Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, S.A.

BBVA head-office building in Bilbao.
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	€23.680 billion (2015)[1]
Operating income	€6.81 billion (2015)[2]
Net income	€2.642 billion (2015)[1]
Total assets	€750.07 billion (2015)[3]
Total equity	€55.43 billion (2015)[3]
Number of employees	137,968 (2015)[4]
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.^[5] The company is a component of the Euro Stoxx 50 stock market index.^[6]

Credit ratings

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

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."^[11] The banking industry recognizes BBVA to be more pro-technology than many of its competitors.^[11]

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  BBVA head-office building in Bilbao.

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  BBVA building in Madrid.

International subsidiaries

• BBVA Banco Francés
• BBVA Prevision AFP
• BBVA Bancomer
• BBVA Banco Continental
• BBVA Compass
• BBVA Banco Provincial
• Simple Finance Technology Corporation

U.S. sports market presence

On September 13, 2010 BBVA became an official sponsor of the NBA.^[12] 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.

See also

• BBVA Rising Stars Challenge NBA exhibition basketball game
• BBVA Foundation Frontiers of Knowledge Award annual science and humanities award since 2009
• eabh (The European Association for Banking and Financial History e.V.)

References

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)
Air Liquide Airbus Group Allianz Anheuser-Busch InBev ASML Holding Assicurazioni Generali AXA Banco Bilbao Vizcaya Argentaria Banco Santander BASF Bayer BMW BNP Paribas Carrefour Saint-Gobain Daimler AG Deutsche Bank Deutsche Post Deutsche Telekom Enel Engie SA Eni E.ON Essilor International Fresenius SE Groupe Danone Iberdrola Inditex ING Group NV Intesa Sanpaolo L'Oréal LVMH Moët Hennessy Louis Vuitton Münchener Rückversicherungs-Gesellschaft Nokia Orange S.A. Philips Electronics SAFRAN Sanofi SAP SE Schneider Electric Siemens Société Générale SA Telefonica Total S.A. Unibail-Rodamco UniCredit Unilever Vinci SA Vivendi Volkswagen Group

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