Shareholders held on March 16, 2012 and corresponding to the “Dividendo Opción” program, has ended on, April 30, 2012. BBVA hereby communicates information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Meeting of BBVA Shareholders held on 17th March 2017, under agenda item three, by which the shareholder remuneration system called “Dividend Option” is to be implemented. Accompanying this relevant information notice is an information note regarding the referred capital increase.

Scotiabank has requested to review non-public documentation and information from BBVA Chile and interview managers of the Company in order to analyze the transaction. The Board of BBVA Chile has authorized this request upon signing a non-disclosure agreement. The BBVA Group holds a stake in the share capital of Telefónica, S.A. As of June 30, 2017, the unrealized losses related to this stake amounted to €880 million and were recorded as a reduction of the Group’s total equity.

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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. 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. It is expected to be proposed for the consideration of the competent governing bodies a cash payment in a gross amount of euro 0.15 per share to be paid in April as final dividend for 2017.

BANCO BILBAO VIZCAYA ARGENTARIA, S.A BBVA

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. 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”). Further to the relevant information disclosed by BBVA to the markets on July 21st, 2014, and once the how to become a security consultant in 5 steps necessary authorisations have been obtained and all the agreed conditions precedent have been fulfilled, BBVA announces that it has acquired 1,947,166,809 shares of Catalunya Banc, S.A. (approximately 98.4% of its share capital) for a price of approximately 1,165 million euros. BBVA hereby communicates 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 3.2, by which a shareholder remuneration system called “Dividend Option” is to be instrumented.

In fact, it was not until after the crash of 1929 that these two types of banking began to operate separately. For a discussion of such factors and certain risks and uncertainties to which Oriental is subject, see Oriental’s annual report on Form 10-K for the year ended December 31, 2011, as well as its other filings with the U.S. Other than to the extent required by applicable law, including the requirements of applicable securities laws, Oriental assumes no obligation to update any forward-looking statements to reflect occurrences or unanticipated events or circumstances after the date of such statements. Created in 2010, the awards seek to identify, share and inspire good practices in Latin America and the Caribbean’s financial sector. The award categories reflect distinct types of sustainable development actions, from financial inclusion strategies to the application of new technologies, as well as sustainability reports and projects that reduce the effects of climate change, among others. A bank is a financial institution licensed to receive deposits and provide other services such as mortgage loans and individual retirement accounts.

  • With assets of $391.03 billion, Brazil’s Itaú Unibanco Holding SA is the largest bank in Latin America.
  • This transaction creates a gross extraordinary result for the BBVA Group of approximately the same amount.
  • “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.
  • 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.

With a presence throughout Central America, it also engages in investment banking through subsidiary Corficolombiana and in private pension and severance management through Porvenir. In addition to its banking products, it offers insurance services and retirement plans. Banco Bradesco’s main goal was to attract small business owners, government workers, and the general population when it was founded in 1943. According to the company’s website, it was among the first banks in the country to encourage the use of checks in its branches. It is one of the world’s oldest banks and Brazil’s first financial institutions, having been founded in 1808. The country has a presence in eight countries outside Brazil that spreads across retail, corporate, and investment banking.

He earned both his Bachelor of Science in business administration and his Master of Arts in communication from Marquette University. Voluntary conversion period at the option of said Convertible Bond holders. Strategic review of alternatives pension fund administrators business in Latin America. 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.

Gallery of BBVA Headquarters / Herzog & de Meuron – 3 – Load Ahmet ONCEL

In line with the usual dividend payout schedule, BBVA’s Board of Directors has resolved today the distribution in cash, as gross interim dividend against 2014 results, of euro 0.08 for each of all current issued shares. BBVA’s Board of Directors has resolved today the distribution in cash, as gross interim dividend against 2015 results, of euro 0.08 for each of all current issued shares. Pursuant to the sale and purchase agreement disclosed to the market on February, 21st, 2017, and after fulfilling all the conditions precedent included therein, on the date hereof, BBVA, has completed the acquisition of 9.95% of the total issued capital of Turkiye Garanti Bankasi, A.S., therefore, BBVA´s total stake in Garanti Bank now amounts to 49.85%. BBVA has reached an agreement with a subsidiary of Cerberus Capital Management, L.P. (“Cerberus”) for the creation of a “joint venture” to which the real estate business of BBVA in Spain will be transferred (the “Business”). BBVA will contribute the Business to a single company (the “Company”) and will sell 80% of the shares of such Company to Cerberus at the closing date of the transaction.

Fitch Ratings has announced the modification of BBVA´s senioreferred debt long term rating to A- with stable outlook from A with Rating Watch Negative. This rating change has been driven by the modification of BBVA’s long term Issuer Default Rating to BBB+ with stable outlook from A- with Rating Watch Negative. 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.

BBVA.com

As a result of the evolution of Telefonica’s stock price, as of December 31, 2017 these losses amounted to €1,123 million. 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”).

(“Garanti Bank”) amounting to 9.95% of the total issued share capital of Garanti Bank (the “Acquisition” and the “Shares”, respectively), at a total consideration of 7.95 Turkish Liras per share . The Board of Directors of BBVA has resolved, at its meeting held today, the payment of a cash interim dividend of euro 0.09 per share on account of the 2017 dividend, to be paid on 10 October 2017. The Board of Directors of BBVA has resolved, at its meeting held today, the payment of a cash interim dividend of euro 0.10 per share on account of the 2018 dividend, to be paid on 10 October 2018. The Board of Directors of BBVA has resolved, at its meeting held today, the payment of a cash interim dividend of euro 0.10 per share on account of the 2019 dividend, to be paid on 15 October 2019.

La Estrategia del Día: Banxico ¿75 o 100?, libra esterlina, el pacto de AMLO y la equidad en los bancos

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.

In this article, we highlight some key information about each of these financial institutions, including total assets and a brief history. The region’s banking sector has been among the fastest-growing of its kind in the world. Industry revenue increased 12% on a compound annual basis before the cost of risk between 2012 and 2017.

  • Industry revenue increased 12% on a compound annual basis before the cost of risk between 2012 and 2017.
  • In accordance with International Accounting Standard 36, BBVA Group carries out an annual evaluation of goodwills held within the Group through the corresponding impairment tests.
  • BBVA hereby reports that on 30th June 2013 has taken place the mandatory total conversion of the Subordinated Mandatory Convertible Bonds – December 2011 outstanding issued by BBVA (the “Convertible Bonds”).
  • In the same rating action, the agency has affirmed BBVA’s long and short term Issuer Default Rating at A- with negative outlook and F2, respectively.
  • BBVA will implement the IAS29 accounting standards “Financial Reporting in Hyperinflationary Economies” to its Group entities in Turkey1, with effects from 1st January 2022.
  • BBVA has received a communication from the Bank of Spain regarding its minimum requirement for own funds and eligible liabilities (“MREL requirement”), as determined by the Single Resolution Board (“SRB”).

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. 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 best stock brokers in the us for 2021 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.

Scotiabank acuerda comprar a BBVA un 68 pct de filial chilena

The Board of Directors of BBVA has resolved to propose to the Annual General Meeting of Shareholders a cash payment in a gross amount of EUR 0.16 per share as final dividend for 2018 that will be paid on 10 April 2019 if approved. 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 implies the requirement for BBVA to maintain, as from the 1st March 2019 on a consolidated basis, a CET1 capital ratio of 9.26% and a total capital ratio of 12.76%. 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. 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. Following the relevant event number 578 disclosed on November 16, 2020, BBVA declares that the conversations in relation to a potential merger transaction with Banco de Sabadell, S.A. The Board of Directors of BBVA has resolved the payment of a cash interim dividend of euro 0.08 per share on account of the 2021 dividend, to be paid on 12 October 2021. Although financial institutions today specialize in a certain type of activity, this has not always been the case.

BBVA’s offer was accepted by 99.3% of the Preferred Shares and 82.0% of the Subordinated Debt Securities. BBVA’s Board of Directors has approved today the distribution, as gross interim dividend against 2012 results, of euros 0.10 for each of all current issued shares. The acquisition from Dogus Holding A.S., Ferit Faik Şahenk, Dianne Şahenk and Defne Şahenk (together, the “Sellers) of 62,538,000,000 shares of Turkiye Garanti Bankasi, A.S. fxpro review (“Garanti Bank”) amounting to approximately 14.89% of the total issued share capital of Garanti Bank (the “Acquisition” and the “Shares”, respectively). Pursuant to the agreements disclosed to the market on November, 19th, 2014, on the date hereof, BBVA, has completed the acquisition of 14.89% of the total share capital of Turkiye Garanti Bankasi, A.S. (“Garanti Bank”), therefore, BBVA´s total stake in Garanti Bank now amounts to 39.90%.

BBVA confirms that it is maintaining conversations with representatives of Banco de Sabadell, S.A., with the authorization of its Board of Directors, in relation to a potential merger transaction between the two entities. The entities have initiated a reciprocal due diligence review process as is customary in this type of transactions and have appointed external advisors. 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 exclusively through telematic means foreseeably at second call on 20 April 2021, which has been published today on the daily press and on BBVA’s website. As a result of the Supervisory Review and Evaluation Process carried out by the European Central Bank , BBVA has received a communication determining a Pillar 2 requirement of 1.5%, applicable at individual and consolidated level, of which at least 0.84% must be complied with Common Equity Tier 1 . The Pillar 2 requirement remains at the same level as determined in the previous SREP Decision. Further to the notice of Inside Information of 29 October 2021, with registration number 1127 (the “Initial II”) , and to the notice of Inside Information of 19 November 2021, with registration number 1182 (the “II for First Tranche Execution”) , the Board of Directors of BBVA has agreed, within the framework of the Program Scheme, to carry out a second buyback program (the “Second Tranche”).