BBVA-Banco Bilbao Vizcaya Net Worth is$43.1 B
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Company Name: Banco Bilbao Vizcaya Argentaria, S.A.
Company Logo: Image:Logotipo de BBVA.svg
Company Type: S.A. (corporation)
Traded As: ES0113211835/BBVA, BBVA
Foundation: 1999
Location: Bilbao, Spain
Key People: Francisco González (Executive director chairman), Ángel Cano Fernández (President and Chief operating officer)
Industry: Financial services
Products: Banking, insurance, investment management
Revenue: Euro20.91 billion (2010) Operating Income: €11.94 billion (2010) Net Income: €4.606 billion (2010) Assets: €552.7 billion (end 2010) Equity: €37.48 billion (end 2010) Num Employees: 106,980 (end 2010) Homepage: http://www.bbva.com
Intl: yes
Banco Bilbao Vizcaya Argentaria, S.A. (Spanish pronunciation: [E?baA?ko I?ilE?I?ao I?iI,E?kaE?a arxenE?taE 3/4 ja], or BBVA, is a multinational Spanish banking group. It was formed in 1999 from the merger of Banco Bilbao Vizcaya and Argentaria, both of which in turn had previously amalgamated three important banks in Spain, namely Banco de Bilbao, Banco de Vizcaya, Banco Exterior de EspaA?a and the state-owned Caja Postal de Ahorros, with other minor entities.
BBVA is the second largest bank in Spain. The bank has recently focused on overseas expansion, and now operates in 40 countries. Like many other Spanish companies, it enjoys a dominant position in Spanish-speaking Latin American countries. It also has a strong presence in southern European countries, especially Portugal and Italy, and has expanded into the United States and in Asia.
BBVAa??s story began in 1857 when the Spanish Board of Trade sponsored the creation of Banco de Bilbao as a currency-issuing and discount bank. Until the 1890s it was practically the only bank in the Basque Country. In the second half of the 19th century Banco de Bilbao played a leading role in operations involving infrastructure projects and development of the steel industry. In 1878, it lost the right to issue currency and reorganised as lending and discount bank.
Banco de Vizcaya was set up in 1901. It carried out its first operations in Bilbao and gradually extended throughout Spain. Apart from its activities as a commercial and general purpose bank, it intervened in the creation and development of a large part of Spanish industry. In 1902, Banco de Bilbao merged with Banco del Comercio although both continued to operate as separate entities. In 1909, Caja Postal de Ahorros was set up as a public entity and started operations in 1916, based on savings books.
A consortium of bankers and manufacturers founded Banco de CrA(C)dito Industrial (BCI) in 1920 with the express aim of boosting the installation and consolidati

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EFMD Awards CLIP Accreditation to Mazars University

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BoB to sell 51% stake of credit card arm to BBVA

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Shorting European Banks

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Posted: November 27, 2016, 10:51 pm
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