BBVA

Spanish economy 15th November 2021

With The Turkish Lira At Historic Lows, BBVA Launches A €2.25 billion Takeover Bid For The 51% Stake In Turkey’s Garanti It Does Not Control

BBVA, which currently holds 49.85% of the capital of Turkish bank Garanti has agreed to launch a voluntary takeover bid for the remaining 50.15% it does not hold. BBVA is offering Garanti’s shareholders 12.20 Turkish Liras in cash for each share of the Company. This is a 15% premium to the 10.58 Turkish lira at which the bank’s shares were trading on Friday 12 November. The maximum amount to be…

Spanish economy 30th October 2021

BBVA Beats Expectations In Q3 2021; Receives ECB Approval To Start Its Share Buyback Programme For Up To 10% Of Capital

According to analysts, the most important aspect of the results is the favourable evolution of Ordinary Net Attributable Profit and the capital surplus, the main catalyst for the share price in Q4 2021. Key figures for 9M 2021 compared to consensus expectations (Bloomberg): Net Interest Income: €10.708bn (-3.7% vs -8.0% in H1 2021 vs €10.567bn e); Gross Margin: €15.589bn (-0.2% vs -3.6% in 6M 2021 vs €15. 530 bn e);…

European economy 2nd September 2021

BBVA Returns To The Euro Stoxx 50 One Year Later

BBVA and Stellantis have been added to the Euro Stoxx 50, replacing Amadeus and Engie. These changes will be effective at the opening of trading on 20 September. According to Bankinter analysts, “BBVA and Stellantis should rebound today, despite the fact that the session will probably be somewhat bearish, while Amadeus and Engie should fall back. And this same evolution could extend over several sessions. We estimate that some 27…

Spanish economy 4th May 2021

A Santander-BBVA Merger Would Be Lower Risk Than Other European Banking Operations, According To A&M Firm

A hypothetical merger between Banco Santander and BBVA would mean the largest merger in European banking. It would also have a high return on investment and low integration risk, according to the services firm Alvarez & Marsal and reported by Europa Press. In its latest report called ‘The Pulse of European Banking’, the firm has analysed merger and acquisition opportunities amongst the major European banks in terms of investor return,…

Ibex 25th March 2021

BBVA Maintains Its Strategy In Turkey As A Long-Term “Well Positioned” Investor

According to Genç, the main risk for the entity in Turkey does not lie in the recent dismissal of the Turkish Central Bank governor, but in foreign currency operations, something that the entity can handle “without problems” as it is a long-term investor. The main risk for the entity in Turkey does not lie in the recent dismissal of the Turkish Central Bank governor, but in foreign currency operations.

Relevant News Item 16th March 2021

BBVA Announces Some Proposals For Its 2021 Shareholder Remuneration Policy

Banca March | BBVA yesterday partially clarified its dividend policy for 2021 which it will present at its General Shareholders’ Meeting. The bank announced it will consider distributing a cash dividend of up to 35% of the group’s profit for the first half of the year, without taking into account extraordinary items. This dividend would be paid in October and would be conditional on the ECB lifting the 15% restriction on the sector until October.

European economy 3rd February 2021

European Banks’ Dividends Could Reach Up To €11 Bn, Says The ECB

European banks will pay out between €10.5 and 11 Bn in dividends this year, according to “very preliminary” estimates by the European Central Bank, following consultations with the lenders. Spanish Santander, BBVA, CaixaBank and Bankinter have been authorised by the ECB to distribute 15% of their profits in dividends to their shareholders. Sabadell will not remunerate its shareholders so it would not have requested authorisation, while Bankia will do so after merging with CaixaBank, in April or May.

Ibex, Markets 3rd July 2020

BBVA Bets On US Market With The Opening Of 15 New Branches In Texas

These branches, which have already received the relevant opening authorisations, are part of BBVA USA’s five-year strategic plan announced a few months ago. “Although the Covid-19 pandemic has accelerated the migration of operations from branches to digital channels, in the short term and perhaps beyond, the truth is that banking is a people business,” said Larry Franco, head of retail banking for BBVA USA.

Ibex, Markets 24th June 2020

Fitch Lowers BBVA’s Long-Term Senior Debt Rating By One Notch To A –

The main reasons for the downgrade are the economic deterioration in the regions where the bank is present, especially Mexico and Spain. However, it also flags that even after losing a rating notch, BBVA has sufficient financial cushion, geographical diversification and a good competitive position in its reference markets to avoid being affected by new downward revisions in the short term.

Ibex, Markets 31st January 2020

BBVA Aims To Become The Financial Partner For British SMEs And Freelancers

Holvi, the digital banking startup for freelancers acquired in 2016 by BBVA, has announced its entry into the United Kingdom, the third largest market it has broken into after Germany and Finland. Its aim is to become the financial partner of British SMEs and freelancers, thanks to its range of digital accounting tools.

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