Nationally determined contributions (NDCs) are the commitments each country sets to reduce its greenhouse gas (GHG) emissions and adapt to climate change. The Paris Agreement establishes a transparency framework and a stocktake of progress every five years.

Garanti BBVA is supporting Vezirhan Çimento’s low-carbon transition investments with financing and sustainability advisory services. The sustainability-linked loan covers three investments targeting production efficiency, waste heat recovery, and alternative fuel use.

BBVA has surpassed one million customers in Italy as it marks five years since entering the country's retail banking market. This milestone confirms the strong reception of its 100% digital banking model, where the key goal is to become the primary bank for Italian customers, as BBVA Chair Carlos Torres Vila highlighted during his visit to celebrate the anniversary. BBVA is reaffirming its long-term commitment to the Italian market, where it also has a significant Corporate and Investment Banking (CIB) business, supporting Italian companies in their growth and international expansion plans.

In the photo: Walter Rizzi, Head of Digital Banking at BBVA Italy; Carlos Torres, Chair of BBVA; Alberto Maroni, Head of BBVA CIB Italy; and Murat Kalkan, Global Head of Digital Banks at BBVA, yesterday during the BBVA Chair’s visit to Italy.

BBVA has announced plans to work with NVIDIA to explore the potential of the OpenShell Reference Architecture, unveiled by NVIDIA at its GTC Berlin conference, to enable new approaches to AI agent safety, security and governance. The collaboration is part of the bank’s strategy to scale the use of AI agents across the organization while maintaining oversight and control.

Innovation and the ability to anticipate change are central to BBVA’s identity and have shaped its evolution over the years. This year, the bank dedicated its Values Day to exploring how employees can harness the opportunities offered by artificial intelligence (AI) to reinvent how they work, guided by BBVA’s corporate values. The event brought together employees from around the world to share perspectives and explore new ways to collaborate, make decisions, and deliver greater value to clients.