Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, S.A.


Type	Sociedad Anónima
Traded as	BMAD: BBVA NYSE: BBVA
Industry	Financial services
Predecessor	Banco Bilbao Vizcaya, S.A. Argentaria, S.A.
Founded	Bilbao, Spain 1857 (1857)
Headquarters	Bilbao, Spain
Key people	Francisco González, Group Executive Chairman Carlos Torres Vila, CEO
Services	Banking, insurance, asset management
Revenue	€21.39 billion (2013)^[1]
Operating income	€10.19 billion (2013)^[1]
Total assets	$764.7 billion (2015)^[2]
Total equity	€44.81 billion (end 2013)^[1]
Number of employees	109,305 (end 2013)^[1]
Slogan	Adelante (Forward & Ahead)
Website	www.bbva.com

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) (Spanish pronunciation: [ˈbaŋko βilˈβao βiθˈkaʝa arxenˈtaɾja] is a multinational Spanish banking group. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the second largest bank in Spain.^[3] The company is a component of the Euro Stoxx 50 stock market index.^[4]

Credit ratings

As of March 2013 BBVA had the following debt ratings with the four major rating agencies:

Rating Agency	Long Term Rating	Short Term Rating
S&P^[5]	BBB- (Outlook: Stable)	A-3
Moody’s^[6]	Baa2 (Outlook: Positive)	P-3
Fitch^[7]	BBB+ (Outlook: Stable)	F-2
DBRS^[8]	A (Outlook: Negative)	R-1 (middle)

Mergers and acquisitions

In February 2014, BBVA acquired Simple, a then four-year-old direct bank for 117 million. BBVA executive chairman, Francisco González, explained why banks must get with the technology program: "Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death."^[9] The banking industry recognizes BBVA to be more pro-technology than many of its competitors.^[9]

BBVA head-office building in Bilbao.
BBVA building in Madrid.

U.S. sports market presence

On September 13, 2010 BBVA became an official sponsor of the NBA.^[10] From 2011 to 2014, BBVA sponsored the Birmingham Bowl, a postseason college football game played in Birmingham, Alabama, during which time the game was known as the BBVA Compass Bowl. For the first three editions under the sponsorship contract, the game featured teams from the Big East Conference and Southeastern Conference. Following the 2013 split of the Big East along football lines, the former Big East berth was inherited by that conference's football-sponsoring offshoot, the American Athletic Conference. On May 12, 2012, BBVA Compass Stadium opened in downtown Houston, Texas. It was built as the home for the Houston Dynamo soccer team, and from its opening has also hosted the Texas Southern University football team. Since 2014, the stadium has also hosted home games of the Houston Dash, a team in the National Women's Soccer League that is owned and operated by the Dynamo.

References

1 2 3 4 "Annual Results 2013". BBVA. Retrieved 7 February 2014.
↑ "The World’s Biggest Public Companies". Forbes.
↑ "Los cuatro grandes, más fuertes que nunca (The big four, stronger than ever) (spanish)". ABC.es.
↑ "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news".
↑ "S&P Research Update: BBVA 'BBB+/A-3' Ratings Affirmed Despite Rising Economic Risk In Spain; Outlook Stable", December 2, 2013
↑ "Moody’s Rating Report", March 4, 2014
↑ "Fitch Downgrades Santander & BBVA to 'BBB+'/Negative Outlook on Sovereign Action", November 8, 2013
↑ "DBRS Lowers BBVA to 'A' After Downgrade of Spain to A (low), Trend Now Negative", August 10, 2012
1 2 David Wolman (February 26, 2014). "The Bank and the Anti-Bank". The New Yorker. Retrieved 26 January 2015.
↑ Reuters Editorial (13 September 2010). "BBVA becomes NBA sponsor". Reuters India.

External links

Wikimedia Commons has media related to BBVA.

Official website
BBVA Foundation (in Spanish)

Euro Stoxx 50 companies of the Euro Area (Last update October 2015)

Articles and topics related to Banco Bilbao Vizcaya Argentaria

IBEX 35 companies of Spain

50 largest banks and bank holding companies in the United States

Ally American Express BancWest* Bank of America Bank of New York Mellon BB&T BBVA Compass* BMO Harris* Capital One Charles Schwab CIT Citigroup Citizens Comerica Deutsche* Discover E-Trade Fifth Third First Niagara GE Capital Goldman Sachs HSBC Bank USA* Huntington John Deere JPMorgan Chase Key M&T Morgan Stanley MUFG Union* Mutual of Omaha Nationwide New York Community Northern Trust People's United PNC Popular RBC USA* Regions Santander* State Farm State Street SunTrust SVB Synchrony TD* TIAA U.S. USAA Wells Fargo Zions

* indicates the U.S. subsidiary of a non-U.S. bank. Inclusion on this list is based on U.S. assets only, and is current as of December 31, 2015.

Members of Euro Banking Association

Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg AG BKS Bank AG Erste Group Bank AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Zentralbank Österreich AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank und Sparkassen AG

Belgium	Dexia Bank NV KBC Bank NV Bank van De Post

Cyprus	Bank of Cyprus Hellenic Bank

Denmark	Amagerbanken A/S Arbejdernes Landsbank A/S Danske Andelskassers Bank A/S Danske Bank A/S DiBa Bank A/S Djurslands Bank A/S Jyske Bank A/S Nordjyske Bank A/S Nørresundby Bank Østjydsk Bank A/S Ringkøbing Landbobank Roskilde Bank A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank A/S Vestfyns Bank A/S Vestjysk Bank

Finland	Aktia Bank PLC Bank of Åland PLC Pohjola Bank PLC S-Bank LTD. Tapiola Bank LTD

France	Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas SA BPCE BRED Banque Populaire Crédit Agricole SA Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale

Germany	Berenberg Bank BHF Bank Bremer Landesbank Commerzbank AG Deutsche Bank AG Deutsche Bundesbank Deutsche Postbank DZ Bank AG Europe Arab Bank Frankfurt Hamburger Sparkasse AG J.P. Morgan Chase Bank AG Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss EURO CLEARING Bank GmbH The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland) AG

Greece	Alpha Bank SA Eurobank Ergasias SA National Bank of Greece SA Piraeus Bank SA

Hungary	Magyar Nemzeti Bank OTP Bank FHB Mortgage Bank Merkantil Bank Kereskedelmi és Hitelbank Magyar Takarékszövetkezeti Bank MKB Bank Porsche Bank Hungaria Kinizsi Bank MagNet Bank Hanwha Bank Budapest Hitel- és Fejlesztési Bank

Ireland	Allied Irish Banks Bank of Ireland

Italy	Banca Agricola Popolare di Ragusa Banca del Fucino Banca del Piemonte Banca delle Marche Banca di Imola Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare dell'Emilia Romagna Banca Popolare di Milano Banca Popolare di Sondrio Banca Popolare di Vicenza Banca Sella Banca Tercas Banco Popolare Cassa di Risparmio della Provincia di Chieti Cassa di Risparmio di Cesena Cassa di Risparmio di Fermo Cassa di Risparmio di Ferrara Cassa di Risparmio di Loreto Cassa di Risparmio di Ravenna Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Istituto Centrale delle Banche Popolari Italiane Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige Südtiroler Volksbank – Banca Popolare dell'Alto Adige UBI Banca UniCredit Veneto Banca

Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg SA KBL European Private Bankers Société Générale Bank & Trust

Netherlands	ABN Amro Bank NV De Nederlandsche Bank ING Bank NV Rabobank Nederland

Poland	Bank BPH SA Narodowy Bank Polski

Portugal	Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco

Slovenia	Banka Slovenije

Spain	Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.

Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank AB Nordea Bank AB

United Kingdom	Bank of Tokyo-Mitsubishi UFJ Ltd. Barclays Bank PLC Citibank NA DNB Bank (NOR) HSBC Bank PLC JPMorgan Chase Bank, N.A., London Branch Kookmin Bank International Ltd. Lloyds Bank PLC MashreqBank psc (UAE) Royal Bank of Scotland PLC UBS AG Wells Fargo Bank NA

Non-EU	Bank of China (CHN)

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