| Project Detail |
This summary covers equity investments by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA or the Group), in its subsidiary in Peru, Banco BBVA Perú S.A. (BBVA Peru or the Subsidiary). The investor has applied for a MIGA guarantee of up to USD700 million for capital optimization cover for a period of up to 3 years (the Project). This guarantee is part of a multi-country Mandatory Reserves Program with BBVA [link to Turkiye SPG; link to Argentina SPG]. BBVA is a global financial services group founded in 1857. The bank is present in more than 25 countries, has a strong leadership position in the Spanish market, is the largest financial institution in Mexico and it has leading franchises in South America and Turkey. BBVA contributes with its activity to the progress and welfare of all its stakeholders: shareholders, clients, employees, providers and society in general. In this regard, BBVA supports families, entrepreneurs and companies in their plans, and helps them to take advantage of the opportunities provided by innovation and technology. Likewise, BBVA offers its customers a unique value proposition, leveraged on technology and data, helping them improve their financial health with personalized information on financial decision-making. As of December 2024, the group employed 125,916 people across 5,749 branches and served more than 77.2 million customers. Further information on the BBVA Group can be found on https://shareholdersandinvestors.bbva.com/. BBVA Peru was acquired by the Group in 1995. The Group holds 47.1% of shares. The Subsidiary provides a broad range of financial and non-financial products, serving more than 8.8 million clients through its 7,545 employees. |
