BANCO BILBAO VIZCAYA ARGENTARIA SA
BANCO BILBAO VIZCAYA ARGENTARIA SA
Sector: Financial
Description
Founded in 1857, Banco Bilbao Vizcaya Argentaria, which is also known as BBVA, is a global financial services company based in Madrid. It was established as an issuance and discount bank and now is the second largest bank in Spain after Banco Santande. It is also the largest financial institution in Mexico. In the 1960s, BBVA actively started acquiring other banks to create a financial group. The company’s shares are traded on Madrid Stock Exchange and New York Stock Exchange, Mexican Stock Exchange. It is also a part of the IBEX 35 and Dow Jones EURO STOXX 50.
BBVA has a strong network of franchises in South America and Sunbelt region in the US. It is also one of the largest shareholders in Turkey’s Garanti BBVA. The main objective of BBVA is to provide its customers with best solutions and helping them with best opportunities and financial decisions to fulfill their needs through an easy and convenient experience. BBVA offers their customers with various financial and non-financial products and services across the world.
The company has recorded assets of €736 billon and is presently serving 80.7 million customers in more than 30 countries across the world. It has 7,432 branches and 31,000 ATMs across the world. BBVA’s main business activities are in Spain, where it provides banking and insurance services. In Mexico, the company provides banking and insurance services. Separate services are provided by BBVA Mexico’s Houston branch. In Turkey, the integrated financial services are offered by Garanti BBVA group, which provides financial services in Netherlands and Romania. In South America, the main business includes banking and insurance services.
On its ESG front, the BBVA Group allocates huge amount towards initiatives, like financial education, science, education, culture, knowledge, and community support, through it has benefited 11.5 million people.
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