BBVA | The Corner .eu

Markets 14th December 2011

BBVA’s president González: “The UK will accept the new EU measures”

MADRID | The president of BBVA, Francisco González, commented at a press conference in Seul during the inauguration of a new branch in the Korean capital, that the worst part of European debt crisis is already over. González’s statement did not go unnoticed in any of the Spanish economic newspapers. “Francisco González pointed out that there would be no problems in the implementation of measures agreed during the meeting of European leaders…

Companies 24th November 2011

Good marks for BBVA’s €3.5-billion swap

The financial City of Madrid expects BBVA to close the bank’s gap in core capital required by Basel III, after the group’s board approved this week an offer of mandatory convertible bonds in exchange for €3.475 billion in preferred shares. Customers who hold the preferred shares distributed by BBVA in Spain will have the opportunity to exchange these at 100% of their nominal value for mandatory convertible bonds. The new bond, with…

Markets 20th September 2011

Spanish banks wonder: what Italian domino effect?

Spain’s banking sector rejected with some simple data at hand the domino-effect buzz renewed after Italian sovereign bonds were hit on Tuesday by a Standard&Poor’s downgrade. In fact, the only Spanish banks with Italian debt are BBVA and La Caixa. This comment comes from Ahorro Corporación Financiera analysts in Madrid: “In the early hours of the morning, ratings agency S&P reduced the rating of Italy’s sovereign debt from A +…

aggregation line 7th September 2011

"BBVA, Santander up with the four most solvent European banks"

In a report that analyzed the fifty largest financial groups in Europe, the risk agency Standard & Poor’s (S&P) ranking highlights credit grades awarded to each of them. In the classification, the two Spanish giants BBVA and Santander appear in the top positions. El Economista informs that “They occupy third and fourth steps respectively, based on the quality of their rating.” Of course, both still face the threat of a downgrade if the…

aggregation line 7th September 2011

“BBVA, Santander up with the four most solvent European banks”

In a report that analyzed the fifty largest financial groups in Europe, the risk agency Standard & Poor’s (S&P) ranking highlights credit grades awarded to each of them. In the classification, the two Spanish giants BBVA and Santander appear in the top positions. El Economista informs that “They occupy third and fourth steps respectively, based on the quality of their rating.” Of course, both still face the threat of a downgrade if the…

Spanish economy 10th February 2011

Do we have to talk about it? Unemployment numbers in Spain

Someone even lost his temper: “If we need a bit of help with some tens of thousands of millions of euros, why not saying so? We must avoid the risk of an intervention. If a special loan could ease our internal difficulties, for instance with the financial system, let’s do it.” Finance minister Elena Salgado simply retorted to BBVA’s chairman Francisco González, whose words you just read, that such a question was…