Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, S.A. (Spanish pronunciation: [ˈbaŋko βilˈβao βiθˈkaʝa aɾxenˈtaɾja]), 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 present mainly in Spain, South America, North America, Turkey, and Romania.[2]

Banco Bilbao Vizcaya Argentaria, S.A.
TypeSociedad Anónima
IndustryFinancial services
  • Banco Bilbao Vizcaya, S.A.
  • Argentaria, S.A.
FoundedBilbao, Spain
May 28, 1857; 165 years ago (1857-05-28)
Bilbao and Madrid
Key people
Carlos Torres Vila
(Group Executive Chairman)
Onur Genç
ServicesBanking, insurance, asset management
Revenue €21.06 billion (2021)[1]
€11.53 billion (2021)[1]
€4.653 billion (2021)[1]
Total assets €662.68billion (2021)[1]
Total equity €48.760 billion (2021)[1]
Number of employees
110,432 (2021)

The bank was founded as Banco de Bilbao, on May 28, 1857, in Bilbao. BBVA's operational headquarters are located in Madrid, in the "Ciudad BBVA" complex. It is Spain's second largest bank after Banco Santander. It is listed on the Madrid Stock Exchange, the New York Stock Exchange and on the Mexican Stock Exchange. It is also a part of the IBEX 35 as well as the Dow Jones EURO STOXX 50.[3]

As of December 31, 2018, BBVA's assets amounted to around €676 billion, making it the second largest Spanish financial institution by volume of assets. At that same date, it had 7,963 offices, 125,627 employees and 74.5 million customers, and was present in more than 30 countries.[4][5] On April 2, 2018, it was ranked the 42nd largest bank in the world by total assets.[6]

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