The IRPH is the acronym for Index of Reference of Mortgage Loans. It is an indicator of interest rates on mortgage loans and is prepared from the Bank of Spain. This has been operating since 1994 and is officially called Average rate of mortgage loans over three years for the purchase of free housing. […]
Tag: BBVA
The banks anticipate negative rates until 2031 and ask the Government to be cautious when withdrawing stimuli to avoid a “cliff effect”
The quicksand in which Spanish banking moves can be longer than the managers of the sector planned. To the consequences of the current economic crisis, such as low credit demand and the expected increase in delinquency, is a negative interest rate scenario that could be extended until 2031. Financial markets expect the Euribor to remain […]
The end of physical cards? BBVA launches ‘Aqua’ to lead the digital revolution in payments due to the pandemic
Under the name of ‘Aqua’, the entity that presides Carlos Torres launches a new card format without a number, expiration date or CVV focused on mobile payments. It will be digital, although with the possibility of making it physical at no cost using recycled plastics, and it will entail verification of payments through the […]
