Personal Corporate Register Get Password / Forgot Your Password? Included in the second quarter 2020 results is a substantial increase in provision for credit losses, well in excess of net-charge-offs, that reflects the ongoing adverse macroeconomic environment and corresponding forecasts given the COVID-19 pandemic and subsequent impact to certain segments of the loan portfolio. The issue consists of two tranches, with a maturity of three and five years: The three-year tranche accounted for $1.2 billion, while the five-year one reached $800 million. BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today a net loss of $331 million for the fourth quarter of 2019. Thanks to the bankâs efforts to anticipate impairments related to the COVID-19 in 1Q20, BBVA earned â¬636 million in the second quarter, doubling the underlying profit from the first quarter. BBVA believes that banks play a key role in the future of society, particularly in how they address the social and environmental challenges we all face. As companies across the globe struggle to find a balance between protecting the health and safety of employees and maintaining an efficient and effective workforce, BBVA is using its highly visible leadership team to meet that challenge with frequent transparent updates. BBVA is operating as normal after activating additional measures on Tuesday following the recommendations made by the Ministry of Health and the Madrid and Basque regional governments, and after an employee at the bankâs Madrid headquarters tested positive for coronavirus (COVID-19). At the press conference, Onur GenÃ§ affirmed that BBVA’s leadership in transformation has a “true competitive advantage” and reiterated the institutionÂ´s focus on organic growth. Following this positive case, the bank has closed the area where the employee worked, as well as some common spaces as a preventive measure. After monitoring the news report began emerging earlier this year about a new virus, on March 9, the bank’s Corporate Continuity Committee decided to create a global war room, led by Ricardo Forcano and Carlos Casas, the heads of Engineering & Organization and Talent & Culture, respectively. For that reason, the bank has made available to its shareholders the appropriate channels to enable the exercise of their rights remotely, which are described in the Annual General Meeting section on the corporate website. Excluding the impact of this non-cash charge, adjusted net incomeÂ¹ for the quarter was $139 million, a 29 percent decrease from the $196 million earned in the fourth quarter of 2018. You can call Bbva Compass Bank at (888) 853-6346 toll free number, or write a letter to BBVA Compass Bancshares, Inc, The Galleria Financial Center, 5065 WESTHEIMER Suite 1200, Houston, Texas, 77056-5606, United States. Phone +52-55-56213434, +52-55-56216161: Fax +52-55-56211477: Official Site: www.bancomer.com: SWIFT Code: BCMRMXMM: Founded: 1932 This positive performance was the result of our resilient recurrent income, coupled with our focus on cost control and a better evolution of impairments, thanks to the significant provisioning effort in the first half of the year,â said BBVA CEO Onur GenÃ§. In the first half of the year, net attributable profit excluding one-offs was â¬928 million (-57.8 percent yoy in constant euros). BBVA USA has 643 banking locations. BBVA USA is offering special assistance to consumer and small businessÂ customers impacted by the ongoing COVID-19 pandemic, including penalty-free withdrawals from applicable CDs, ATM fee refunds, and payment deferrals, extensions and waivers on existing loans and lines of credit, among other offers. In a challenging context marked by the pandemic, BBVA has shown a solid capacity to generate capital, with risk indicators having a positive performance. Also, BBVA’s ‘Values ââDay’ event was one of the finalists in the ‘Best in-house event involving over 500 workersâ category. Carlos Torres Vila, BBVA Group executive chairman and Onur GenÃ§, BBVA CEO, presented the results for the first quarter of 2020 at an online press conference from their homes. ... Other Phone (256) 831-1212. Phone: 814-626-1900 Email: firstname.lastname@example.org 0. BBVA posted a recurring profit of â¬1.26 billion in 1Q20 (+6.4 percent yoy), driven by the highest operating income in ten years (+14.1 percent), and boosted by a good performance of revenues and a containment in operating expenses. This result is 79.5 percent higher than this year’s second quarter results in current euros (+83.4 percent at constant rates). According to BBVA Group Executive Chairman Carlos Torres Vila, âthe recurrence of our profits before provisions and our solid capital and liquidity position allow us to face the crisis from a position of strength and to front-load in this first quarter the provisions to hedge against the impact of the pandemicâ. Compared to the same period a year earlier, the 3Q20 result is 6.8 percent lower (+4.1 percent at constant rates). BBVA CIB encompasses investment banking, market activities, loans and transactional services for international corporate clients and institutional investors. Including the goodwill adjustment at the U.S. unit, the bank registered a â¬1.79 billion loss in the quarter. Starting at noon, Group executive chairman Carlos Torres Vila and CEO Onur GenÃ§ will present the bankâs shareholders with the most significant 2019 accomplishments and the outlook for 2020. Return on average assets and return on average tangible equity(1) for the third quarter of 2020 were 0.63 percent and 7.32 percent, respectively. The BBVA Groupâs results have been improving throughout 2020. BBVAÂ´s CEO presented this yearÂ´s third quarter results on Friday, October 30. The debt, maturing on January 16, 2030 has an interest rate of mid-swap plus 127 basis points, 28 basis points below the initial interest rate (mid-swap plus 155 points) and a 1% coupon. BBVAâs intention is to resume dividend payments once the existing supervisory recommendation is eliminated and COVID-19 uncertainties dissipate. Â© Banco Bilbao Vizcaya Argentaria, S.A. 2021. The management of your financials is on your mobile phone with Garanti BBVA Mobile! This result is 79.5 percent higher than this yearâs second quarter results in current euros (+83.4 percent at constant rates).Â In addition, the strength of recurring revenues and cost containment efforts helped to boost operating income compared to the third quarter of 2019. âNet attributable profit grew significantly in the third quarter compared to previous quarters. The bank is to propose for the consideration of the competent governing bodies a gross cash dividend of â¬0.16 per share to be paid in April 2020, maintaining the same amount as the previous year. Email Address . Following these changes, the Board will have two thirds of independent members. The BBVA Group’s results have been improving throughout 2020. BBVAâs recurring revenues (net interest income and net fees and commissions) grew strongly during the first quarter and the operating income was the highest of the past ten years. The strength of recurring revenues and cost containment efforts drove quarterly operating income to grow 13.5 percent yoy at constant exchange rates. Following the relevant event released on November 16, 2020, BBVA announces on another relevant event filed with Spanish regulator CNMV that the conversations in relation to a potential merger transaction with Banco de Sabadell have come to an end without any agreement. Due to scheduled system maintenance Online Banking, Mobile Banking, ATM Banking, and 1-844-BBVAUSA, may be unavailable on Sunday, Oct 11 from 1:00 a.m. until 4:00 a.m. CT. BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA USA today announced the appointment of Carin Marcy Barth as the newest member of BBVA USA Bancshares, Inc. Board of Directors. If you need to dispute a transaction on your BBVA Rewards Card or BBVA ClearPoints Credit Card, please call 1-800-239-5175. Call Garanti BBVA Customer Communication Center on: 444 0 333. In the first nine months of 2020, “we have attracted 350,000 clients in Spain”, something that is especially relevant in the current context marked by the COVID-19 crisis. BBVA has successfully closed the sale of its 100 percent share capital in BBVA Paraguay to Banco GNB Paraguay, a unit of Grupo Gilinski, after obtaining all required authorizations. BBVA USA President and CEO Javier RodrÃguez Soler recently presented the bankâs new 5-year strategic plan to 250 leaders from across the more than 10,000 person-strong financial institution. The results were driven by an increase in recurring revenue and the containment in operating expenses. BBVA is to propose at the Annual General Meeting the appointments of Ana Revenga, RaÃºl Galamba and Carlos Salazar as new board members. In a presentation for investors organized by Bank of America (BoFA) and in which BBVA CEO took part this morning, BBVA raised the Groupâs guidance for 2020, thanks mostly to an improvement in its business activity in Mexico. Furthermore, BBVA expects to beat its expectations regarding cost reductions for 2020, and improves its cost of risk expectations for 2020, to a range between 1.5 and 1.6 percent in cumulative terms for the year, thanks to a better performance in Mexico. Below you will find ratings, reviews, corporate information, directions, office hours, their phone number, online banking website, and branch locations. Analysts praised BBVAâs foresight as the group booked â¬1.43 billion in provisions during the first quarter to cover the expected impact of COVID-19 on its business. Likewise, our solid capital generation stood out during the quarter,â said BBVA CEO Onur GenÃ§. Following the publication of 4Q19 earnings, BBVA Group executive chairman Carlos Torres Vila explained today that: âBBVA has achieved outstanding results in 2019, thanks to record-high recurring revenue.â This, in conjunction with exemplary cost management, has helped us âreach an ex items profit of â¬4.83 billion — our highest since 2009.â. BBVAâs Annual General Meeting is planned for March 13th in Bilbao. BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today a net loss of $124 million for the second quarter of 2020 compared to earnings of $160 million in the second quarter of 2019. Following front-loaded provisions of â¬1.43 billion related to the COVID-19 crisis, BBVA earned â¬292 million in the first three months of the year. BBVA has named Mario Pardo Bayona the new CEO of BBVA in Colombia. In a complex environment, BBVA has once again demonstrated the strength of its operating income, which grew 17.6 percent at constant exchange rates, and its outstanding ability to generate capital. Recurring revenues (net interest income and net fees and commissions) continue growing robustly, reaching a record high in 2019. BBVA Corporate & Investment Banking BBVA CIB encompasses investment banking, market activities, loans and transactional services for international corporate clients and institutional investors. It is the best quarterly result of the year and far exceeds the figure for 2Q20 (+79.5 percent in current euros, +83.4 percent at constant rates). BBVA has agreed to sell to PNC its subsidiary in the U.S. for $11.6 billion (â¬9.7 billionÂ¹) in cash, an amount that represents 19.7 times the unitâs 2019 earningsÂ², and that is almost 50% of BBVAâs current market capitalization, creating significant value for shareholders. 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