Banco Bilbao Vizcaya Argentaria

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Banco Bilbao Vizcaya Argentaria, S.A.
Type Sociedad Anónima
Traded as BMADBBVA
NYSEBBVA
Industry Financial services
Predecessor(s)
  • 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]
Operating income €10.19 billion (2013)[1]
Total assets €599 billion (end 2013)[1]
Total equity €44.81 billion (end 2013)[1]
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]

Currently(03/2014) BBVA has 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)

U.S. market presence[edit]

BBVA Compass Logo.jpg

BBVA sponsors the BBVA Compass Bowl, a post season college football game played in Birmingham, Alabama. The game matches teams from the Big East Conference and Southeastern Conference.

On September 13, 2010 BBVA became an official sponsor of the NBA.[6]

On May 12, 2012 the BBVA Compass Stadium opened in downtown Houston, Texas. It is home to the Houston Dynamo soccer team.

On February 20, 2014 Simple announced it has been acquired by BBVA.[7][8]

BBVA headoffice building in Bilbao.
BBVA building in Madrid.

See also[edit]


References[edit]

Notes
  1. ^ a b c d e "Annual Results 2013" (html). BBVA. Retrieved 7 February 2014. 
  2. ^ http://shareholdersandinvestors.bbva.com/TLBB/tlbb/bbvair/ing/investors/ratings/index.jsp „S&P Research Update: BBVA 'BBB+/A-3' Ratings Affirmed Despite Rising Economic Risk In Spain; Outlook Stable“], December 2, 2013
  3. ^ „Moody’s Rating Report“, March 4, 2014
  4. ^ „Fitch Downgrades Santander & BBVA to 'BBB+'/Negative Outlook on Sovereign Action“, November 8, 2013
  5. ^ „DBRS Lowers BBVA to “A” After Downgrade of Spain to A (low), Trend Now Negative“, August 10, 2012
  6. ^ "BBVA becomes NBA sponsor"
  7. ^ "The Next Chapter". Simple. 
  8. ^ "BBVA acquires digital banking service pioneer Simple". Retrieved 20 February 2014. 

External links[edit]