Spain's High Court has annulled 91 million euros ($100 million) of fines imposed on four Spanish banks, including Santander and BBVA, for selling interest rate derivatives to customers above market rates. The competition watchdog imposed the fines after it considered the lenders, which also included Caixabank and Sabadell, had fixed above market rates the price of derivatives that were used to hedge the interest rate risk associated with syndicated loans for project finance. The court upheld the appeals filed by Santander, BBVA Sabadell and Caixabank against the watchdog's rulings of Feb. 13, 2018.
Sustainable lending for projects undertaken through government entities amounted to more than $873 billion, mainly initiatives by public energy companies aimed at curbing their greenhouse gas emissions. In the construction sector, support for low-income housing projects has continued to generate excellent results. During the first half of the year, BBVA financed more than 31 projects, for upwards of 6,224 new homes, potentially benefiting 24,896 people. BBVA has also lent some $72 billio.
Banco BBVA Argentina S.A. (NYSE:BBAR) Q3 2023 Earnings Call Transcript November 22, 2023 Operator: Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina’s Third Quarter 2023 Financial Year Results Conference Call. We would like to inform you that this event is being […]
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