Cenyt Case
The Spanish judicial authorities have investigated the activities of Centro Exclusivo de Negocios y Transacciones, S.L. (“Cenyt”). This investigation has included the services provided by Cenyt to the bank (piece number 9 of the case known as ‘Tándem’, opened in December 2018). The investigation phase of this piece ended on January 29, 2024. On June 20, 2024, the Judge has issued an order agreeing to the opening of an abbreviated procedure against the bank and against certain current and former executives and employees of the bank, as well as certain former directors. This decision is not final and can be appealed. BBVA’s priority has always been to fully cooperate with the judicial authorities in clarifying the facts, having made available all relevant documents obtained in the internal investigation ordered by the bank in 2019. BBVA has always claimed and continues to claim that the entity bears no criminal responsibility for the facts under investigation. Until now, this case has not had an impact on the bank’s business, on its reputation or the stock performance. In the future, BBVA will continue to act with full determination and diligence under the direct leadership of the Board of Directors, whose members have no connection whatsoever with the case.
OCTOBER 31, 2023
“We welcome the decision by the courts to rule that the judicial investigation can not go beyond January 2024”
BBVA CEO Onur Genç said on Tuesday during the press conference on 3Q23 earnings, “We welcome the decision by the Spanish High Court to rule that the judicial investigation cannot go beyond January 24, 2024.”
MARCH 23, 2021
The information provided by the Police had already been made available by BBVA to the Judge and the Public Prosecutor’s Office
The report from the Spanish National Police’s Unit of Internal Affairs (UAI, in Spanish) does not provide information that had not already been made available by BBVA to the Judge and the Public Prosecutor’s Office. This, therefore, confirms the rigour and objectivity of BBVA’s investigation, as well as its full cooperation with the judicial authorities.
OCTOBER 21, 2020
BBVA welcomes the new judicial resolution
Spanish High Court’s judge Manuel García-Castellón underlines that BBVA has contributed all relevant results for the preliminary investigation, accepts the bank’s offer to make documents available, and dismisses all requests from other parties.
JULY 30, 2020
During the press conference to present 2Q20 earnings, Onur Genç said that "there are no major updates vs. what we said at the March AGM” and said that “we have repeatedly offered and made available to the judge all the documents and all the data gathered in case any further investigation is to be carried out.”
