Banco Bilbao Vizcaya Argentaria announced that it recorded the largest recurring profits in its history, exceeding expectations, thanks to higher revenues and lower forecasts. The Spanish bank announced a net profit of 1.65 billion euros, an increase of 36% compared to 1.21 billion euros a year ago. Analysts expected BBVA to announce profits of 1.24 […]
Tag: BBVA
BBVA: Agreed on the acquisition of an additional 21.7% stake in Neon Payments
The Spanish BBVA announced that it has agreed to acquire an additional 21.7% stake in Neon Payments, for $ 300 million, after its participation in the share capital increase. Following the completion of the AMK, BBVA will directly and indirectly control 29.7% of Neon Payments, which is based in the United Kingdom and controls 100% […]
BBVA: Profits rose in the quarter, more than expected
Banco Bilbao Vizcaya ArgentarÃa earnings for the fourth quarter rose more than expected as revenue strengthened and forecasts fell. The Spanish bank announced a net profit of 1.34 billion euros compared to 1.32 billion euros a year ago. Analysts had expected profits of 1.04 billion euros, according to convergent estimates. The BBVA announced that net […]
BBVA: It plans to distribute a dividend of over 7 billion euros for 2021 and 2022
Banco Bilbao Vizcaya Argentaria plans to distribute a dividend of over 7 billion Euros to shareholders for 2021 and 2022, announced the CEO of the company. The Spanish bank plans to distribute the amount, equivalent to 20% of its capitalization, through a € 3.5 billion repurchase program launched last year, and in two-year dividends, said […]
BBVA suffers on the stock market due to the collapse of the lira and the risk of its exposure in Turkey
The turbulences of the Turkish lira again take their toll on BBVA in a bag. The entity’s shares lost more than 5% at this start of the week, dragged down by the Turkish currency crash after the dismissal of the governor of the Central Bank of that country, Naci Agbal, and lead the falls in […]
The Central Bank Of Turkey Spreads Volatility To Its Economy: Three Governors In Two Years
“A truly idiotic decision.” With such forcefulness, the prestigious analyst of Bluebay Asset Management, Timothy Ash, described the sudden dismissal of the third Governor of the Central Bank of the Republic of Turkey in just two years. It was signed by the president Recep Tayyip Erdogan last Saturday morning, with the coverage of the night […]
The Bank Of Spain Warns That Entities Are Facing A New Increase In Bankruptcies And Requests Aid Only For Viable Companies
The Bank of Spain warns that the balance sheet clean-up process that financial institutions have carried out in recent years has come to a halt as a result of the pandemic. Doubtful or failed loans that banks must prevent with provisions that allow absorbing their impact are once again one of the greatest risks to […]
Banks start the ‘green’ race to decarbonise 12,000 million euros of their balance sheet before 2030
Banks have started the great race towards the decarbonization of their balance sheets to adapt to the objectives of the fight against climate change and reduce their exposure and risk to the sectors and companies that postulate themselves as big losers of the great ‘green’ revolution . In the last two weeks, Santander and BBVA […]
Bernanke, Gertler, Kiyotaki and Moore receive the Frontiers of Knowledge award
The BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Business Management has been awarded to Ben Bernanke, Mark Gertler, Nobuhiro Kiyotaki y John Moore “for their fundamental contributions to understanding how imperfections in financial markets can amplify macroeconomic fluctuations and generate deep recessions,” according to the minutes of the thirteenth edition of the […]
BBVA prepares an ERE for 3,000 employees in Spain
BBVA prepares an ERE with which it plans to cut 3,000 jobs in Spain, which would represent 10% of its workforce. The bank wants to carry out an adjustment plan in the first half of the year to reduce its costs. The group had already opened the door to this possibility at the end of […]