Banco Bilbao Vizcaya Argentaria

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Banco Bilbao Vizcaya Argentaria, S.A.
Sociedad Anónima
Traded asBMADBBVA
NYSEBBVA
IndustryFinancial services
Predecessor
  • Banco Bilbao Vizcaya, S.A.
  • Argentaria, S.A.
FoundedBilbao, Spain
1857; 162 years ago (1857)
Headquarters,
Key people
ServicesBanking, insurance, asset management
RevenueIncrease23.680 billion (2015)[1]
Increase€6.81 billion (2015)[2]
Increase€2.642 billion (2015)[1]
Total assetsIncrease€750.07 billion (2015)[3]
Total equityIncrease€55.43 billion (2015)[3]
Number of employees
137,968 (2015)[4]
Websitewww.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 largest bank in Spain.[5] The company is a component of the Euro Stoxx 50 stock market index.[6]

Credit ratings

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[7] BBB- (Outlook: Stable) A-3
Moody’s[8] Baa2 (Outlook: Positive) P-3
Fitch[9] BBB+ (Outlook: Stable) F-2
DBRS[10] A (Outlook: Negative) R-1 (middle)


Mergers and acquisitions

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."[11] The banking industry recognizes BBVA to be more pro-technology than many of its competitors.[11]

International subsidiaries

U.S. sports market presence

On September 13, 2010 BBVA became an official sponsor of the NBA.[12] 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]

See also

References

  1. ^ a b 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. Retrieved 20 June 2016.
  2. ^ "Banco Bilbao Vizcaya Argentaria S.A. ADR". marketwatch.com. Retrieved 20 June 2016.
  3. ^ a b "Financial Data - BBVA". bbva.com. Retrieved 20 June 2016.
  4. ^ "Annual Results 2015". BBVA. Retrieved 20 July 2016.
  5. ^ "Los cuatro grandes, más fuertes que nunca (The big four, stronger than ever) (spanish)". ABC.es.
  6. ^ "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news".
  7. ^ "S&P Research Update: BBVA 'BBB+/A-3' Ratings Affirmed Despite Rising Economic Risk In Spain; Outlook Stable", December 2, 2013
  8. ^ "Moody’s Rating Report", March 4, 2014
  9. ^ "Fitch Downgrades Santander & BBVA to 'BBB+'/Negative Outlook on Sovereign Action", November 8, 2013
  10. ^ "DBRS Lowers BBVA to 'A' After Downgrade of Spain to A (low), Trend Now Negative", August 10, 2012
  11. ^ a b David Wolman (February 26, 2014). "The Bank and the Anti-Bank". The New Yorker. Retrieved 26 January 2015.
  12. ^ Reuters Editorial (13 September 2010). "BBVA becomes NBA sponsor". Reuters India.

External links