Banco Bilbao Vizcaya Argentaria
1857 predecessor bank Banco de Bilbao
- Francisco González, Chairman and CEO
- Ángel Cano Fernández, President and COO
Banco Bilbao Vizcaya Argentaria ( BBVA ) is a banking institution and a company in financial services with a more than 150 -year history. It is the second largest bank in Spain, one of the largest banks in Latin America, the U.S. and the world and has its registered office in Bilbao, as well as the operating headquarters in Madrid. The Bank has more than 110,000 employees and 47 million customers around the world.
The Bank is one of the 28 major banks, which by the Financial Stability Board (FSB) as " systemically important financial institution" ( systemically important financial institution) were classified. Therefore it is subject to special monitoring and stringent requirements on the level of equity.
- BBVA Bancomer in Mexico 5.2.1
- 5.2.2 BBVA Puerto Rico
- 5.2.3 BBVA Panama
- 5.2.4 BBVA Compass in the U.S.
- BBVA Banco Francés 5.3.1 in Argentina
- 5.3.2 BBVA in Bolivia
- 5.3.3 BBVA Chile
- 5.3.4 BBVA Colombia in Colombia
- 5.3.5 BBVA in Ecuador
- 5.3.6 BBVA Paraguay
- 5.3.7 BBVA Banco Continental in Peru
- 5.3.8 BBVA Uruguay
- 5.3.9 BBVA Banco Provincial in Venezuela
- 5.4.1 China 18.104.22.168 15 - % stake in China CITIC Bank
- 22.214.171.124 30 - % stake in Citic International Financial Holdings
The first bank of the group, the Banco de Bilbao, was founded in 1857 with support from the Junta de Comercio de Bilbao. The Bank worked as a private central bank and gave to 1874 banknotes.
In 1988 it merged with Banco de Vizcaya, which was founded in 1901 to Banco Bilbao Vizcaya ( BBV ). The BBV merged with Argentaria in 1999 for his part ( Corporación Bancaria de España). Argentaria was born in 1991 from the merger of state of Spanish banks, including the Spanish foreign bank Banco Exterior de España ( inter alia for export credits), the postal savings bank Caja Postal de Ahorros and the state mortgage bank Banco Hipotecario, and was privatized between 1993 and 1998.
BBVA shares are traded on the Spanish stock exchanges in London and Mexico. In addition, so-called American Depositary Receipts (ADRs ) on the New York Stock Exchange (NYSE) and Lima ( Peru ) Stock Exchange in circulation. As of November 28, 2010 is BBVAs share capital in the amount of more than EUR 2.2 billion from 4.490.908.285 fully paid shares with a nominal value of 0.49 EUR. The stock is part of the Spanish IBEX 35 index and the EURO STOXX 50 Furthermore, it is part of various sustainability indices such as the Dow Jones Sustainability Indexes DJSI World, DJSI STOXX and DJSI EURO STOXX or the ASPI Euro zone index and the FTSE KLD Global Sustainability Index. It is traded under the ticker symbols BBVA and BBVAUS.
In addition, shares of BBVA Banco Continental subsidiaries, SA, Banco Provincial SA, BBVA Colombia, SA, BBVA Chile, SA, BBVA Banco Frances, SA AFP Provida and traded on the relevant local stock exchanges and partly also on the NYSE and the Madrid Stock Exchange.
BBVA is like most big banks regularly assessed by the rating agencies Standard & Poor 's, Moody's, Fitch Ratings and DBRS in respect of the solvency and creditworthiness.
Currently (01 / 2013) evaluate the agencies we BBVA follows:
BBVA This is for all agencies in the investment grade range for the Long Term rating and achieved acceptable scores for the Short-Term rating.
About the rating group also have various units of the national group ratings in the respective countries (eg Argentina, Chile, Paraguay, Colombia and the U.S.).
BBVA in Germany, Austria and Switzerland
The business of BBVA focuses in German-speaking to the corporate and investment banking and capital markets business. It maintains branch offices in Frankfurt and Dusseldorf. The staff in these branches serve large international corporate clients and institutional investors in cooperation and with the support of specialists and industry teams in Spain, London, New York, Paris, Latin America and Asia.
The services offered in the Corporate and Investment Banking include in particular advising on mergers and acquisitions ( historically the focus of this activity in the Spanish-speaking world and through the cooperation with Garanti Bank is now in Turkey ) as well as bond issues, risk management, structuring and providing large syndicated corporate loans, project finance and trade finance as well as the development of comprehensive cash management solutions ( also focus on Spain and Portugal, and Central and South America).
In the capital market business both government and corporate bonds and interest rate derivatives and structured solutions in terms of foreign exchange, inflation and raw materials are available. In addition, the company's clientele is offered here on a wide range of risk hedging instruments relating to interest rate, currency and other changes in value.
BBVA operates in over 30 countries with a total of 7,978 branches present. The historical focus is then in Spain and Portugal as well as in Central and South America. However, in the recent past, BBVA also has significant market positions in other countries, such as to build the United States and Turkey.
BBVAs presence in Europe is mainly aimed at the Spanish and Portuguese markets. The Corporate & Investment Banking and Global Markets is also represented with offices in Germany, France, Great Britain, Italy and Switzerland as well as representative offices in Russia and Belgium.
BBVA in Spain
In Spanish home market, BBVA enjoys a leading position in all offered financial services areas. With a market share of 8.5 % in deposits and 10.5 % of the loans the bank holds second place in the market. In the particularly attractive for banks usually pension funds management, it has a market share of 18.9 % even the first rank. Overall, a good 29,000 people work for BBVA in Spain in more than 3,000 stores.
In addition, BBVA has 7 March 2012 the acquisition of Unnim Banc, SA Announced Sociedad Unipersonal from Spanish rescue fund FROB. The acquisition price is one euro. In addition, the FROB assumes extensive safeguards, such as the acquisition of 80% of any applicable ending losses of the acquired real estate loans of Unnim. With this acquisition, BBVA doubled its market share in Catalonia, the most industrialized and one of the richest regions in Spain. The integration is expected to be completed by mid 2013.
BBVA in Portugal
As a predecessor of BBVA Portugal, S. A. BBV began its operations in Portugal in June 1991. The structure of this activity was primarily due to the acquisition of the Portuguese branches of Lloyds Bank Plc and Bilbao Vizcaya, Sociedade de Investimentos SA In the years 2000 to 2002 BBVA Portugal was formed by the merger of the Portuguese BBV Argentaria activities in Portugal and grew through further acquisitions such as the purchase of the Portuguese operations of Crédit Lyonnais, the acquisition of Midas and the private client business of Banco Efisa. At the end of 2009, the total assets of the Portuguese BBVA units that are represented with more than 100 branches in the country, over EUR 7 billion.
North and Central America
BBVA Bancomer in Mexico
In Mexico, BBVA Bancomer BBVA represented on companies and Afore Bancomer BBVA ( pension fund management). Bancomer was founded in 1932 under the name Banco de Comercio and located since 2000 majority owned by BBVA. After a tender offer for all outstanding shares in 2004, BBVA Bancomer BBVA holds 98.88 % stake. BBVA Bancomer, with more than 2,000 offices, a market share of just 28.2 % in deposits and 30.1% for loans in two business activities clearly the largest bank in the country. When pension funds management it has a market share of 15.9 % in second place.
BBVA Puerto Rico
BBVA Puerto Rico with more than 40 offices one of the leading banks in Puerto Rico. It arose from the acquisition of Banco Comercial de Mayagüez in 1979 by Banco de Vizcaya ( BBVA today ). Banco Comercial de Mayaguez was founded in 1967 in Puerto Rico and has historically a strong presence in the local market. Further acquisitions in the 1990s have further expanded its market position. BBVA Puerto Rico was sold in late 2012.
About the meantime to BBVA Panama fused units BEX Panama and Panama BBV BBVA is present in Panama since 1968, and has since its market position can further solidify there. Overall BBVA is represented with 18 offices in Panama.
BBVA Compass in the U.S.
In 2005, BBVA acquired Laredo National Bank, based in Laredo, Texas. In 2006, BBVA acquired Texas Regional Bancshares also of McAllen and State National Bancshares BBVA what made it the fourth largest bank in Texas.
The biggest step to a major U.S. presence, however, was announced on February 16, 2007 acquisition of Compass Bancshares, Inc., headquartered in Birmingham, Alabama. BBVA intends with this acquisition and consolidation of previously acquired banks to establish under the name BBVA Compass, the largest bank in the so-called Sun Belt ( Sun Belt) of the United States. The transaction was completed on September 7, 2007. Compass Bancshares left that day completely into the possession of BBVA. BBVA Compass is a financial holding company with total assets of over USD 65 billion. The corresponding assets are located principally in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas. BBVA Compass is a 25 largest banks in the country. Before its acquisition by BBVA Compass Bancshares Inc. was the equity component of the S & P 500 Index and the Dow Jones Select Dividend Index.
On 24 August 2009 was also announced that BBVA Compass will take over the bankrupt gone Guaranty Bank of Texas by the FDIC and thus further expanding its position in the Spanish-speaking U.S. market.
After this acquisition, BBVA Compass claims to be today with deposits of more than 49 billion USD and more than 750 branches, the five tenth largest bank in the United States.
BBVA has a very extensive network in South America. About the activities, also listed below, the Bank maintains representative offices in Havana and São Paulo.
BBVA Banco Francés in Argentina
BBVA Banco Francés was founded on 14 October 1886 in Buenos Aires as Banco Francés del Río de la Plata, making it the oldest private bank in the country. It is equipped with more than 270 offices and a deposit base of more than 18 billion AR $ ( at 09 / 2009), the third largest bank in Argentina. In December 1996, BBVA acquired through the purchase of Otar SRL indirectly a 30.04 % stake in Banco Francés, which was increased gradually until the end of 2009 to 75.97 %.
BBVA in Bolivia
In Bolivia, BBVA operates through its pension fund managers Prevision AFP with 9 offices. The business here is limited, however, mainly due to the pension fund management. Prevision AFP is the largest manager of pension funds in the country.
BBVA entered the Chilean market in October 1998. The then operating under the name of BBV Banco BHIF unit was renamed in 2003 in BBVA Chile. The Bank is represented in Chile through various subsidiaries ( eg BBVA Sociedad de Leasing Inmobiliario SA, BBVA Asesorías Financieras SA, BBVA Corredores de Bolsa SA, BBVA Administradora General de Fondos SA, BBVA Corredora Técnica de Seguros Limitada and BBVA Factoring Limitada ) and today is an integral part of the Chilean banking world. About 75.5 % stake in forum BBVA is also the largest vehicle financier in the country. It occupies a 6.9 -percent share of deposits and 7.6 % in loans each to fourth place in the market. In addition, it is in the pension fund management with a market share of 30.5%, the clear market leader.
BBVA Colombia in Colombia
In 1996, BBVA Acquired 40 % of the time listed Banco Ganadero, which was gradually built up to the year 2001 to 95.16 %. In the course of acquiring Banco Ganadero was first to BBVA Banco Ganadero and in 2004 finally renamed to BBVA Colombia. BBVA Colombia is relative to their market share of about 10.2 % in deposits and 9.6 % for loans is the fourth largest bank in the country. When pension funds management it has a market share of 16.4 % in third. In addition, the magazine The Banker BBVA Colombia as part of its annual awards has honored in December 2010 as ' Best Bank in Colombia '.
BBVA in Ecuador
BBVA is represented with a total of 13 offices in Ecuador. The Group's operations here but is limited to the pension fund management by AFP Génesis. AFP Génesis is the largest manager of pension funds in the country.
Today's BBVA Paraguay was founded in 1961 as the Banco Exterior de España. Due to various mergers of the parent company in Spain for today's BBVA, the bank was renamed on 18 April 2000 in BBVA Paraguay. Today BBVA Paraguay is the second largest bank in the country. She is here represented with 22 offices and historically focused active in corporate banking.
BBVA Banco Continental in Peru
Banco Continental was founded in 1951 and in 1995 part of BBVA. BBVA Banco Continental in charge of the Peruvian market with more than 240 branches and 4,000 employees well. BBVA Banco Continental, with a market share of 21.9 % in deposits and 23.7 % for loans in two business activities, the second-largest bank in the country. When pension funds management it has a market share of 23.6 %, also the second rank.
BBVA Uruguay in 2002 from the merger of BBV Banco Francés SA Uruguay and Banco Exterior de América S. A. Argentina emerged. In January 2010, BBVA also announced the acquisition of Credit Uruguay Banco, by the French Crédit Agricole SA, is known. BBVA is therefore now represented with 45 offices in Uruguay. This acquisition makes BBVA Uruguay 's second largest private bank in the country.
BBVA Banco Provincial in Venezuela
Banco Provincial was founded in 1953 in Caracas and taken over in 1997 by BBVA. As one of the few nichtverstaatlichten banks in Venezuela find themselves regularly discussions and rumors about the future of BBVA Banco Provincial and its activities in Venezuela in national and international media. To date, this has the management of the Bank's commitment BBVA constantly been reaffirmed in this country and rejected any sale speculation. Today, BBVA Banco Provincial in Venezuela, with a market share of 9.6 % in deposits and 11.3 % for loans is the fourth -, or third-largest bank in the country. In addition, the magazine The Banker BBVA Banco Provincial in the annual awards has honored in December 2010 as ' Best Bank in Venezuela '.
In Asia, BBVA operates primarily with offices in Tokyo, Hong Kong, Singapore and Seoul. In Moscow, Mumbai, Beijing, Shanghai, Sydney and Taipei beyond representative offices are entertained. The recent growth aspirations of the group also led to an increased commitment in Turkey and significant projects in China and India.
BBVA is about two stakes in companies of CITIC Group, a branch in Hong Kong, focusing on wholesale banking, active in China.
15 - % stake in China CITIC Bank
Through the acquisition of blocks of shares BBVA currently holds 15 % stake in China CITIC Bank. One of the largest banks in China and a subsidiary of the State- owned China International Trust and Investment Company. In this context, BBVA operates particularly in the areas of corporate banking, trade finance and cash management closely with CITIC.
30 - % stake in Citic International Financial Holdings
About the share of China CITIC Bank in ' Mainland China ' addition BBVA holds a 30 - percent stake in Hong Kong-listed Citic International Financial Holding, which is part of the same Chinese conglomerate as the China CITIC Bank ( CITIC Group) is. Based on these two holdings, BBVAs investment in China amounted to EUR good 3 billion.
BOBCARDS in India
On 15 December 2010, BBVA announced the agreement on the acquisition of 51% of BOBCARDS, the credit card service of Bank of Baroda, a state-owned bank with 36 million customers and more than 3,100 branches in India, is known. As part of this joint venture BOBCARDS to grow into the leading credit card provider in India. The acquisition of a majority stake in BOBCARDS is the first step of BBVA in view of the Indian retail banking business (retail banking).
24.9 - % stake in Turkey's Garanti Bank
On 2 November 2010, the acquisition of a 24.9 per cent stake in the Turkish bank Garanti by BBVA was announced. Garanti is with 9.5 million customers, 800 branches and total assets of more than EUR 60 billion a leading bank in Turkey. 18.6% of Garanti shares were acquired by the U.S. conglomerate General Electric. Additional 6.3 % comes from the Turkish Dogus Group, which holds a further 24.9 % stake in Garanti. BBVA and Dogus Group have also signed an agreement for the joint management of Garanti. The purchase price for the share acquired by BBVA amounts to EUR 4.2 billion. To finance BBVA issued in a capital increase in November 2010 for EUR 5 billion new shares. On March 22, 2011, the transaction was completed. Since then, the Supervisory Board of Garanti Bank, each with 4 envoys from BBVA and Dogus Group is busy. This means that any decision of the Supervisory Board requires the consent of BBVA and Dogus Group.
Situation in the home market
Spain marched in the context of the European debt crisis temporarily into focus, as the country suffered significant losses in its economic performance. In this context, there were fears that it could come for the Spanish government to difficulties in raising capital. So far, however, this was not the case and in particular the Spanish banks have recently proven that they can hold the information necessary for their refinance on the market through bonds.
The share of non-performing loans to total loans BBVAs stabilized in the first quarter of 2010 at 4.3 % and dropped to 4.1% at year end.
BBVA is a major sponsor of sports and culture. Among the most important sponsorship contracts with the Spanish Professional Football League ( Liga de Fútbol Profesional (LFP ) ) and the American Basketball Association include (NBA) concluded exclusive contracts. In this context, the first Spanish football league was renamed the Liga BBVA and the second football league in Liga Adelante. BBVA is the official bank of the NBA in the United States, Spain and Puerto Rico. About the Sport also promotes BBVA museums (such as the Museo del Prado in Madrid and the Guggenheim Museum Bilbao ), music (eg the Albéniz Foundation and the Escuela Superior de Música Reina Sofía ), or the spread of the Spanish language in the form of Fundéu Foundation.