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] BBVA sponsors the BBVA Compass Bowl, a post season college football game played in Birmingham, Alabama, which matches teams from the Big East Conference and Southeastern Conference.[citation needed] On May 12, 2012 the BBVA Compass Stadium opened in downtown Houston, Texas, home to the Houston Dynamo soccer team.[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]