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India

Banco Bilbao Vizcaya Argentaria SA (BBVA.MC)

BBVA.MC on Madrid SE C.A.T.S.

2.17EUR
4:15pm IST
Change (% chg)

€-0.14 (-6.10%)
Prev Close
€2.31
Open
€2.29
Day's High
€2.29
Day's Low
€2.15
Volume
23,299,399
Avg. Vol
26,932,215
52-wk High
€5.34
52-wk Low
€2.15

Latest Key Developments (Source: Significant Developments)

Rubean Gets Order From BBVA Bank For Testing Mobile Payment Solution
Thursday, 20 Aug 2020 

Aug 20 (Reuters) - RUBEAN AG ::RUBEAN RECEIVES ORDER FROM BBVA BANK FOR TESTING A MOBILE PAYMENT SOLUTION.TRIAL IS TO BE LAUNCHED THIS YEAR AS PART OF A PILOT PROJECT WITH UP TO 2000 MERCHANTS IN SPAIN.  Full Article

BBVA Says One Major Concern Is That COVID-19 Is Still Not Under Control In Mexico And Peru
Thursday, 30 Jul 2020 

July 30 (Reuters) - Chief Financial Officer Of Spain's BBVA , Jaime Sainz de Tejada::SAYS THAT ONE OUR MAJOR CONCERNS IS THAT COVID-19 PANDEMIC IS STILL NOT UNDER CONTROL IN MEXICO AND PERU.CEO, ONUR GENÇ, SEES HOWEVER SLIGHTY LOWER PROVISIONS IN MEXICO IN SECOND HALF OF THE YEAR COMPARED TO FIRST HALF.  Full Article

BBVA's CEO Says Bad Loans And Cost Of Risk In Mexico And Turkey Might Rise, But Returns Are Higher
Thursday, 30 Jul 2020 

July 30 (Reuters) - Chief Executive Officer Of Spain's BBVA , Onur Genç::SAYS BAD LOANS AND COST OF RISK IN MEXICO AND TURKEY MIGHT RISE IN THE FUTURE, BUT RETURNS IN THOSE BUSINESSES ARE HIGHER.  Full Article

BBVA's CFO Says It Could Also Buy back Shares As Part of Future Dividend Policy
Thursday, 30 Jul 2020 

July 30 (Reuters) - Chief Financial Officer Of Spain's BBVA , Jaime Sainz de Tejada::SAYS THAT ONCE IT CAN RESUME DIVIDEND PAYMENTS, IT COULD PAY PART IN CASH AND PART IN SHARE-BUY-BACKS.CEO ONUR GENÇ EXPECTS TO END 2020 WITH POSITIVE RESULTS AT A GROUP LEVEL AND ALSO IN SPAIN.CEO SAYS NOT PLANNING ANY MAJOR STAFF LAYOFFS IN SPAIN.SEES COST OF RISK FALLING TO BELOW 100 BASIS POINTS IN SPAIN TOWARDS END OF 2020.CEO SAYS HOWEVER IF NEW LOCKDOWNS IN SPAIN ARE IMPOSED OUTLOOK COULD CHANGE.CEO SAYS PRIORITY IS FOCUSED ON ORGANIC GROWTH, BUT COULD ANALYZE ANY M&A OPTIONS.CEO SEES SCOPE FOR CONSOLIDATION IN SPAIN AND EUROPE AS A WAY TO IMPROVE BATTERED PROFITABILITY.  Full Article

BBVA's CFO Says Is Not Foreseeing Goodwill Adjustments Of Its Units In Mexico Or Turkey
Thursday, 30 Jul 2020 

July 30 (Reuters) - Chief Official Officer Of Spain's BBVA , Jaime Sainz de Tejada::SAYS IS NOT FORESEEING ANY GOODWILL ADJUSTMENTS OF IS UNITS IN MEXICO OR IN TURKEY."OUR GOODWILL IN MEXICO IS BARELY 450 MILLON EUROS, WITH A BOOK VALUE OF 9.5 BILLION EUROS AND IN TURKEY IT IS OF 301 MILLION WITH A BOOK VALUE OF 3.9 BILLION EUROS. THERE ARE VERY SMALL FIGURES THAT WOULD HAVE NO MATERIAL IMPACT ON THE GROUP".CEO, ONUR GENÇ, SAYS ECONOMIC OUTLOOK IN MEXICO HAS WORSENED DUE TO COVID-19.CEO SEES DEEPER CONTRACTION OF MEXICAN ECONOMY IN 2020 BUT ALSO STRONGER REBOUND IN 2021.CEO SAYS THERE ARE NO MAJOR UPDATES ON ALLEGED SPYING CASE, IS FULLY COMMITTED TO COOPERATE WITH JUDICIAL AUTHORITIES IN SPAIN.CEO SAYS PRETRIAL PROCEEDGINS IN ALLEGED SPYING CASE ARE STILL AT EARLY STAGE.CEO SAYS AS OF TODAY HAS NOT IDENTIFIED ANY RELEVANT IMPACT ON ITS BUSINESS RELATED TO ALLEGED SPYING CASE.CEO SAYS THE BANK'S REPUTATION HAS NOT BEEN AFFECTED BY ALLEGED SPYING CASE.  Full Article

BBVA CEO Says Is Seeing Some Signs Of Economic Recovery In Spain, Turkey And The U.S.
Thursday, 30 Jul 2020 

July 30 (Reuters) - Chief Executive Officer Of Spain's BBVA , Onur Genç::SAYS IS SEEING SOME SIGNS OF ECONOMIC RECOVERY IN SPAIN, TURKEY AND THE U.S..CFO, JAIME SAINZ DE TEJADA, SAYS IF WE DO NOT SEE ANOTHER LOCKDOWN WE EXPECT A BETTER SECOND PART OF THE YEAR.  Full Article

CEO Of BBVA Says Does Not Expect To Go Back To Pay Scrip Dividens In The Future
Thursday, 30 Jul 2020 

July 30 (Reuters) - Chief Executive Officer Of Spain's BBVA , Onur Genç::EXPECTS TO END 2020 WITH CORE TIER-1 CAPITAL RATIO ABOVE BANK'S TARGET.REITERATES DOES NOT EXPECT ANY DIVIDEND AGAINST 2020 RESULTS UNTIL UNCERTAINTIES OVER CORONAVIRUS DISAPPEAR.SAYS OUR FUTURE INTENTION IS TO RESUME DIVIDEND POLICY.SAYS DOES NOT EXPECT TO GO BACK TO PAY SCRIP DIVIDENDS IN FUTURE.  Full Article

BBVA Expects Cost Of Risk In Mexico To Be In Line Or Slightly Below Current Levels In 2020
Thursday, 30 Jul 2020 

July 30 (Reuters) - Chief Financial Officer Of Spain's BBVA , Jaime Sainz de Tejada::SEES LOWER COST OF RISK IN SECOND PART OF 2020 IN THE US.EXPECTS NII TO REMAIN FLAT IN 2020 IN MEXICO.EXPECTS COST OF RISK IN MEXICO TO REMAIN IN LINE OR SLIGHTLY BELOW CURRENT LEVELS OF 495 BASIS POINTS FOR 2020.  Full Article

BBVA CEO Expects More Branch Closures in 2021 in Spain
Thursday, 30 Jul 2020 

July 30 (Reuters) - Chief Executive Officer Of Spain's BBVA , Onur Genç::EXPECTS TO CLOSE 160 BRANCHES IN SPAIN THIS YEAR, SEES SOME ACCELERATION ON THE PACE OF CLOSURES FOR 2021.SAYS HIS VIEW ON M&A OPPORTUNITIES IS TO CONSIDER THEM IF THEY CREATE VALUE FOR SHAREHOLDERS.CFO, JAIME SAINZ DE TEJADA, SAYS DOES NOT EXPECT TO BOOK IN SHORT-TERM ANY ADDITIONAL IMPAIRMENTS IN THE U.S..  Full Article

BBVA Books Extraordinary Provisions Of 644 Mln Euros In Q2 Due To COVID-19
Thursday, 30 Jul 2020 

July 30 (Reuters) - Banco Bilbao Vizcaya Argentaria SA ::IMPAIRMENT ON FINANCIAL ASSETS INCREASED MAINLY DUE TO THE DETERIORATION OF THE MACROECONOMIC SCENARIO DUE TO COVID-19.SAYS IMPAIRMENT REPRESENTED AN IMPACT OF -2.08 BILLION EUROS IN NET ATTRIBUTABLE PROFIT MAINLY DUE TO NEGATIVE IMPACT FROM COVID-19 ON MACROECONOMIC SCENARIO.Q2 EXTRAORDINARY PROVISIONS OF 644 MILLION EUROS DUE TO THE PANDEMIC.  Full Article