Banco Bilbao Vizcaya Argentaria
This article needs additional citations for verification. (September 2018) (Learn how and when to remove this template message)
(Group Executive Chairman)
Carlos Torres Vila
|Services||Banking, insurance, asset management|
|Revenue||€23.680 billion (2015)|
|€6.81 billion (2015)|
|€2.642 billion (2015)|
|Total assets||€750.07 billion (2015)|
|Total equity||€55.43 billion (2015)|
Number of employees
Banco Bilbao Vizcaya Argentaria, S.A. (Spanish pronunciation: [ˈbaŋko βilˈβao βiθˈkaʝa aɾxenˈtaɾja] is a multinational Spanish banking group. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the second largest bank in Spain. The company is a constituent of the IBEX 35 and Euro Stoxx 50 stock market index. In 2007, the firm started an initiative to digitally transform the bank. Following implementation, it saw a 19% year-on-year increase in new customers. As of 2015, the total number of these clients stood at 14.8 million.
As of October 2018, BBVA had the following debt ratings with the four major rating agencies:
|Rating Agency||Long Term Rating||Short Term Rating|
|S&P||A- (Outlook: Negative)||A-2|
|Moody’s||A3 (Outlook: Stable)||P-2|
|Fitch||A- (Outlook: Stable)||F-2|
|DBRS||A (high) (Outlook: Stable)||R-1 (middle)|
Mergers and acquisitions
In February 2014, BBVA acquired Simple, a then four-year-old direct bank for 117 million. In its push towards a digital future BBVA has also acquired such companies as Madiva, a big-data company, Spring Studio, a digital-design specialist, digital banks in America and Finland, and 29.5% of Atom, a British online bank.
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." The banking industry recognizes BBVA to be more pro-technology than many of its competitors.
In 2016, BBVA acquired Finnish online banking startup Holvi, based in Helsinki, Finland. Holvi was founded by Kristoffer Lawson and Tuomas Toivonen in 2011, and provides entrepreneurs, small and medium-sized businesses with a range of business services as well as traditional banking through its online platform. According to Maaseudun Tulevaisuus, Holvi offers SMEs an alternative to traditional banks, with a business account, a payment card, a bookkeeping tool, a billing application and an online store. Card access can be managed via a smartphone app, which also includes notifications of any charge on the card.
BBVA building in Madrid.
Presence on stock market indexes
The BBVA is included in the IBEX 35, the official index of the Spanish Continuous Market composed of the 35 most liquid stocks traded on continuous market. The BBVA has a market capitalization of about 51,882 million euros with a share value between 5 and 8 euros.
U.S. sports market presence
On 13 September 2010 BBVA became an official sponsor of the NBA. 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. On 12 May 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.
- BBVA Rising Stars Challenge NBA exhibition basketball game
- BBVA Foundation Frontiers of Knowledge Award annual science and humanities award since 2009
- Big Four (Spanish banking)
- 4-traders. "Banco Bilbao Vizcaya Argentaria S.A. : Financials, earnings estimates and forecasts for Banco Bilbao Vizcaya Argentaria S.A. - BBVA - 4-Traders". 4-traders.com. Archived from the original on 29 June 2016. Retrieved 20 June 2016.
- "Banco Bilbao Vizcaya Argentaria S.A. ADR". marketwatch.com. Archived from the original on 10 June 2016. Retrieved 20 June 2016.
- "Financial Data - BBVA". bbva.com. Archived from the original on 24 June 2016. Retrieved 20 June 2016.
- "Annual Results 2015". BBVA. Archived from the original on 16 August 2016. Retrieved 20 July 2016.
- "Los cuatro grandes, más fuertes que nunca (The big four, stronger than ever) (spanish)". ABC.es. Archived from the original on 2014-10-26.
- "IBEX 35 COMPOSITE INDEX, IBEX:MCE Constituents - FT.com". markets.ft.com. Archived from the original on 2017-08-02.
- "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news". Archived from the original on 2015-11-19.
- "Mentor Europe 5 Excellent Examples of Successful Transformation Programs". Archived from the original on 2017-08-02.
- "S&P Research Update: BBVA 'BBB+/A-3' Ratings Affirmed Despite Rising Economic Risk In Spain; Outlook Stable" Archived 2013-10-21 at the Wayback Machine., December 2, 2013
- "Moody’s Rating Report" Archived 2013-10-21 at the Wayback Machine., March 4, 2014
- "Fitch Downgrades Santander & BBVA to 'BBB+'/Negative Outlook on Sovereign Action" Archived 2013-10-21 at the Wayback Machine., November 8, 2013
- "DBRS Lowers BBVA to 'A' After Downgrade of Spain to A (low), Trend Now Negative" Archived 2013-10-21 at the Wayback Machine., August 10, 2012
- "BBVA, a Spanish bank, reinvents itself as a digital business". The Economist. 14 October 2017. Archived from the original on 13 October 2017.
- David Wolman (February 26, 2014). "The Bank and the Anti-Bank". The New Yorker. Archived from the original on 2015-01-29. Retrieved 26 January 2015.
- Paul Sawers (2016-03-07). "Spain's BBVA buys Finnish banking startup Holvi to keep its finger on the fintech pulse". VentureBeat. Archived from the original on 2018-03-27. Retrieved 2018-03-27.
- "Startup of the Week: Holvi". Wired. 2017-04-11. Archived from the original on 2018-03-27. Retrieved 2018-03-27.
- Henrik Schäfer (2016-10-12). "Tämä sovellus voi puolittaa pienyrittäjän pankkikulut". Maaseudun Tulevaisuus (in Finnish). Archived from the original on 2018-04-04. Retrieved 2018-04-03.
- Teemu Laitila (2015-05-27). ""Tekijöiden pankki" aukeni ilman kutsua". Tivi (in Finnish). Archived from the original on 2018-04-04. Retrieved 2018-04-03.
- Colm Gorey (2014-10-17). "Holvi launches IBANs to allow European banking". Silicon Republic. Archived from the original on 2018-03-27. Retrieved 2018-03-27.
- Nick Summers (2014-08-11). "Holvi launches IBANs to allow European banking". The Next Web. Archived from the original on 2018-03-29. Retrieved 2018-03-28.
- McGregor, Jay. "After Nokia: 5 Finnish Startups To Watch". Archived from the original on 2018-03-28.
- "E-residency program announces e-banking partnership with Finland's Holvi". ERR (Estonian Public Broadcasting). 2017-05-25. Archived from the original on 2018-03-27. Retrieved 2018-03-27.
- Eeva Haaramo (2017-05-31). "Borderless banking: Estonia's e-residents can open accounts without going there". ZDNet. Archived from the original on 2017-11-08. Retrieved 2018-03-27.
- John Stanley Hunter (2017-10-06). "Ein finnisches Startup will die größte Schwäche der deutschen Wirtschaft ausnutzen" Archived 2018-04-02 at the Wayback Machine., John Stanley Hunter. Business Insider Germany. Retrieved 2018-04-01.
- Eeva Haaramo (2015-05-06). "Finnish banking startup Holvi speeds up online identity verification". Computer Weekly. Archived from the original on 2018-03-29. Retrieved 2018-03-26.
- "Eurooppalainen jättipankki osti suomalaisen kasvufirman". Talouselämä (in Finnish). 2016-03-07. Archived from the original on 2018-04-04. Retrieved 2018-04-03.
- Reuters Editorial (13 September 2010). "BBVA becomes NBA sponsor". Reuters India. Archived from the original on 12 May 2015.
|Wikimedia Commons has media related to BBVA.|