Banco Bilbao Vizcaya Argentaria SA (MEX:BBVA)
MXN 177.5 -1.08 (-0.6%) Market Cap: 1.03 Til Enterprise Value: 528.89 Bil PE Ratio: 7.31 PB Ratio: 1.10 GF Score: 59/100

Banco Bilbao Vizcaya Argentaria SA Investor Day Transcript

Nov 18, 2021 / 01:30PM GMT
Release Date Price: MXN129.3 (-3.65%)
Rafael Salinas Martinez de Lecea
Banco Bilbao Vizcaya Argentaria, S.A. - CFO & Global Head of Finance

(presentation)

Hello, everyone, and welcome to BBVA Investor Day. I'm Rafael Salinas, Chief Financial Officer of the group. As you know, I've been in office for a short period of time, but I should say that it has been quite intensive. In less than a month, we have reported excellent results, and we have announced 2 very important developments for the group. First, we will soon start executing one of the largest share buybacks in Europe for an amount of EUR 3.5 billion, close to 10% of our shares. And second, we launched the voluntary takeover bid for Garanti's minority interest.

For those of you that are new to BBVA's equity story, we hope that this event serves as a good introduction to the group. For those who have been engaging with us for some time, we hope that today's session will provide more clarity on the group's profitable growth strategy, capital allocation and long-term aspirations. As you will see in our management presentations, BBVA is in an excellent position and

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