Banco Bilbao Vizcaya (Spanish: BBVA, Commonly Known As Banco Bilbao Vizcaya Argentaria Or Banco Bilbao Vizcaya Argentaria; Abbreviation BBVA) Is The Main Bank In Spain, Founded In 1999 And Headquartered In Bilbao, Basque Country.
In 1999, The Name Was Changed To BBVA After The Merger Of Two Banks, Banco Bilbao Vizcaya And Argentaria. Banco Bilbao Vizcaya Itself Was Formed A Few Years Ago By The Merger Of Three Banks: Banco De Bilbao, Banco De Vizcaya And Banco Exterior De España. BBVA Started Sponsoring La Liga In The 2008-09 Season And Continued For 8 Seasons Until The 2015-16 Season. In 2010, BBVA Also Started Sponsoring NBA Until 2017.
In 2018, BBVA Became The First Bank In The World To Issue Loans Using Blockchain Technology. It Also Ranked 3rd In The "100 Most Valuable Brands In Spain 2018" List And 224th In Fortune Magazine's 2018 World 500.
In 2020, BBVA USA Was Sold To PNC Financial Services For $11.60 Billion.
International Expansion
BBVA's International Business Began In 1902 When Banco De Bilbao Opened A Branch In Paris And Another In London In 1918, Thus Becoming The First Spanish Bank To Operate Overseas. In The 1970s, BBVA Was Configured As An International Group, Establishing Operating Offices And Representative Offices In Financial Centers In Europe, America, And Asia; It Also Expanded Through The Acquisition Of Local Banks.
- Garanti Bank: Progressive Acquisition Of A Majority Stake In Garanti Bank In Turkey From 2010 To 2022
- BBVA USA: Acquisition Of Valley Bank, Laredo National Bank, Texas Regional Bancshares, Compass Bank, Guaranty Bank And Other Small Banks In Texas And California From 2004 To 2009 Through Its Shareholding In BBVA Mexico. Sold To PNC In 2021
