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Encyclopedia > Banco Bilbao Vizcaya Argentaria
Grupo BBVA
Image:Logo grupo tcm61-34814.gif
Type Public
Founded 1999
Location Bilbao, Spain
Key people Francisco González, Executive Chairman
José Ignacio Goirigolzarri, COO
Industry Finance and Insurance
Products Financial Services
Revenue €311.0 million (2004) [1]
Employees 91,000
Website www.bbva.com


Image File history File links Logo_grupo_tcm61-34814. ... A public company is a company owned by the public rather than by a relatively few individuals. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... Location of Bilbao in Spain Cityscape of Bilbao, with the Guggenheim Museum on the bottom right Bilbao from satellite (NASA World Wind Landsat) Bilbao (Basque: Bilbo) in the North of Spain, is the largest city in the Basque Country and the capital of the province of Biscay (Basque: Bizkaia). ... This page is a candidate to be copied to Wiktionary. ... Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and... Financial services is a term used to refer to the services provided by the finance industry. ... Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... This page as shown in the aol 9. ...


Banco Bilbao Vizcaya Argentaria (BBVA) is a multinational Basque banking group. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the smaller of Spain's two large banks. The bank has recently focused on overseas expansion, and now operates in 40 countries. Like many other Spanish companies, it enjoys a dominant position in Spanish-speaking Latin American countries. It also has a presence in many Mediterranean countries, especially Portugal and Italy, and has announced its intention to expand into the United States. The Basque Country (Euskal Herria in Basque) straddles the western Pyrenees mountains that define the border between France and Spain, extending down to the coast of the Bay of Biscay. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... The Mediterranean Sea is an intercontinental sea positioned between Europe to the north, Africa to the south and Asia to the east, covering an approximate area of 2. ...


BBVA’s story began in 1857 when the Spanish Board of Trade sponsored the creation of Banco de Bilbao as a currency-issuing and discount bank. Until the 1890s it was practically the only bank in that part of Spain. In the second half of the 19th century Banco de Bilbao played a leading role in operations involving infrastructure projects and development of the steel industry. In 1878 it lost the right to issue currency and reorganised as lending and discount bank. Banco de Vizcaya was set up in 1901. It carried out its first operations in Bilbao and gradually extended throughout Spain. Apart from its activities as a commercial and general purpose bank, it intervened in the creation and development of a large part of Spanish industry. In 1902 Banco de Bilbao merged with Banco del Comercio although both continued to operate as separate entities. In 1909 Caja Postal was set up as a public entity and started operations in 1916, based on savings books. A consortium of bankers and manufacturers founded Banco de Crédito Industrial (BCI) in 1920 with the express aim of boosting the installation and consolidation of industry through long-term lending. Both Banco de Bilbao and Banco de Vizcaya formed part of this consortium. In 1923 the Servicio Nacional de Crédito Agrícola was created under the ministry of agriculture to provide loans to agricultural associations against the joint and several liability of their members. A combination of public and private interests set up Banco de Crédito Local (BCL) in 1925 in the form of a joint-stock company. Its purpose was to finance local authorities and other public institutions. Banco Exterior (BEX) was created in 1929 to encourage foreign trade, to seek new markets for Spanish products and to help local companies with imports and exports. Steel framework Steel is a metal alloy whose major component is iron, with carbon being the primary alloying material. ... Location of Bilbao in Spain Cityscape of Bilbao, with the Guggenheim Museum on the bottom right Bilbao from satellite (NASA World Wind Landsat) Bilbao (Basque: Bilbo) in the North of Spain, is the largest city in the Basque Country and the capital of the province of Biscay (Basque: Bizkaia). ... Commercial may mean: as a noun: a form of advertising, as in a television commercial as an adjective: referring to commerce or for-profit activities or trade (compare with non-profit organization) a breed of cattle, Commercial This is a disambiguation page — a navigational aid which lists other pages that... 1929 (MCMXXIX) was a common year starting on Tuesday (link will take you to calendar). ...


Against a background of economic development in the 1960s, Banco de Bilbao grew further, absorbing other banks. At the same time Banco de Vizcaya also expanded and began to emerge as an important financial group. Greater flexibility by the authorities regarding new branches allowed it to extend its network. Caja Postal added current accounts, securities and specific credit lines to its existing services. The Banking Sector Reform Act 1962 nationalised BCI, BHE and BCL and converted the Servicio Nacional de Crédito Agrícola into Banco de Crédito Agrícola (BCA). All four thus became public entities. However in 1971 they were recast as joint stock companies and became official loan entities (under the Official Credit System Act).

Development in the 1980s

During the 1980s Banco de Bilbao’s strategy was to attain sufficient size in order to participate in financial operations generated by advances in technology, deregulation, securitisation and the interrelationship between domestic and international markets. Banco de Vizcaya contributed to the refloating of banks affected by the economic crisis and pursued a policy of strong growth through acquisitions. This turned it into a large banking group. The most important operation was the acquisition of Banca Catalana in 1984. In the meantime the official credit entities expanded their business through market operations. In 1982 BEX lost the exclusive right to provide export finance. It refocused its goals on becoming a universal bank and on building a financial group. During this process it acquired Banco de Alicante in 1983. In 1988 Banco de Bilbao and Banco de Vizcaya merged to form BBV.

Corporación Bancaria de España (CBE) was set up in 1991 as a government corporation and credit entity with bank status. Argentaria started out with a federated banking model. However in 1998 Corporación Bancaria de España (already privatised via IPOs), BEX (which had merged with BCI), BHE and Caja Postal were merged into a single bank: Argentaria.

The Creation of BBVA

BBV and Argentaria announced their planned merger on October 19, 1999. The new group had the advantages of significant size, a strong capital base, a considerable financial structure and appropriate geographic diversification of its business and risks. As a result there was a greater profit potential. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ...

Customers now had access to a larger network and a wider range of products. They also enjoyed easier access to new channels and a considerable international presence. Employees also had more opportunity for career advancement. The smooth integration of BBVA was attributed to the following:

  • the speed of strategic decisions
  • the immediate definition of the new organisation and a framework agreement with employees
  • the speed with which working groups were set up and plans were made for each area of activity
  • the successful achievement of ambitious timetables
  • the enthusiasm, commitment, effort and co-operative spirit

The integration process was given an important boost in January 2000 by the roll-out of the single BBVA brand. This helped the group generate an image that was strongly positioned in terms of identity and distinguishing characteristics. Original corporate Apple Computer logo, created by Rob Janoff; used 1976 to 1998. ...

The integration of the group’s retail businesses in Spain (BBV, Argentaria, Banca Catalana, Banco del Comercio and Banco de Alicante) led to the creation of a significant branch network under the BBVA banner. The efficiency of the BBVA integration was recognised by top financial publications. In 2000 it was chosen World’s Best Bank (Forbes) and Best Bank in Spain (The Banker). In 2001 it was Best Bank in Latin America (Forbes) and Best European Bank (Lafferty). Drawing of a self-service store. ... Disambiguation: For the Boston Brahmin family of John Forbes Kerry, see Forbes family. ... Latin America consists of the countries of South America and some of North America (including Central America and some the islands of the Caribbean) whose inhabitants mostly speak Romance languages, although Native American languages are also spoken. ... This article is about the continent. ...

NYSE: BBV New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is by far the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ...

External links

In 2005 BBVA Group accuired Laredo, Texas based Laredo National Bank

  Results from FactBites:
BBV: Banco Bilbao Vizcaya Argentaria Stock Analysis (727 words)
Banco Bilbao Vizcaya Argentaria, S.A. (BBV), the second largest bank in Spain, made another acquisition when they bought Compass Bancshares for $1.64 billion, part of BBVA group’s strategic international growth plan.
The Compass Bancshares acquisition provides Banco Bilbao with enough capital to tap into the growing Southern US Hispanic population and their economic pull.
Banco Bilbao also has eyes for the Asian banking market as well, particularly in China and Hong Kong.
Banco Bilbao Vizcaya Argentaria, S.A. for Series B Shares and American Depository Shares of Grupo Financiero BBVA ... (1775 words)
BBVA Bancomer is included on the Securities and Exchange Commission's (the "Commission") list dated June 19, 2003 of foreign private issuers that have claimed an exemption from the registration and periodic reporting provisions of Section 12(g) of the Exchange Act pursuant to Rule 12g3-2(b) thereunder.
BBVA does not intend to commence the Offers until all Mexican and Spanish regulatory law approvals required to be received prior to commencement of the Offers have been obtained.
BBVA Bancomer, a 59.4%-owned subsidiary of BBVA, is a financial services holding company whose assets consist of, among other things, one of the largest banks in Mexico based on the number of branches, total assets and total deposits.
  More results at FactBites »



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