BBVA approves new structure and completes succession plan

In a meeting conducted today, the Board of Directors of BBVA named Carlos Torres Vila Group executive chairman, replacing Francisco González, and Onur Genç as CEO.

BBVA Results 4Q18

In 2018, the BBVA Group earned €5.32 billion, 51.3 percent more than in the previous year. Recurring revenues, cost containment efforts, and capital gains on the sale of BBVA Chile drove these results. BBVA’s diversified model and the transformation strategy are behind this positive evolution and of the improvements in efficiency.

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At BBVA in Switzerland we can provide alternatives that meet this requirement, through structured products such as 'Twin - Win'.

BBVA Results 2Q18

Onur Genç will be the next CEO of BBVA

The Board of Directors of BBVA approved the succession plan for the company’s Chief Executive Officer (CEO). Onur Genç, who is currently the CEO of BBVA Compass and U.S. country manager for BBVA, will replace Carlos Torres Vila as Group CEO. The succession is expected to take place on Dec. 31, 2018.

Equity market analysis and valuations

Equity market valuations are at historically very high levels, which implies that long-term yields for investors will be lower than in the past.