BBVA

BBVA vela atardecer

Securities Market Commission authorises BBVA to offer trading and custody services for bitcoins and ether in Spain

Alphavalue / Divacons | The bank announced yesterday that it has received approval from the Securities Market Commission (CNMV) to offer trading and custody services for bitcoins and ether in Spain. The bank explained that the rollout of this service will initially begin with a small group of users and will be extended in the coming months to all its individual customers in Spain, based on the experience gained in…


BBVA Sabadell 2

Second adjustment to exchange ratio: 1 BBVA ordinary share and €0.70 in cash for every 5.3456 Banco Sabadell ordinary shares

Renta 4 | BBVA will proceed to adjust the exchange ratio according to the dividends announced by both entities, Sabadell for an amount of €0.12/share to be paid on 28 March, and the payment to be made by BBVA on 8 April (ex-date) for an amount of €0.41/share.The new exchange ratio is set at: 1 newly issued BBVA ordinary share and €0.70 in cash for every 5.3456 Banco Sabadell ordinary…


bbva sabadell

Mexican regulator authorises BBVA to acquire indirect control of Banco Sabadell subsidiary in country

Link Securities | BBVA (BBVA) has received authorisation from Mexico’s National Banking and Securities Commission (CNBV) to acquire indirect control of Banco Sabadell’s (SAB) banking subsidiary in the country, according to Expansión newspaper. The bank now has all the required authorisations from Mexican regulators. This is the last regulatory authorisation BBVA needed in Mexico, as in December it received the go-ahead from the Federal Economic Competition Commission (Cofece). The competition…


BBVA guapa

BBVA to continue operating with relatively tight solvency levels compared to most European counterparts

Santander Corporate & Investment | On Tuesday, Fitch revised its outlook for BBVA (BBVA) (A3 p, A e, A- p) to positive and confirmed all its ratings, including its senior preferred (SP) rating of A-. Fitch indicated that the positive outlook reflects its expectation that ‘BBVA’s solid franchise and business model will enable the group to generate stronger financial results thanks to improved operating conditions in some of BBVA’s key…


Madrid nuevo norte

BBVA hires Rothschild to sell part of Madrid Nuevo Norte

Link Securities | BBVA (BBVA) has put part of Madrid Nuevo Norte up for sale, according to Cinco Días. The bank, which controls almost 76% of the development company, has hired Rothschild for the operation and is looking for a partner to provide resources as the so-called Operation Chamartín has begun to get underway. The sources consulted by the newspaper indicate that it would be conventional for Rothschild to look…


bbva sabadell

Sabadell CEO insists BBVA’s takeover bid at price offered makes no sensek

Link Securities | César González-Bueno, Sabadell’s CEO, reiterated this Friday during the presentation of Sabadell’s annual results that the takeover bid launched by BBVA at the price that has been offered makes no sense, according to Expansión newspaper. The acquiring bank is offering one newly created share for every 5.0196 Sabadell shares and a cash component of €0.29 (equivalent to the dividend paid at the end of 2024). All in…


BBVA vela atardecer

BBVA beats expectations with €2,433 million profit in Q4 2024 (+18%) thanks to good business momentum in Spain and €993-million share buyback plan

Bankinter | The bank beats expectations with a net attributable profit of €2,433 million in Q4 2024 (up 18.0% against €2,243 million estimated) thanks to the good momentum of the business in Spain and improves shareholder remuneration with a €993 million share buyback plan. Key figures for 2024 compared to the consensus forecast (Bloomberg): Net interest income: €25,267 million (up 9.0% versus €24,780 million estimated); Gross income: €34,481 million (+20.0%…


Garanti BBVA

Garanti BBVA Kripto selects Bit2Me as execution centre for its clients’ cryptocurrencies in Turkey

Alphavalue/DIVACONS | Bit2Me has been selected by BBVA Group’s (BBVA) Garanti BBVA Kripto as its execution venue for its clients’ cryptocurrency buy and sell orders in Turkey, the digital asset firm said on Thursday. “This strategic collaboration represents an important milestone in the adoption of cryptocurrencies in one of the world’s most dynamic markets,” Bit2Me noted. BBVA: Buy, Target Price €14.2/share.


BBVA vela atardecer

BBVA creates new unit to boost speciality in data-driven services

Link Securities | BBVA (BBVA) announced on Monday that it has created a new unit to boost its expertise in data-driven services. Through the new Analytics Transformation Unit, BBVA is uniting its international team of more than 2,500 data scientists and specialists and will boost the development of its data-driven services with the latest advances in artificial intelligence. In this regard, BBVA points out that advanced data analysis is essential…


bbva sabadell fusion 2

BBVA obtains authorisation from Mexican Competition Commission for Banco Sabadell takeover bid

Norbolsa | BBVA (BBVA) has already received the green light from the Mexican Competition Commission (Cofece) for its takeover bid for Banco Sabadell (SAB). On Monday, the Mexican regulator gave the bank the go-ahead, which has determined that the notified operation is unlikely to affect the process of competition and free economic concurrence. BBVA’s transaction with Sabadell includes the indirect acquisition of Sabadell’s Aztec subsidiary and the rest of its…