Torres BBVA apuesta por la recompra “relevante” de acciones y achaca la ruptura con Sabadell al precio Compañías

After the closing of this sale, the participation of BBVA in CNCB will be reduced to 9.9%. BBVA hereby communicates information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Shareholders’ Meeting fusion markets review of BBVA held on 11th March 2016, under section 3.1 of agenda item three, by which the shareholders remuneration system called “Dividend Option” is to be implemented. BBVA has entered today into an agreement for the acquisition from Dogus Holding A.S.

This rating action is a consequence of the application of the latest changes in Moody’s methodology for banks, updated on July 9th, 2021. The Board of Directors of BBVA has resolved to propose to the Annual General Meeting a cash payment in a gross amount of EUR 0.23 per share against the voluntary reserves of BBVA that will be paid on 8 April 2022, if approved. BBVA has received a new communication from the Bank of Spain regarding the determination of its minimum requirement for own funds and eligible liabilities (“MREL”), as determined by the Single Resolution Board (“SRB”), that has been calculated taking into account the financial and supervisory information as of June 30, 2021 , and which repeals and supersedes the previous communication 1 published on May 31, 2021. In the registration of revolving corporate bonds of Lion Hill Capital 2, S.A. A “community bank” is an informal designation that usually applies to smaller banks that primarily serve local residents and businesses. The bank, a division of Spain-headquartered Santander, also caters to business clients.

Therefore, the nominal value of the Convertible Bond has been reduced from hundred Euros (€100) to fifty Euros (€50) as from that date. Consequently, 238,682,213 new ordinary BBVA shares have been issued, each with a nominal value of forty-nine euro-cents (€0.49), in order to attend the mandatory partial conversion of the Convertible Bonds. The listing of the new shares on the Madrid, Bilbao, Barcelona and Valencia securities exchanges over the SIBE exchange interconnection system is scheduled for 5th July 2012, such that their ordinary trading would start on 6th July 2012. Listing will be requested on the other non-Spanish securities exchanges where BBVA stock is traded.

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BBVA hereby communicates relevant information relating to the free-of-charge capital increase resolved by the General Meeting of BBVA Shareholders held on 13th March 2015, under agenda item four, section 4.1, by which a system of flexible shareholder remuneration called “Dividend Option” is to be instrumented. BBVA hereby communicates relevant information relating to the free-of-charge capital increase resolved by the General Meeting of BBVA Shareholders held on 13th March 2015, under agenda item four, section 4.2, by which a system of flexible shareholder remuneration called “Dividend Option” is to be instrumented. BBVA hereby communicates relevant information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Meeting of BBVA Shareholders held on 11th March 2016, under agenda item three, section 3.1, by which a shareholder remuneration system called “Dividend Option” is to be instrumented. Accompanying this relevant event notice is an information note related to the referred capital increase. BBVA has agreed to carry out an issue of preferred securities contingently convertible into newly issued ordinary shares of BBVA with exclusion of pre-emptive subscription rights for shareholders (the “Securities”) for a total nominal amount of 1,000,000,000 Euro (the “Issuance”).

In accordance with such communication, BBVA has to reach, by January 1, 2020, an amount of own funds and eligible liabilities equal to 15.08% of the total liabilities and own funds of its resolution group, on sub-consolidated level as of December 31, 2016. This MREL requirement would be equal to 28.04% in terms of risk-weighted assets of the resolution group as of December 31, 2016. On May 31st, 2018, Moody’s Investor Service (Moody’s) has upgraded BBVA’s long-term senior unsecured debt rating to A3 from Baa1. BBVA has reached an agreement with Voyager Investing UK Limited Partnership, an entity managed by Canada Pension Plan Investment Board (“CPPIB”) for the transfer of a portfolio of credit rights which is mainly composed by non-performing and in default mortgage credits, with an aggregate outstanding balance amounting to approximately EUR 1,490 million (the “Transaction”). BBVA, pursuant to the Corporate Enterprises Act, sends the full text of the Notice of Meeting of BBVA’s Annual General Shareholders’ Meeting, to be held in Bilbao, at Palacio Euskalduna, foreseeably at second summons on 15 March 2019. The full texts of the proposed resolutions are enclosed herewith.

BBVA:SMSoc.Bol SIBEBanco Bilbao Vizcaya Argentaria SACOMPANY INFO

Services include pension planning, financing solutions, and foreign trade services. Mexico’s largest bank in terms of assets, Bancomer, is a subsidiary of the Spanish company BBVA. The bank entered the Brazilian market in 1957 and opened its first bank branch in 1980 in the country. In addition to its banking products, it offers insurance services and retirement plans.

BBVA hereby communicates information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Meeting of BBVA Shareholders held on 11th March 2016, under agenda item three, section 3.2, by which a shareholder remuneration system called “Dividend Option” is to be instrumented. BBVA informs that it has launched an offer of securities contingently convertible into ordinary shares of BBVA (the “Securities”) with the exclusion of the shareholders’ pre-emption right (the “Offer”). BBVA informs that it has launched an offer of securities contingently convertibleinto ordinary shares of BBVA (the “Securities”) with the exclusion of theshareholders’ pre-emption right (the “Offer”). It has been decided to propose to the Board, in the next board meeting to be celebrated next December 22, the adoption of the decision to distribute the third gross interim dividend against 2009, which would be paid on December 28, 2009, amounting to 0,09 euros for each of all current issued shares. BBVA reached today an agreement with CITIC Limited for the sale of 5.1% of its participation in the share capital of China CITIC Bank Limited (“CNCB”) to for a total price of approximately 944 MM euros.

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BBVA reached an agreement with Allianz, Compañía de Seguros y Reaseguros, S.A. In order to create a bancassurance partnership, for the purpose of developing the non-life insurance business in Spain, excluding the health insurance line. Fitch Ratings has announced the modification of BBVA´s senioreferred debt long term rating to A- with stable outlook from A with Rating Watch Negative. This rating change has been driven by the modification of BBVA’s long term Issuer Default Rating to BBB+ with stable outlook from A- with Rating Watch Negative.

BBVA y Sabadell confirman negociaciones para una eventual fusión

The Board of Directors of BBVA, in its meeting held today, has approved the appointment as member of the Executive Committee of the director Mrs. Susana Rodríguez Vidarte, who as of today ceases to form part of the Audit and Compliance Committee. Further to the relevant information disclosed by BBVA to the markets on February 1, 2013, and after the necessary approvals having been obtained, BBVA announces that it has completed the sale of the trade like stock market wizard entirety of its approximately 64.3% interest in Chilean pension fund manager Administradora de Fondos de Pensiones Provida S.A. (“AFP Provida” or the “Company”) to subsidiaries of MetLife, Inc. Further to the relevant information disclosed by BBVA to the markets on October 17, 2013, BBVA announces that, having obtained the necessary approvals, it has completed the sale of 5,1% of China CITIC Bank Corporation Limited, to CITIC Limited.

Thus, the definitive number of BBVA ordinary shares of 0.49 Euros of par value issued in the free-of-charge capital increase will be 78,413,506, and the amount of the capital increase will be 38,422,617.94 Euros. BBVA hereby communicates that the trading period for the free allotment rights of the free-of-charge capital increase adopted under Agenda item four section 4.1 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A. Shareholders held on March 16, 2012 and corresponding to the “Dividendo Opción” program, has ended on, April 30, 2012. BBVA hereby communicates information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Meeting of BBVA Shareholders held on 17th March 2017, under agenda item three, by which the shareholder remuneration system called “Dividend Option” is to be implemented. Accompanying this relevant information notice is an information note regarding the referred capital increase. The Board of Directors of BBVA, at its meeting held today, previous the Audit and Compliance Committee’s recommendation, and as a result of a tender process led by such Committee, has resolved to submit to the next BBVA’s ordinary general shareholders’ meeting the appointment of KPMG Auditores, S.L.

BBVA´s Board of Directors, at its meeting held on 30 June 2021, based on the Audit Committee’s recommendation, and as a result of a tender process carried out by such Committee, has resolved to select Ernst & Young, S.L. As statutory auditor of BBVA and of its consolidated Group for the financial years 2022, 2023 and 2024. The Board of Directors will propose, when appropriate, its appointment to the next BBVA’s Ordinary General Shareholders’ Meeting. On January 29, 2010, Fitch Ratings revised the ratings of 592 hybrid securities issued by financial institutions worldwide.

BBVA hereby communicates relevant information relating to the free-of-charge capital increase resolved by the General Meeting of BBVA shareholders held on 11th March 2011, under agenda item five, section 5.2, by which a system of flexible shareholder remuneration called “Dividend Option” is to be instrumented. Accompanying this relevant event notice is an information note which indicates the expected timetable and other matters related to the Dividend Option. BBVA hereby communicates relevant information relating to the free-of-charge capital increase resolved by the General Meeting of BBVA shareholders held on 16th March 2012, under agenda item four, section 4.2, by which a system of flexible shareholder remuneration called “Dividend Option” is to be instrumented.

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(together, the “Sellers” or “Dogus”) of 41,790,000,000 shares of Turkiye Garanti Bankasi, A.S. (“Garanti Bank”) amounting to 9.95% of the total issued share capital of Garanti Bank (the “Acquisition” and the “Shares”, respectively), at a total consideration of 7.95 Turkish Liras per share . BBVA has reached an agreement with the company “Neon Payments Limited” (the “Company”) for the subscription of 492,692 preference shares of the Company (the “Shares”), representing approximately 21.7% of its share capital, through a share capital increase and in consideration of approximately USD 300 million (the “Subscription”).

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BBVA will contribute the Business to a single company (the “Company”) and will sell 80% of the shares of such Company to Cerberus at the closing date of the transaction. BBVA’s Board of Directors, in its meeting held today, has approved the succession plan for BBVA’s Chief Executive Officer designating Mr. Onur Genç as successor once Mr. Carlos Torres Vila ceases in his current position in order to take over as Executive Chairman of the Bank. BBVA has decided to initiate a strategic review of alternatives for its automobile financing business in Chile mainly carried out by the company Forum Servicios Financieros, S.A. Despite Forum being a highly attractive business, BBVA´s sale of its banking business in Chile, advises the initiation of this review process. BBVA wishes and promotes the participation of its shareholders in such an important event for the company.

  • The Board of Directors also agreed to appoint MR. DOMINGO ARMENGOL CALVO, former Deputy Secretary of the Board, as new General Secretary and Secretary of the Board, as well as Secretary of the Board’s Executive Committee.
  • In line with the usual dividend payout schedule, BBVA’s Board of Directors has resolved today the distribution in cash, as gross interim dividend against 2014 results, of euro 0.08 for each of all current issued shares.
  • Headquartered in São Paulo, Banco Bradesco serves more than 70 million retail and corporate banking clients.
  • Closing of the transaction has resulted in the sale of 80% of the share capital of the company Divarian Propiedad, S.A.
  • The holders of the remaining 91.01% of the free allotment rights have chosen to receive new BBVA ordinary shares.

By virtue of this agreement, BBVA SEGUROS will receive a reinsurance commission of approximately 630 million Euros. This transaction creates a gross extraordinary result for the BBVA Group of approximately the same amount. BBVA hereby reports that on 30th June 2013 has taken place the mandatory total conversion of the Subordinated Mandatory Convertible Bonds – December 2011 outstanding issued by BBVA (the “Convertible Bonds”).

Financial reports

Today BBVA has signed an agreement to sell 4.9% in China CITIC Bank Corporation Limited to UBS AG, London Branch , who has entered into transactions pursuant to which such CNCB shares will be transferred to a third party and the ultimate economic benefit of ownership of such CNCB shares will be transferred to Xinhu Zhongbao Co., Ltd . Today, the board of directors of Banco Bilbao Vizcaya Argentaria, S.A. Appointed Mr. calculated bets Eduardo Osuna Osuna member of the top management of BBVA with the position of Country Manager in Mexico, replacing Mr. Vicente María Rodero Rodero, who has assumed the position of Country Networks Manager of the BBVA group. Starting in the fourth quarter of 2015, BBVA will reclassify several operating expenses related to technology from the Corporate Center to the Banking Activity in Spain reporting business area.

Regarding the news published today, BBVA informs that it is in advanced discussions with MetLife, Inc. regarding a potential sale of BBVA’s stake in Administradora de Fondos de Pensiones Provida S.A. If BBVA reaches an agreement with MetLife, BBVA will announce it immediately. In order to facilitate the understanding of its underlying financial performance, starting in the fourth quarter of 2013, BBVA will reclassify the income statement as presented for informational purposes in its quarterly eport to isolate the impacts of the corporate transactions completed in the last two years.

Banco de Crédito e Inversiones

Further to the Inside Information published on November 15, 2021, with registration numbers at the Spanish CNMV 1165 and 1169, in relation to the voluntary tender offer (“VTO”) launched by BBVA for the entire share capital of T. (“Garanti BBVA”) not already owned by BBVA, as of today, the Capital Markets Board of Turkey has approved the information memorandum in accordance with Section 4 of the Communiqué on Takeover Bids (Pay Alım Teklifi Tebliği) no. Standard & Poor´s has lowered the rating of the preferred shares of more than 60 European financial institutions. Today, the insurance company BBVA SEGUROS, S.A., DE SEGUROS Y REASEGUROS (“BBVA SEGUROS”), has entered into a 90% quota share reinsurance agreement with the reinsurance entity SCOR GLOBAL LIFE REINSURANCE IRELAND PLC (“SCOR GLOBAL LIFE”) for BBVA SEGUROS’ life insurance portfolio underwritten until 31 December 2012.

BBVA has agreed to carry out an issue of preferred securities contingently convertible into newly issued ordinary shares of BBVA with exclusion of preemptive subscription rights for shareholders (the “Securities”) for a total nominal amount of 1,000,000,000 Euro (the “Issuance”). BBVA has agreed to carry out an issue of preferred securities contingently convertible into newly issued ordinary shares of BBVA with exclusion of preemptive subscription rights for shareholders (the “Securities”) for a total nominal amount of 1,000,000,000 US Dollars (the “Issuance”). Further to the relevant facts dated September 15, 2011 and September 27, 2011, BBVA hereby communicates that the trading period for the free allotment rights of the free-of-charge capital increase adopted under Agenda item five section 5.2 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A. Shareholders held on March 11, 2011 and corresponding to the “Dividendo Opción” program, has ended today, October 14, 2011. Further to the relevant facts dated September 14, 2012 and September 26, 2012, BBVA hereby communicates that the trading period for the free allotment rights of the free-of-charge capital increase adopted under Agenda item four section 4.2 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A. Shareholders held on March 16, 2012 and corresponding to the “Dividendo Opción” program, has ended today, October 15, 2012.

Analyst rating

BBVA, pursuant to the Corporate Enterprises Act, sends the full text of the Notice of Meeting of BBVA’s Annual General Shareholders’ Meeting, to be held exclusively through telematic means foreseeably at second call on 20 April 2021, which has been published today on the daily press and on BBVA’s website. Please find attached a press release with information on the changes in the organizational structure of the BBVA Group. As a result of the Supervisory Review and Evaluation Process carried out by the European Central Bank , BBVA has received a communication determining a Pillar 2 requirement of 1.5%, applicable at individual and consolidated level, of which at least 0.84% must be complied with Common Equity Tier 1 . The Pillar 2 requirement remains at the same level as determined in the previous SREP Decision. Further to the notice of Inside Information of 29 October 2021, with registration number 1127 (the “Initial II”) , and to the notice of Inside Information of 19 November 2021, with registration number 1182 (the “II for First Tranche Execution”) , the Board of Directors of BBVA has agreed, within the framework of the Program Scheme, to carry out a second buyback program (the “Second Tranche”). BBVA, pursuant to the Corporate Enterprises Act, sends the full text of the Notice of Meeting of BBVA’s Annual General Shareholders’ Meeting, to be held in Bilbao, at Palacio Euskalduna, avenida Abandoibarra number 4, foreseeably on 18 March 2022, at second call, which has been published today in the daily press and on BBVA’s website.

More information on the new structure and management chart proposed is included in the press release attached. Further to the relevant events disclosed on March 31 and September 1, 2016 , notice is served that, following the envisaged timetable, the deed of merger by absorption of Catalunya Banc, S.A. (“CX”) into BBVA has been registered today at the Bizkaia Commercial Registry. As a result of the Supervisory Review and Evaluation Process carried out by the European Central Bank , BBVA has received a communication from the ECB requiring BBVA to maintain, on a consolidated basis, effective from the 1st of January 2017, a phased-in total capital ratio of 11.125%.

BBVA has received a new communication from the Bank of Spain regarding its minimum requirement for own funds and eligible liabilities, as determined by the Single Resolution Board (“SRB”), that has been calculated taking into account the financial and supervisory information as of December 31, 2017. This communication supersedes the communication previously received and which was published as relevant information on May 23, 2018. As a result of the Supervisory Review and Evaluation Process carried out by the European Central Bank , BBVA has received a communication from the ECB that includes the requirement for BBVA to maintain, from January 1, 2020 on a consolidated basis, a CET1 capital ratio of 9.27% and a total capital ratio of 12.77%. The Board of Directors of BBVA has resolved to propose to the Annual General Meeting a cash payment in a gross amount of EUR 0.16 per share as final dividend for 2019 that will be paid on 9 April 2020, if approved.

The Board of Directors of the Bank, in the meeting held yesterday, has agreed the early retirement of MR. JOSE MALDONADO RAMOS as executive Director of the Bank and, consequently, his resignation as General Secretary and Secretary of the Board of Directors. The Board of Directors also agreed to appoint MR. DOMINGO ARMENGOL CALVO, former Deputy Secretary of the Board, as new General Secretary and Secretary of the Board, as well as Secretary of the Board’s Executive Committee. It is envisaged that the authorization for the admission to listing of the new shares in the Spanish Stock Exchanges will be granted on October 24, 2011, so that ordinary trading of such shares in Spain will commence on October 25, 2011. Admission to listing of the new shares in the other Stock Exchanges where BBVA is listed shall also be requested. BBVA has reached today an agreement with “Oriental Financial Group Inc.” to sell its business in Puerto Rico1 for a total price of 500 million USA dollars. In relation to the news published today in the media regarding a potential increase of BBVA’s stake in the Turkish bank Turkiye Garanti Bankasi, AS , BBVA confirms that it is in advanced negotiations with Dogus Holding AS, , the acquisition of part of the latter´s shareholding in Garanti, though an agreement has not been yet reached.

For that reason, the Bank has made available to its shareholders the appropriate channels to enable the exercise of their rights remotely, which are described in the Annual General Meeting section on the corporate website. Further to the relevant event published on April 27, 2020, you are hereby informed that, on the date hereof, and after obtaining the required authorizations, BBVA Seguros, S.A. De Seguros y Reaseguros (BBVA Seguros”) has transferred to Allianz, Compañía de Seguros y Reaseguros, S.A. (“Allianz”), half plus one share in BBVA Seguros Generales, Compañía de Seguros y Reaseguros, S.A. On July 13th, 2021, Moody’s Investor Service (Moody’s) upgraded BBVA’s subordinated debt rating by one notch from Baa3 to Baa2, with a stable outlook.

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