BBVA: Banco Bilbao Vizcaya Argentaria SA Stock Price Quote Soc Bol SIBE

The conversion will be carried out on the forthcoming distribution payment date, ie, 15th July 2011, pursuant to the procedure established to such effect in the issue terms and conditions. The conversion will be mandatory for all Convertible Bond holders. BBVA hereby reports that, pursuant to the provisions in the note on shares relating to the offer to purchase the Unnim Securities and the public offering of the BBVA shares for sale, filed 28th September 2012 in the official registries of the CNMV (the «Note on Shares»), the period for acceptance and withdrawal of the offer to purchase the Unnim Securities and the public offering of the BBVA shares for sale ended on 18th October 2012. During the period established for this effect, selling orders for the Unnim Securities have been received amounting €426,210,629.77 nominal. BBVA’s offer was accepted by 99.3% of the Preferred Shares and 82.0% of the Subordinated Debt Securities.

In connection with the significant event published on 26 December 2018, BBVA informs that the sale of the great majority of the credits rights that composed the portfolio to Anfora Investing UK Limited Partnership, an entity belonging to Canada Pension Plan Investment Board, has taken place. BBVA communicates that it is carrying out a strategic review process of its nonlife insurance business in several geographies. Within this process, BBVA has received offers by several interested parties and is carrying out negotiations with the goal of eventually establishing bank-assurance alliances. The Board of Directors of BBVA has resolved to propose to the next Annual General Meeting a cash payment in a gross amount of EUR 0.059 per share against the share premium account that will be paid on 29 April 2021, if approved. BBVA has received a new communication from the Bank of Spain regarding 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 December 31, 2019 , and which supersedes the previous MREL communication published on November 19, 2019.

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.

It is one of the world’s oldest banks and Brazil’s first financial institutions, having been founded in 1808. The region’s banking industry experienced a slowdown because of the COVID-19 pandemic and the ensuing slowdown. Latin America has one of the world’s fastest-growing banking sectors. The issues of this type of securities by BBVA, previously rated A+ are now rated A-. States that it has decided to proceed with the anticipated repayment of the securities corresponding to said issue of November 3 Subordinate Debentures, for which it has obtained the required authorization from the Bank of Spain.

Torres (BBVA) apuesta por la recompra «relevante» de acciones y achaca la ruptura con Sabadell al precio

The succession is foreseen to take place on December 31, 2018, once the relevant authorisations have been obtained. Closing of the transaction has resulted in the sale of 80% of the share capital of the company Divarian Propiedad, S.A. BBVA’s Board of Directors, in its meeting held today, has approved the following resolutions, in execution of the succession plans for the Group Executive Chairman and for the Chief Executive Officer, approved by the Board of Directors in its meetings held on 26 September and 28 November 2018, respectively. BBVA has reached an agreement with Banco GNB Paraguay, S.A., an affiliate of Grupo Financiero Gilinski, for the sale of the entire stake that BBVA holds directly and indirectly in Banco Bilbao Vizcaya Argentaria Paraguay, S.A. The aggregate direct and indirect stake of BBVA in BBVA Paraguay represents 100% of its share capital.

For such purposes, a new income statement line item called «Income from corporate transactions» will be created. Moody’s Investor Service (Moody’s) has today upgraded to Baa2 from Baa3 the debt and deposit ratings of BBVA and changed the outlook to positive from stable. The Board of Directors of BBVA, in its meeting of today, May 4, 2015, appointed the independent director Mr. José Miguel Andrés Torrecillas as member and chairman of the Audit and Compliance Committee of the Board, in substitution of Mr. José Luis Palao García-Suelto, as the latter had already served for the legal period of four years. The board also appointed the independent director Mrs. Lourdes Maíz Carroas as member of the Audit and Compliance Committee. Moody’s Investors Service (Moody’s) has today concluded its review of BBVA’s ratings initiated on March 17, 2015 following the publication of Moody’s new bank rating methodology. BBVA has received a communication from the Bank of Spain regarding its minimum requirement for own funds and eligible liabilities (“MREL requirement”), as determined by the Single Resolution Board (“SRB”).

Further to the relevant information disclosed by BBVAto the marketson July 20, 2013, and once the necessary authoriations have been obtained, BBVA announces that is has completed the sale of the entirety of its approximately 98,92% direct and indirect interest in Banco Bilbao Vizcaya Argentaria (Panamá), S.A. ( «BBVA Panamá») to Leasing Bogotá, S.A., Panamá, a subsidiary of Grupo Aval Acciones y Valores, S.A. Corpbanca, a Chilean company, announced on December 12 it had initiated a competitive bidding process for a potential consolidation of its business in Chile and abroad.

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 2018, a phased-in total capital ratio of 11.938%. The Board of Directors of BBVA has resolved to propose to the Annual General Meeting of Shareholders a cash payment in a gross amount of EUR 0.15 per share as final dividend for 2017 that will be paid on 10 April 2018 if approved. The Board of Directors of BBVA has resolved to propose to the Annual General Meeting of Shareholders a cash payment in a gross amount of EUR 0.16 per share as final dividend for 2018 that will be paid on 10 April 2019 if approved. 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 implies the requirement for BBVA to maintain, as from the 1st March 2019 on a consolidated basis, a CET1 capital ratio of 9.26% and a total capital ratio of 12.76%. Fitch Ratings has upgraded BBVA’s senior preferred debt long term rating to A from A-. In the same rating action, the agency has affirmed BBVA’s long and short term Issuer Default Rating at A- with negative outlook and F2, respectively.

Banco do Brasil SA

The board of directors of BBVA, in its meeting held today 26 September, has agreed the appointment of the director Mrs. Belén Garijo López as member of the Audit and Compliance Committee. Apart from the referred change, the board committee maintains the same composition. 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. Pursuant to the agreements disclosed to the market on November, 19th, 2014, on the date hereof, BBVA, has completed the acquisition of 14.89% of the total share capital of Turkiye Garanti Bankasi, A.S.

The exchange offer, according to the terms included in the release, has reached an average acceptance ratio exceeding 80%. This transaction will provide BBVA approximately with 225 million euros of capital gains… BBVA hereby reports that on 30th June 2012 has taken place the mandatory partial conversion of the Subordinated Mandatory Convertible Bonds – December 2011 issued by BBVA (the “Convertible Bonds”) outstanding by reducing the 50% of its nominal value.

• Today, the BBVA Board of Directors has approved the distribution, as second gross interim dividend against 2009 results, of euros 0.09 for each of all current issued shares.
• BBVA’s Board of Directors, in a meeting held today, has approved, following the proposal of the Appointments Committee, the succession plan for the Chairman of the Board, Mr. Francisco González Rodríguez, designating Mr. Carlos Torres Vila to fill the position of executive Chairman of BBVA from the moment the current Chairman leaves office.
• BBVA has completed today the acquisition of a 100% of the share capital of Unnim Banc, S.A.
• This transaction creates a gross extraordinary result for the BBVA Group of approximately the same amount.

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. Shareholders held on March 14, 2014 and corresponding to the “Dividendo Opción” program, has ended today, April 14, 2014. Further to the relevant facts dated 12th September, 2014 and 24th September, 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 4.2 by the Annual General Meeting of Banco Bilbao Vizcaya Argentaria, S.A.

(“Garanti Bank”), therefore, BBVA´s total stake in Garanti Bank now amounts to 39.90%. 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. BBVA notifies that its Board of Directors, at its meeting held today, March 31, 2016, has adopted a resolution, in a process of corporate reorganization of its banking subsidiaries in Spain, to commence the process for the integration of the companies belonging to the BBVA Group, Catalunya Banc, S.A., Banco Depositario BBVA, S.A. 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%.

This is a consequence of the implementation of the new valuation methodology of this type of issues that was announced by the rating agency on December 29, 2009. On February 23, 2010, Moody’s Investors Service revised the ratings of the hybrid securities issued by Spanish financial institutions. This is a consequence of the implementation of the new valuation methodology of this type of issues that was announced by the rating agency on January 12, 2010. BBVA’s Board of Directors has resolved, at its meeting held on 1 February 2011, following the proposal of the Appointments Committee, to appoint by cooptation the shareholder Mr. José Luis Palao García-Suelto as director, who will be considered as independent director. The Board of Directors meeting of BBVA, 22nd June 2011, has resolved to convert the totality of the Mandatory Convertible Subordinate Bonds with early conversion options in favour of the issuer (the «Convertible Bonds»), issued by BBVA on 30th September 2009 for a nominal amount of TWO BILLION EUROS (€2,000,000,000).

Banco de Crédito e Inversiones

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. On July 31st, 2017 DBRS Ratings Limited has upgraded BBVA’s Cédulas Hipotecarias rating umarkets review 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. BBVA’s Board of Directors, in a meeting held today, has approved, following the proposal of the Appointments Committee, the succession plan for the Chairman of the Board, Mr. Francisco González Rodríguez, designating Mr. Carlos Torres Vila to fill the position of executive Chairman of BBVA from the moment the current Chairman leaves office.

As external auditor of BBVA and of its consolidated Group for the financial years 2017, 2018 y 2019. As announced in the relevant event dated 25 October 2013, BBVA’s shareholder remuneration policy establishes the distribution of an annual pay-out of between 35% and 40% of the profits obtained in each financial year and the progressive reduction of the remuneration via “Dividend Options”, so that the shareholders’ remuneration would ultimately be fully in cash. 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”). Attached please find a release informing of the result of the preferred securities exchange offer that was announced through a relevant event dated October 6, 2009.

BBVA y Sabadell confirman negociaciones para una eventual fusión

In addition, the full texts of the proposed resolutions are enclosed herewith. A new translation of the agenda of the General Shareholders’ Meeting of BBVA of March 2018 which was submitted to such Commission is attached, as an errata in the translation has been noticed. Today April 6, 2018, Standard & Poor’s Ratings Services (S&P) has upgraded BBVA’s long-term rating (“Issuer Credit Rating – ICR”) to A- from BBB+.

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.

Since then, its focus shifted, expanding from financial services for coffee growers to the general public. The region’s banking sector has been among the fastest-growing of its kind in the world. Industry revenue increased 12% on a compound annual basis before the cost of risk force index trading strategy between 2012 and 2017. Moody’s announces completion of a periodic review of ratings of Banco BBVA Perú S.A. 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.

What Is the Largest Bank in the World?

BBVA has reached an agreement with The PNC Financial Services Group, Inc. for the sale of 100% of the capital stock of its subsidiary BBVA USA Bancshares, Inc., which in turn owns all the capital stock of the bank, BBVA USA, as well as other companies of the BBVA group in the United States with activities related to this banking business (the «Transaction»). BBVA has received on 26 October 2021 the required authorization from the European Central Bank for the buyback of up to 10% of its share capital for a maximum amount of 3,500 million euros, in one or several tranches and over a maximum period of 12 months as from the communication by BBVA that the buyback of shares has effectively commenced (the “Authorization”). The maximum amount of 3,500 million euros has been fully deducted from BBVA’s own funds as from the Authorization receipt. 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 capital gain net of taxes arising from the transaction amounts to approximately € 263 million. BBVA has resolved not to pay out the sum corresponding to the interim dividend against the financial year 2013 which, according to the Bank’s usual calendar, would be payable in January 2014, and to increase the shareholder remuneration payable in April 2014 to 17 euro-cents per share, using the remuneration scheme called Dividend Option. The acquisition from Dogus Holding A.S., Ferit Faik Şahenk, Dianne Şahenk and Defne Şahenk (together, the “Sellers) of 62,538,000,000 shares of Turkiye Garanti Bankasi, A.S.

BANCO BILBAO VIZCAYA ARGENTARIA, S.A BBVA

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 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”).

Greater than 5% recorded under Available for sale financial assets. As of June 30, 2017, the unrealized losses related to this stake amounted to €880 million and were recorded as a reduction of the Group’s total equity. As a result of the evolution of Telefonica’s stock price, as of December 31, 2017 these losses amounted to €1,123 million. The Board of Directors of BBVA has resolved, at its meeting held today, the payment of a cash interim dividend of euro 0.10 per share on account of the 2018 dividend, to be paid on 10 October 2018. The Board of Directors of BBVA has resolved, at its meeting held today, the payment of a cash interim dividend of euro 0.10 per share on account of the 2019 dividend, to be paid on 15 October 2019.

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. The judgment of the Court of Justice of the European Union regarding the preliminary rulings filed by some Spanish judges and courts about whether the time limitation for the refund of amounts in the so-called “cláusulas suelo” in loans with consumers, established by the Spanish Supreme Court in its Judgment dated May 9, 2013, beyond technical analysis among others, is compliant with Directive 93/13/EEC, has been published today. On July 25th, 2017 Scope Ratings has upgraded by one notch BBVA’s rating for existing senior unsecured debt from A to A+, with stable outlook. Regarding the news items published today, BBVA informs that is in talks with Cerberus Capital , which has expressed interest in acquiring the Real Estate business of the Bank in Spain. It is expected to be proposed for the consideration of the competent governing bodies a cash payment in a gross amount of euro 0.15 per share to be paid in April as final dividend for 2017.

Further to the Relevant Events published on November 15, 2021, with registration numbers at the Spanish CNMV 1165 and 1169, BBVA informs that, as of today, BBVA has submitted to the Capital Markets Board of Turkey the application for authorisation of the voluntary takeover bid for the entire share capital of Türkiye Garanti Bankası A.Ş. Not already owned by BBVA in accordance with Section 4 of the Communiqué on Takeover Bids (Pay Alım Teklifi Tebliği) no. The Board of Directors of BBVA has agreed to modify the Group’s shareholder distribution policy currently in force, which was communicated as relevant information on 1 February 2017, with registration number , establishing a new policy consisting in an annual distribution of between 40% and 50% of the consolidated ordinary profit of each year, compared to the previous policy of distributing between 35% and 40%. BBVA informs of the finalization, as of today, of the acceptance period of the voluntary tender offer (“VTO”) launched by BBVA for the entire share capital of T. In full compliance with Spanish securities markets rules, BBVA discloses price sensitive information on a regular basis to Comisión Nacional del Mercado de Valores , the Spanish securities market regulator. The complete texts of the Significant Events can be accessed on this page and on CNMV’s website.