Month: May 2019

BBVA closed today the sale to of 948 items of real state to “Tree Inversiones Inmobiliarias” a company managed by RREEF Limited, for an amount of 1.154 million euros. During the period set for that purpose, the holders of 8.99% of the free allotment rights have accepted BBVA’s undertaking to acquire such free allotment rights. Consequently, BBVA has acquired 433,637,066 rights for a total consideration of 43,363,706.60 Euros.

BBVA has received a new communication from the Bank of Spain regarding its minimum requirement for own funds and eligible liabilities, as determined by the Single Resolution Board (“SRB”), that has been calculated taking into account the financial and supervisory information as of December 31, 2017. This communication supersedes the communication previously received and which was published as relevant information on May 23, 2018. As a result of the Supervisory Review and Evaluation Process carried out by the European Central Bank , BBVA has received a communication from the ECB that includes the requirement for BBVA to maintain, from January 1, 2020 on a consolidated basis, a CET1 capital ratio of 9.27% and a total capital ratio of 12.77%. The Board of Directors of BBVA has resolved to propose to the Annual General Meeting a cash payment in a gross amount of EUR 0.16 per share as final dividend for 2019 that will be paid on 9 April 2020, if approved.

• Mexico’s largest bank in terms of assets, Bancomer, is a subsidiary of the Spanish company BBVA.
• BBVA hereby communicates relevant information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Meeting of BBVA Shareholders held on 11th March 2016, under agenda item three, section 3.1, by which a shareholder remuneration system called “Dividend Option” is to be instrumented.
• (together, the “Sellers” or “Dogus”) of 41,790,000,000 shares of Turkiye Garanti Bankasi, A.S.
• The Board of Directors of BBVA has agreed to modify the Group’s shareholder distribution policy currently in force, which was communicated as relevant information on 1 February 2017, with registration number , establishing a new policy consisting in an annual distribution of between 40% and 50% of the consolidated ordinary profit of each year, compared to the previous policy of distributing between 35% and 40%.
• Further to the relevant facts dated September 15, 2011 and September 27, 2011, BBVA hereby communicates that the trading period for the free allotment rights of the free-of-charge capital increase adopted under Agenda item five section 5.2 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A.

BBVA communicates that it is carrying out a strategic review process of its nonlife insurance business in several geographies. Within this process, BBVA has received offers by several interested parties and is carrying out negotiations with the goal of eventually establishing bank-assurance alliances. The Board of Directors of BBVA has resolved to propose to the next Annual General Meeting a cash payment in a gross amount of EUR 0.059 per share against the share premium account that will be paid on 29 April 2021, if approved. BBVA has received a new communication from the Bank of Spain regarding its minimum requirement for own funds and eligible liabilities (“MREL”), as determined by the Single Resolution Board (“SRB”), that has been calculated taking into account the financial and supervisory information as of December 31, 2019 , and which supersedes the previous MREL communication published on November 19, 2019. This rating action is a consequence of the application of the latest changes in Moody’s methodology for banks, updated on July 9th, 2021. S&P Global Ratings (S&P) has upgraded by one notch BBVA’s long-term issuer credit rating to A from A- and shortterm ICR to A-1 from A-2.

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Corpbanca, a Chilean company, announced on December 12 it had initiated a competitive bidding process for a potential consolidation of its business in Chile and abroad. In relation to the news published today and further to a request by the Spanish Securities and Exchange Commission, BBVA communicates that it is participating in said process in order to analyse the strategic viability of a possible combination of the banking businesses of both groups in Chile and Colombia. Further to the relevant information disclosed by BBVA to the markets on January 23, 2015, and once all the contractual conditions have been met, BBVA announces that it has completed the sale of 4.9% interest in China CITIC Bank Corporation Limited to UBS AG, London Branch.

BBVA has decided to initiate strategic review of alternatives for its mandatory pension fund administrators business in Latin America. Despite this being a highly attractive business, its limited relationship with BBVA´s core business, the universal banking activity, advises the initiation of this process. Regarding the news published today, BBVA informs that it is in advanced discussions with MetLife, Inc. regarding a potential sale of BBVA’s stake in Administradora de Fondos de Pensiones Provida S.A. how recommended is umarkets forex broker If BBVA reaches an agreement with MetLife, BBVA will announce it immediately. In order to facilitate the understanding of its underlying financial performance, starting in the fourth quarter of 2013, BBVA will reclassify the income statement as presented for informational purposes in its quarterly eport to isolate the impacts of the corporate transactions completed in the last two years. For such purposes, a new income statement line item called “Income from corporate transactions” will be created.

The bank entered the Brazilian market in 1957 and opened its first bank branch in 1980 in the country. In addition to its banking products, it offers insurance services and retirement plans. It is one of the world’s oldest banks and Brazil’s first financial institutions, having been founded in 1808.

On February 23, 2010, Moody’s Investors Service revised the ratings of the hybrid securities issued by Spanish financial institutions. This is a consequence of the implementation of the new valuation methodology of this type of issues that was announced by the rating agency on January 12, 2010. The Board of Directors meeting of BBVA, 22nd June 2011, has resolved to convert the totality of the Mandatory Convertible Subordinate Bonds with early conversion options in favour of the issuer (the “Convertible Bonds”), issued by BBVA on 30th September 2009 for a nominal amount of TWO BILLION EUROS (€2,000,000,000). The conversion will be carried out on the forthcoming distribution payment date, ie, 15th July 2011, pursuant to the procedure established to such effect in the issue terms and conditions. The conversion will be mandatory for all Convertible Bond holders.

As statutory auditor of BBVA and of its consolidated Group for the financial years 2022, 2023 and 2024. The Board of Directors will propose, when appropriate, its appointment to the next BBVA’s Ordinary General Shareholders’ Meeting. “BBVA International Preferred SA”, a subsidiary guaranteed at 100% by BBVA, has published an exchange offer in relation to 3 issues of preferred securities sold to institutional investors for a nominal amount of approximately 1,500 million euros. BBVA’s Board of Directors has resolved, at its meeting held on 1 February 2011, following the proposal of the Appointments Committee, to appoint by cooptation the shareholder Mr. José Luis Palao García-Suelto as director, who will be considered as independent director. BBVA has completed the acquisition of 24,8902% of the total issued share capital of Turkiye Garanti Bankasi, AS.

BBVA has received on 26 October 2021 the required authorization from the European Central Bank for the buyback of up to 10% of its share capital for a maximum amount of 3,500 million euros, in one or several tranches and over a maximum period of 12 months as from the communication by BBVA that the buyback of shares has effectively commenced (the “Authorization”). The maximum amount of 3,500 million euros has been fully deducted from BBVA’s own funds as from the Authorization receipt. Following the inside information published on November what is bollinger band? 15, 2021 and March 31, 2022, with registration numbers at the Spanish Exchange Commission 1165, 1169 and 1381, respectively, in relation with the voluntary takeover bid (the “Voluntary Takeover Bid”) for the entire share capital of Türkiye Garanti Bankası A.Ş. (“Garanti BBVA” or the “Company”) not already owned by BBVA, the Board of Directors of BBVA decided to increase the Voluntary Takeover Bid price offered in cash for each share1 of the Company from the initially announced price (12.20 Turkish Lira) to 15.00 Turkish Lira.

The outlook has changed to negative from stable, mirroring now the negative outlook of Spain’s Sovereign S&P’s current rating. The Board of Directors of BBVA has resolved to propose to the Annual General Meeting a cash payment in a gross amount of EUR 0.23 per share against the voluntary reserves of BBVA that will be paid on 8 April 2022, if approved. BBVA has received a new communication from the Bank of Spain regarding the determination of its minimum requirement for own funds and eligible liabilities (“MREL”), as determined by the Single Resolution Board (“SRB”), that has been calculated taking into account the financial and supervisory information as of June 30, 2021 , and which repeals and supersedes the previous communication 1 published on May 31, 2021. By using this site, you are agreeing to security monitoring and auditing.

The Board of Directors of BBVA, at its meeting held today, previous the Audit and Compliance Committee’s recommendation, and as a result of a tender process led by such Committee, has resolved to submit to the next BBVA’s ordinary general shareholders’ meeting the appointment of KPMG Auditores, S.L. As external auditor of BBVA and of its consolidated Group for the financial years 2017, 2018 y 2019. As announced in the relevant event dated 25 October 2013, BBVA’s shareholder remuneration policy establishes the distribution of an annual pay-out of between 35% and 40% of the profits obtained in each financial year and the progressive reduction of the remuneration via “Dividend Options”, so that efficient day trading rules for beginners the shareholders’ remuneration would ultimately be fully in cash. The Board of Directors of BBVA has approved an issuance of securities contingently convertible into ordinary shares of BBVA (the “Securities”) up to a maximum amount of 1,000 million euros, excluding the shareholders’ pre-emption right (the “Issuance”). By way of continuation from the relevant event filling dated 22nd June 2011 and pursuant to section 4.6.3 c).2 of the BBVA securities note (the “Securities Note”) regarding the issue of the mandatory convertible subordinate bonds with early conversion options in favour of the issuer (the “Convertible Bonds”), which was registered in the official records of the CNMV on 17….

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On May 31st, 2018, Moody’s Investor Service (Moody’s) has upgraded BBVA’s long-term senior unsecured debt rating to A3 from Baa1. BBVA has reached an agreement with Voyager Investing UK Limited Partnership, an entity managed by Canada Pension Plan Investment Board (“CPPIB”) for the transfer of a portfolio of credit rights which is mainly composed by non-performing and in default mortgage credits, with an aggregate outstanding balance amounting to approximately EUR 1,490 million (the “Transaction”). BBVA, pursuant to the Corporate Enterprises Act, sends the full text of the Notice of Meeting of BBVA’s Annual General Shareholders’ Meeting, to be held in Bilbao, at Palacio Euskalduna, foreseeably at second summons on 15 March 2019. The full texts of the proposed resolutions are enclosed herewith. In connection with the significant event published on 26 December 2018, BBVA informs that the sale of the great majority of the credits rights that composed the portfolio to Anfora Investing UK Limited Partnership, an entity belonging to Canada Pension Plan Investment Board, has taken place.

Regarding the news published today, BBVA confirms that a proposal of a new organizational structure for the Group and a new top management team will be submitted tomorrow to the Board of Directors for approval. More information on the new structure and management chart proposed is included in the press release attached. Further to the relevant events disclosed on March 31 and September 1, 2016 , notice is served that, following the envisaged timetable, the deed of merger by absorption of Catalunya Banc, S.A. (“CX”) into BBVA has been registered today at the Bizkaia Commercial Registry. As a result of the Supervisory Review and Evaluation Process carried out by the European Central Bank , BBVA has received a communication from the ECB requiring BBVA to maintain, on a consolidated basis, effective from the 1st of January 2017, a phased-in total capital ratio of 11.125%. As a result of the Supervisory Review and Evaluation Process carried out by the European Central Bank , BBVA has received a communication from the ECB requiring BBVA to maintain, on a consolidated basis, effective from the 1st of January 2018, a phased-in total capital ratio of 11.938%.

Banco BBVA Argentina S.A.

Standard & Poor’s Ratings Services (S&P) has today upgraded BBVA’s long-term rating (“Issuer Credit Rating – ICR”) to BBB from BBB-. Following the implementation of DBRS Rating European Covered Bonds methodology published on 17th December, 2014, DBRS Rating Limited has upgraded by one notch BBVA’s Mortgage Covered Bonds rating, from A to AA . Standard & Poor’s Ratings Services (S&P) has today upgraded BBVA’s long-term rating (“Issuer Credit Rating – ICR”) to BBB+ from BBB.

Today, the insurance company BBVA SEGUROS, S.A., DE SEGUROS Y REASEGUROS (“BBVA SEGUROS”), has entered into a 90% quota share reinsurance agreement with the reinsurance entity SCOR GLOBAL LIFE REINSURANCE IRELAND PLC (“SCOR GLOBAL LIFE”) for BBVA SEGUROS’ life insurance portfolio underwritten until 31 December 2012. By virtue of this agreement, BBVA SEGUROS will receive a reinsurance commission of approximately 630 million Euros. This transaction creates a gross extraordinary result for the BBVA Group of approximately the same amount. The Board of Directors of BBVA, in its meeting held today, has approved the appointment as member of the Executive Committee of the director Mrs. Susana Rodríguez Vidarte, who as of today ceases to form part of the Audit and Compliance Committee. Further to the relevant information disclosed by BBVA to the markets on February 1, 2013, and after the necessary approvals having been obtained, BBVA announces that it has completed the sale of the entirety of its approximately 64.3% interest in Chilean pension fund manager Administradora de Fondos de Pensiones Provida S.A.

Despedidos los dos inmigrantes que ayudaron a Samuel Luiz, muerto tras una paliza: “La empresa nos usó para darse publicidad”

As a result of the supervisory review and evaluation process carried out by the European Central Bank , BBVA has been communicated by the ECB its requirement to maintain a common equity tier 1 phased-in capital ratio of 9.5%, both on a consolidated and an individual basis. The judgment of the Court of Justice of the European Union regarding the preliminary rulings filed by some Spanish judges and courts about whether the time limitation for the refund of amounts in the so-called “cláusulas suelo” in loans with consumers, established by the Spanish Supreme Court in its Judgment dated May 9, 2013, among others, is compliant with Directive 93/13/EEC, has been published today. On July 25th, 2017 Scope Ratings has upgraded by one notch BBVA’s rating for existing senior unsecured debt from A to A+, with stable outlook. Regarding the news items published today, BBVA informs that is in talks with Cerberus Capital , which has expressed interest in acquiring the Real Estate business of the Bank in Spain.

Since then, its focus shifted, expanding from financial services for coffee growers to the general public. The largest banks in Latin America are largely concentrated in four countries. We highlight some key information about each of these financial institutions, including total assets and a brief history. Rankings are based on total assets, according to an April 2022 report from S&P Global. In its meeting on 5th February 2009, has resolved to convene an Annual General Meeting of shareholders. Ángel Cano Fernández as Chief Operating Officer (“Consejero Delegado”), in substitution of D.

BBVA y Sabadell confirman negociaciones para una eventual fusión

The region’s banking industry experienced a slowdown because of the COVID-19 pandemic and the ensuing slowdown. Latin America has one of the world’s fastest-growing banking sectors. BBVA notes the announcements made today by the European Banking Authority and competent National Supervisor regarding the capital exercise, which demonstrate the following result for BBVA… Voluntary conversion period at the option of said Convertible Bond holders. The minimum Conversion Price (initially €3.5) and the maximum Conversion Price (initially €50) of the BBVA shares for the purposes of converting the Convertible Bonds has been set at €3.44 and €49.19, respectively. The detailed results of the capital ratio stress test published today by the European Banking Authority are attached.

Shareholders held on March 15, 2013 and corresponding to the “Dividendo Opción” program, has ended today, October 14, 2013. Further to the relevant facts dated March 14, 2014 and March 26, 2014, BBVA hereby communicates that the trading period for the free allocation rights of the free-of-charge capital increase adopted under Agenda item four section 4.1 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A. Shareholders held on March 14, 2014 and corresponding to the “Dividendo Opción” program, has ended today, April 14, 2014. Further to the relevant facts dated 12th September, 2014 and 24th September, 2014, BBVA hereby communicates that the trading period for the free allocation rights of the free-of-charge capital increase adopted under Agenda item four section 4.2 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A.

This test is an update of the EBA stress test carried out on December 8, 2011, which was agreed by the European Council on October 26, 2011. The results show that BBVA has a core Tier 1 capital ratio of 9,9% as of June 2012, without including the sovereign buffer. Therefore, BBVA meets the 9% CT1 requirement established by the EBA as well as the sovereign buffer capital requirement established on November 2011. BBVA reports that on 23rd may 2013, has been registered in the Commercial Registry of Vizcaya the public deed formalizing the merger by absorption of Unnim Banc S.A.

Annual

(“Garanti Bank”), therefore, BBVA´s total stake in Garanti Bank now amounts to 39.90%. BBVA notifies that its Board of Directors, at its meeting held today, March 31, 2016, has adopted a resolution, in a process of corporate reorganization of its banking subsidiaries in Spain, to commence the process for the integration of the companies belonging to the BBVA Group, Catalunya Banc, S.A., Banco Depositario BBVA, S.A. As of today, BBVA has received the required administrative authorisations to give full effect to the resolutions approved by the Board of Directors of BBVA in its meeting held on 20 December 2018. Further to the Relevant Event published on August 7, 2019, with registration number at the Spanish CNMV , BBVA informs that, as of today, after obtaining all required authorizations, BBVA has completed the sale to Banco GNB Paraguay, S.A., an affiliate of Grupo Gilinski, of its direct and indirect shareholding stake of 100% share capital in Banco Bilbao Vizcaya Argentaria Paraguay, S.A. Further to the Relevant Events published on November 16, 2020, with registration numbers at the Spanish CNMV 575 and 576, BBVA informs that, as of today, after obtaining all required authorizations, BBVA has completed the sale to The PNC Financial Services Group, Inc. of 100% of the capital stock of its subsidiary BBVA USA Bancshares, Inc., which in turn owns all the capital stock of the bank, BBVA USA. BBVA´s Board of Directors, at its meeting held on 30 June 2021, based on the Audit Committee’s recommendation, and as a result of a tender process carried out by such Committee, has resolved to select Ernst & Young, S.L.

Shareholders held on March 16, 2012 and corresponding to the “Dividendo Opción” program, has ended on, April 30, 2012. BBVA has agreed to carry out an issue of contingent preferred securities convertible into newly issued ordinary shares of BBVA (the “Preferred Securities”), with exclusion of pre-emptive subscription rights for shareholders, for a total nominal amount of 500 million Euros (the “Issuance”). The holders of the remaining 91.01% of the free allotment rights have chosen to receive new BBVA ordinary shares. Thus, the definitive number of BBVA ordinary shares of 0.49 Euros of par value issued in the free-of-charge capital increase will be 78,413,506, and the amount of the capital increase will be 38,422,617.94 Euros. Attached please find a release informing of the result of the preferred securities exchange offer that was announced through a relevant event dated October 6, 2009.

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BBVA hereby reports that on 30th June 2012 has taken place the mandatory partial conversion of the Subordinated Mandatory Convertible Bonds – December 2011 issued by BBVA (the “Convertible Bonds”) outstanding by reducing the 50% of its nominal value. Therefore, the nominal value of the Convertible Bond has been reduced from hundred Euros (€100) to fifty Euros (€50) as from that date. Consequently, 238,682,213 new ordinary BBVA shares have been issued, each with a nominal value of forty-nine euro-cents (€0.49), in order to attend the mandatory partial conversion of the Convertible Bonds. The listing of the new shares on the Madrid, Bilbao, Barcelona and Valencia securities exchanges over the SIBE exchange interconnection system is scheduled for 5th July 2012, such that their ordinary trading would start on 6th July 2012. Listing will be requested on the other non-Spanish securities exchanges where BBVA stock is traded.

Following the publication of the updated “Global Banking Methodology” on May 24, 2017, DBRS Ratings Limited and DBRS, Inc. have concluded the review of certain subordinated debt ratings of several European banking groups started on January 13, 2017. BBVA informs that it has launched an offer of securities contingently convertible into ordinary shares of BBVA (the “Securities”) with the exclusion of the shareholders’ pre-emption right (the “Offer”). BBVA informs that it has launched an offer of securities contingently convertibleinto ordinary shares of BBVA (the “Securities”) with the exclusion of theshareholders’ pre-emption right (the “Offer”). BBVA has reached an agreement with the company “Neon Payments Limited” (the “Company”) for the subscription of 492,692 preference shares of the Company (the “Shares”), representing approximately 21.7% of its share capital, through a share capital increase and in consideration of approximately USD 300 million (the “Subscription”). It has been decided to propose to the Board, in the next board meeting to be celebrated next December 22, the adoption of the decision to distribute the third gross interim dividend against 2009, which would be paid on December 28, 2009, amounting to 0,09 euros for each of all current issued shares. The board of directors of BBVA, at its meeting held today, May 4, 2011, has resolved to appoint the director Mr. José Maldonado Ramos as member of the Executive Committee.