Banco Bilbao Vizcaya Argentaria

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Banco Bilbao Vizcaya Argentaria, S.A.
Sociedad Anónima
Traded as BMADBBVA
NYSEBBVA
Industry Financial services
Predecessor
  • Banco Bilbao Vizcaya, S.A.
  • Argentaria, S.A.
Founded Bilbao, Spain 1857 (1857)
Headquarters Bilbao, Spain
Key people
Services Banking, insurance, asset management
Revenue 21.39 billion (2013)[1]
€10.19 billion (2013)[1]
Total assets €599 billion (end 2013)[1]
Total equity €44.81 billion (end 2013)[1]
Number of employees
109,305 (end 2013)[1]
Website www.bbva.com

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) (Spanish pronunciation: [ˈbaŋko βilˈβao βiθˈkaʝa arxenˈtaɾja] is a multinational Spanish banking group. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the second biggest bank in Spain.[citation needed]

Credit ratings[edit]

As of March 2013 BBVA had the following debt ratings with the four major rating agencies:

Rating Agency Long Term Rating Short Term Rating
S&P[2] BBB- (Outlook: Stable) A-3
Moody’s[3] Baa2 (Outlook: Positive) P-3
Fitch[4] BBB+ (Outlook: Stable) F-2
DBRS[5] A (Outlook: Negative) R-1 (middle)


Mergers and acquisitions[edit]

In February 2014, BBVA acquired Simple, a then four-year-old direct bank for 117 million. BBVA executive chairman, Francisco González, explained why banks must get with the technology program: "Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death."[6] The banking industry recognizes BBVA to be more pro-technology than many of its competitors.[6]

U.S. sports market presence[edit]

BBVA Compass Logo.jpg

On September 13, 2010 BBVA became an official sponsor of the NBA.[7] From 2011 to 2014, BBVA sponsored the Birmingham Bowl, a postseason college football game played in Birmingham, Alabama, during which time the game was known as the BBVA Compass Bowl. For the first three editions under the sponsorship contract, the game featured teams from the Big East Conference and Southeastern Conference. Following the 2013 split of the Big East along football lines, the former Big East berth was inherited by that conference's football-sponsoring offshoot, the American Athletic Conference.[citation needed] On May 12, 2012, BBVA Compass Stadium opened in downtown Houston, Texas. It was built as the home for the Houston Dynamo soccer team, and from its opening has also hosted the Texas Southern University football team. Since 2014, the stadium has also hosted home games of the Houston Dash, a team in the National Women's Soccer League that is owned and operated by the Dynamo.[citation needed]

On February 20, 2014 Simple announced it has been acquired by BBVA.[8][9]

See also[edit]

References[edit]

Notes

External links[edit]