BBVA Receives Top Honors from The Banker, Highlighting Innovation, Sustainability, and Inclusivity

BBVA Receives Top Honors from The Banker, Highlighting Innovation, Sustainability, and Inclusivity

(IN BRIEF) BBVA has been recognized as the best bank in Spain by The Banker for the second time, highlighting its achievements in innovation, digitization, and sustainability. The bank also earned global recognition for financial inclusion through the BBVA Microfinance Foundation, which has supported over six million low-income entrepreneurs with $20 billion in loans. BBVA’s advancements in AI, cybersecurity, and customer-focused innovations, such as streamlined processes and inclusive services, further reinforce its leadership. Committed to sustainability, BBVA has financed renewable energy projects and aims for net-zero emissions by 2050, demonstrating its dedication to creating a greener, more inclusive future.

(PRESS RELEASE) BILBAO, 6-Dec-2024 — /EuropaWire/ — BBVA (BME: BBVA), a Spanish multinational financial services company, has been named the best bank in Spain for the second time by The Banker, a prestigious Financial Times publication. Having first won the award in 2022, the recognition in 2024 reflects BBVA’s unwavering commitment to innovation, digital transformation, and sustainability. In addition, the bank earned accolades as the best in Peru and Venezuela and received a global award for financial inclusion through the impactful work of the BBVA Microfinance Foundation (BBVA-MF).

Peio Belausteguigoitia, BBVA Spain’s Country Manager, credited the achievement to the dedication of the BBVA team, emphasizing the bank’s efforts to enhance customer experiences with advanced technologies and personalized services. The award also celebrates BBVA’s advancements in Artificial Intelligence, including its partnership with OpenAI, which has enabled over 1,100 AI models to streamline processes, predict financial needs, and offer tailored solutions.

BBVA has also prioritized cybersecurity, launching initiatives such as advanced threat detection systems, biometric authentication, and educational campaigns to bolster customer trust. Meanwhile, innovations like Cl@ve PIN integration and enhanced ATM accessibility highlight the bank’s focus on inclusivity and convenience.

Sustainability remains at the heart of BBVA’s strategy, with ambitious net-zero emission targets by 2050. In 2023, 80% of the bank’s loan portfolio went to low-carbon footprint clients, supported by financing renewable energy installations and electric mobility solutions. BBVA also introduced tools to help SMEs and individuals measure and reduce their emissions, contributing to a greener future.

BBVA’s global recognition for financial inclusion honors the BBVA Microfinance Foundation’s efforts, which have delivered over $20 billion in loans to six million low-income entrepreneurs since 2007. These initiatives, coupled with financial education and disaster protection for microenterprises, exemplify BBVA’s mission to foster inclusive growth.

The bank’s achievements underscore its role as a leader in innovation, sustainability, and financial empowerment, solidifying its position as a trusted partner in transforming the banking sector.

SOURCE: Banco Bilbao Vizcaya Argentaria, S.A.