BBVA head office Bilbao, Spain. Photo: Zarateman via Wikimedia Commons (CC0 1.0 License)Banco Bilbao Vizcaya Argentaria (BBVA), is a multinational Spanish banking group. It was formed in 1999 from a merger of Banco Bilbao Vizcaya, founded in 1857, and Argentaria. It provides financial services in over 30 countries and to over 70 million customers throughout the world. The group has a leading position in the Spanish market, where it began operating over 150 years ago. It also has franchises in South America, where it is the main financial institution in Mexico. It is one of the 15 biggest banks in the United States, where it has a franchise in the Sunbelt region. In March 2017 BBVA acquired a 50% ownership of GarantiBank, Turkey.
| Website | https://www.bbva.com/en/ |
| Headquarters |
Plaza San Nicolás 4
48005 Bilbao
Spain
|
| CEO/chair |
Onur Genç CEO |
| Supervisor | |
| Annual report | Annual report 2018 |
| Ownership |
listed on Bolsa de Madrid, Bolsa Mexicana de Valores & NYSE Euronext
BBVA's shareholder structure can be accessed here. |
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. BBVA adopted the Equator Principles in 2004.
BBVA must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
BBVA is involved in financing the following Equator Principles projects that BankTrack considers controversial.
|
True leader
Front runner
Follower
Laggard
|
BankTrack has assessed BBVA on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. BBVA is assessed as a Follower, with a total score of 3.5/12.
|
BBVA is reporting on the implementation here.
