BBVA

Relevant News Item 17th February 2025

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…

Spanish economy 16th February 2025

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…

In Spain 11th February 2025

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…

Spanish economy 30th January 2025

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%…

In Europe 3rd January 2025

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.

In Spain 2nd January 2025

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…

World economy 27th December 2024

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…

In Spain 17th December 2024

Andrea Orcel’s Bicycle and the BBVA-Sabadell Confusion

Aurelio Medel (5 Días) | The head of Unicredit accelerates acquisitions to maintain profit growth and attempt to lead European consolidation. Andrea Orcel took over Unicredit with the stock below 10 euros and has driven it above 40. However, shares of the second Italian bank began to show signs of fatigue in the summer, and not only because it has already quadrupled its value. It is also due to the…

Spanish economy 12th December 2024

BBVA says competition authorities only identify three issues needing further work in second phase of Sabadell takeover bid

Alphavalue/ Divacons | Peio Belausteguigoitia, BBVA’s country manager in Spain, said that having bigger and stronger banks is beneficial for customers, shareholders and employees. During his speech at the 2nd Prensa Ibérica Financial Forum, he stressed that the transaction with Banco de Sabadell has great potential for value creation and will allow the integration of an entity with greater capacity to offer better products and services to customers. Regarding the…

In Europe 27th November 2024

European Commission finalises review of BBVA’s Sabadell takeover bid with no objections

Link Securities | According to financial sources close to the process, the European Commission (EC) gave its approval to BBVA’s takeover bid for Banco Sabadell (SAB) after verifying that BBVA will not benefit from aid from third countries to take over Sabadell, according to the newspaper Expansión. On 21 October, the European Commission (EC) Directorate-General for Competition opened proceedings against BBVA to explore the existence of potential subsidies from foreign…

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