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(“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%. On July 31st, 2017 DBRS Ratings Limited has upgraded BBVA’s Cédulas Hipotecarias rating by two notches to AAA from AA, as a result of the incorporation of new performance data for BBVA’s mortgage portfolio in accordance with its methodology for mortgage covered bonds.
Given the recent media reports and at the express request of the CNMV, BBVA informs that, among the various approaches that have taken place by third parties interested in Distrito Castellana Norte, S.A. Such interest has resulted in preliminary conversations that, at this time, do not continue. In accordance with International Accounting Standard 36, BBVA Group carries out an annual evaluation of goodwills held within the Group through the corresponding impairment tests. It is expected to be proposed for the consideration of the competent governing bodies a cash payment in a gross amount of euro 0.16 per share to be paid in April as final dividend for 2019. BBVA reached an agreement with Allianz, Compañía de Seguros y Reaseguros, S.A.
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 preemptive subscription rights for shareholders (the “Securities”) for a total nominal amount of 1,000,000,000 euros (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.
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Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is… Once the decision has been made to trade stock, the next step is to define the investment to be made and where to do it. Research and information are essential to operating in financial markets. Identifying the companies, sectors or attractive regions in which you want to invest is fundamental.
- Unlike a traditional market where the buyer and seller perform the transaction in person, in the financial market a third party is needed – an intermediary called a broker.
- Headquartered in São Paulo, Banco Bradesco serves more than 70 million individual and corporate clients.
- It lists all the limit orders with prices close to the last price in the market.
- Apart from the referred change, the board committee maintains the same composition.
BBVA will implement the IAS29 accounting standards “Financial Reporting in Hyperinflationary Economies” to its Group entities in Turkey1, with effects infinox review from 1st January 2022. The impacts of such implementation will be reflected in the second quarter of 2022 BBVA Group financial statements.
They represent demand in the market, or colloquially, “the money” willing to buy shares. There are also the sellers, who want to obtain money in exchange for the stock they own. They represent supply in the market – or in stock market slang, “the paper” – the shares up for sale. Standard & Poor´s has lowered the rating of the preferred shares of more than 60 European financial institutions. «BBVA International Preferred SA», a subsidiary guaranteed at 100% by BBVA, has published an exchange offer in relation to 3 issues of preferred securities sold to institutional investors for a nominal amount of approximately 1,500 million euros. On January 29, 2010, Fitch Ratings revised the ratings of 592 hybrid securities issued by financial institutions worldwide.
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BBVA closed today the sale to of 948 items of real state to «Tree Inversiones Inmobiliarias» a company managed by RREEF Limited, for an amount of 1.154 million euros. During the period set for that purpose, the holders of 8.99% of the free allotment rights have accepted BBVA’s undertaking to acquire such free allotment rights. Consequently, BBVA has acquired 433,637,066 rights for a total consideration of 43,363,706.60 Euros. BBVA has decided to initiate strategic review of alternatives for its mandatory pension fund administrators business in Latin America. Despite this being a highly attractive business, its limited relationship with BBVA´s core business, the universal banking activity, advises the initiation of this process. 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.
Standard & Poor’s Ratings Services (S&P) has today upgraded BBVA’s long-term rating (“Issuer Credit Rating – ICR”) to BBB+ from BBB. As a result of the supervisory review and evaluation process carried out by the European Central Bank , BBVA has been communicated by the ECB its requirement to maintain a common equity tier 1 phased-in capital ratio of 9.5%, both on a consolidated and an individual basis. Regarding the news published today, BBVA confirms that a proposal of a new organizational structure for the Group and a new top management team will be submitted tomorrow to the Board of Directors for approval. More information on the new structure and management chart proposed is included in the press release attached.
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”). BBVA has submitted to the Spanish National Securities Market Commission the prospectus of an issuance of mandatory convertible bonds into ordinary shares of BBVA. The conversion price will be the market value of BBVA’s ordinary shares at the time of conversion. BBVA has agreed to carry out an issue of preferred securities contingentlyconvertible into newly issued ordinary shares of BBVA with exclusion of preemptivesubscription rights for shareholders (the “Securities”) for a totalnominal amount of 1,000,000,000 US Dollars (the “Issuance”).
What Is the Largest Bank in Latin America?
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. Further to the relevant facts dated March 20, 2013 and April 3, 2013, BBVA hereby communicates that the trading period for the free allotment rights of the free-ofcharge capital increase adopted under Agenda item four section 4.1 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A.
Accompanying this relevant event notice is an information note 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 15th March 2013, 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 15th March 2013, under agenda item four, section 4.2, by which a system of flexible shareholder remuneration called «Dividend Option» is to be instrumented.
The Board of BBVA Chile has authorized this request upon signing a non-disclosure agreement. As of today, BBVA has received the required administrative authorisations to give full effect to the resolutions approved by the Board of Directors of BBVA in its meeting held on 20 December 2018. Further to the Relevant Event published on August 7, 2019, with registration number at the Spanish CNMV , BBVA informs that, as of today, after obtaining all required authorizations, BBVA has completed the sale to Banco GNB Paraguay, S.A., an affiliate of Grupo Gilinski, of its direct and indirect shareholding stake of 100% share capital in Banco Bilbao Vizcaya Argentaria Paraguay, S.A. 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.
BBVA hereby communicates information relating to the capital increase to be charged to voluntary reserves resolved by the Annual General Shareholders’ Meeting of BBVA held on 11th March 2016, under section 3.1 of agenda item three, pitch the perfect investment by which the shareholders remuneration system called «Dividend Option» is to be implemented. The BBVA Group holds a stake in the share capital of Telefónica, S.A. Greater than 5% recorded under Available for sale financial assets.
Following the inside information published on November 15, 2021 and March 31, 2022, with registration numbers at the Spanish Exchange Commission 1165, 1169 and 1381, respectively, in relation with the voluntary takeover bid (the “Voluntary Takeover Bid”) for the entire share capital of Türkiye Garanti Bankası A.Ş. (“Garanti BBVA” or the “Company”) not already owned by BBVA, the Board of Directors of BBVA decided to increase the Voluntary Takeover Bid price offered in cash for each share1 of the Company from the initially announced price (12.20 Turkish Lira) to 15.00 Turkish Lira. The maximum aggregate amount of consideration payable by BBVA is 31,595 million Turkish Lira assuming all Garanti BBVA’s shareholders sell their shares. Notice is hereby given of the partial execution of the share capital reduction resolution adopted by the Ordinary General Shareholders’ Meeting of BBVA held on 18 March 2022, under item seven of its agenda, through the reduction of BBVA’s share capital in a nominal amount of 137,797,167.90 euros, and the consequent redemption of 281,218,710 own shares of 0.49 euros par value each held by the Company as treasury shares.
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”). By way of continuation from the relevant event filling dated 22nd June 2011 and pursuant to section 4.6.3 c).2 of the BBVA securities note (the “Securities Note”) regarding the issue of the mandatory convertible subordinate bonds with early conversion options in favour of the issuer (the «Convertible Bonds»), which was registered in the official records of the CNMV on 17…. As of today, the Spanish Securities Exchange Commission has approved and filed a Supplement to the securities note relating to the tender offer on preference shares and subordinated debt securities (with-maturity and perpetual securities) issued by entities of the Unnim Group and to the public offering of BBVA shares, filed in the Official Records of the CNMV on 28th September 2012. The Supplement is available on the CNMV website () and the BBVA website (). 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. After the closing of this sale, the participation of BBVA in CNCB will be reduced to 9.9%.
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(“Garanti Bank”) amounting to approximately 14.89% of the total issued share capital of Garanti Bank (the “Acquisition” and the “Shares”, respectively). Pursuant to the agreements disclosed to the market on November, 19th, unholy grails nick radge 2014, on the date hereof, BBVA, has completed the acquisition of 14.89% of the total share capital of Turkiye Garanti Bankasi, A.S. (“Garanti Bank”), therefore, BBVA´s total stake in Garanti Bank now amounts to 39.90%.
BBVA financial information
BBVA hereby communicates relevant information relating to the free-of-charge capital increase resolved by the General Meeting of BBVA shareholders held on 14th March 2014, under agenda item four, section 4.3, by which a system of flexible shareholder remuneration called «Dividend Option» is to be instrumented. Accompanying this relevant event notice is an information note related to the referred free-of-charge capital increase. The subscription price of the new shares will be of 6.75 euro per share (corresponding forty nine cents of euro (€0,49) to the par value and 6.26 euro to the issue premium), hence, the total effective amount of the capital increase will be of 5,059,758,312 euro. BBVA hereby communicates relevant information relating to the free-of-charge capital increase resolved by the General Meeting of BBVA shareholders held on 14th March 2014, 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 14th March 2014, 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 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.
Apart from the referred change, said committee maintains the same composition. In relation to the relevant event disclosed today by BBVA, regarding the sale of its business in Puerto Rico to Oriental Financial Group Inc., BBVA clarifies that the capital gain arising from the sale of said business for 500 million USA dollars, a price equivalent to 1.03 times the ratio price/tangible book value, will approximately be of 5 million euros. In furtherance of the relevant information announced to the markets on December 24, 2012, after having obtained the necessary approvals, BBVA announces that it has completed today the sale of its total stake in the Colombian company “BBVA Horizonte Sociedad Administradora de Fondos de Pensiones y Cesantías S.A.” to Grupo Aval Acciones y Valores, S.A. The capital gain net of taxes arising from the transaction amounts to approximately € 263 million.
Shareholders held on March 15, 2013 and corresponding to the “Dividendo Opción” program, has ended today, April 22, 2013. Further to the relevant facts dated September 13, 2013 and September 25, 2013, 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 15, 2013 and corresponding to the “Dividendo Opción” program, has ended today, October 14, 2013. Further to the relevant facts dated March 14, 2014 and March 26, 2014, BBVA hereby communicates that the trading period for the free allocation 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.
The Board of Directors of BBVA has approved an issuance of securities contingently convertible into ordinary shares of BBVA (the “Securities”) up to a maximum amount of 1,000 million euros, excluding the shareholders’ pre-emption right (the “Issuance”). Grupo Aval Acciones y Valores SA is a Colombia-based holding company primarily engaged, through its subsidiaries, in the acquisition, purchase and sale of stocks, bonds and other securities of companies active in the financial sector. The Company provides a variety of financial services and products across the Colombian market, ranging from traditional banking services, such as loans and deposits to pension and severance fund management, as well as the provision of legal…
In furtherance of the agreement announced to the markets on June 28, 2012 and after having obtained the necessary approvals, today BBVA completed the sale of its business in Puerto Rico to Oriental Financial Group Inc. BBVA has reached today an agreement (the “Agreement”) with MetLife, Inc., for the sale of the 64.3% share capital that BBVA holds in the Chilean pension fund manager Administradora de Fondos de Pensiones Provida S.A. 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. BBVA’s Board of Directors has resolved today the distribution in cash, as gross interim dividend against 2015 results, of euro 0.08 for each of all current issued shares. Pursuant to the sale and purchase agreement disclosed to the market on February, 21st, 2017, and after fulfilling all the conditions precedent included therein, on the date hereof, BBVA, has completed the acquisition of 9.95% of the total issued capital of Turkiye Garanti Bankasi, A.S., therefore, BBVA´s total stake in Garanti Bank now amounts to 49.85%.