Key Developments: Banco Bilbao Vizcaya Argentaria S.A. (BBVA.MC)

BBVA.MC on Madrid SE C.A.T.S.

8.38EUR
21 Nov 2014
Price Change (% chg)

€0.22 (+2.68%)
Prev Close
€8.16
Open
€8.21
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€8.43
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€8.19
Volume
67,504,556
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€9.99
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€8.14

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Latest Key Developments (Source: Significant Developments)

Fitch upgrades Banco Bilbao Vizcaya Argentaria to A-; outlook stable-Reuters
Thursday, 29 May 2014 11:30am EDT 

Banco Bilbao Vizcaya Argentaria SA:Fitch Ratings upgrades Banco Bilbao Vizcaya Argentaria long-term Issuer Default Rating (IDR) to 'A-' from 'BBB+' and Viability Rating (VR) to 'a-' from 'bbb+' - Reuters.Outlook stable.  Full Article

Banco Bilbao Vizcaya Argentaria gives further details on dividend option program
Monday, 14 Apr 2014 11:46am EDT 

Banco Bilbao Vizcaya Argentaria SA:Says trading period for free allocation rights of the free-of-charge capital increase corresponding to dividend option (dividendo opcion) program ended on April 14.Holders of 10.79 percent of free allocation rights accepted BBVA undertaking to acquire such free allocation rights.BBVA acquired 624,026,809 rights for total consideration of 104,836,503.91 euros.BBVA waived free allocation rights so acquired.Holders of remaining 89.21 percent of free allocation rights chose to receive new BBVA ordinary shares.Definitive number of BBVA ordinary shares of 0.49 euro of par value issued in free-of-charge capital increase to be 101,214,267 and amount of capital increase to be 49,594,990.83 euros.Ordinary trading of such shares in Spain is expected to commence on April 25.  Full Article

Banco Bilbao Vizcaya Argentaria SA says BBVA Compass opens several loan production offices-DJ
Monday, 7 Apr 2014 01:16pm EDT 

Banco Bilbao Vizcaya Argentaria SA:BBVA Compass received approval to open several loan production offices, including the Columbus location, to help expand the bank commercial loan offerings beyond its Sunbelt footprint-DJ.BBVA Compass has approval to open loan production offices across the United States in Seattle, San Francisco, Los Angeles, Nashville, Tenn., and the North Carolina cities of Charlotte and Raleigh.  Full Article

Banco Bilbao Vizcaya Argentaria distributes interim dividend-NYSE Euronext
Tuesday, 1 Apr 2014 08:00pm EDT 

Banco Bilbao Vizcaya Argentaria SA:Proceeds to distribution of cash interim dividend of 0.168 euro per share - NYSE Euronext.Record date March 28.Ex-dividend date March 31.Payment date April 17.  Full Article

Banco Bilbao Vizcaya Argentaria SA informs on dividend option
Wednesday, 26 Mar 2014 12:51pm EDT 

Banco Bilbao Vizcaya Argentaria SA:Approves execution of capital increase.Capital increase as instrument for implementation of shareholder remuneration program named dividend option.Maximum number of new shares to be issued to be 113,450,087.Maximum aggregate nominal value of capital increase to be 55,590,542.63 euros.Number of new shares 113,450,087, nominal value 0.49 euro per share.Number of rights (NAR) necessary to receive one new share is 51.Fixed purchase price of each free allocation right assumed by BBVA is 0.168 euro per right.Record date for allocation of rights March 28.New shares allocated to shareholders on April 24.  Full Article

Banco Bilbao Vizcaya Argentaria announces Jaime Saenz de Tejada to take over strategy and finance unit
Friday, 21 Mar 2014 12:53pm EDT 

Banco Bilbao Vizcaya Argentaria SA:Announces Jaime Saenz de Tejada to take over Strategy and Finance unit.Says in strategy and corporate development Saenz de Tejada to assume responsibilities previously handled by Carlos Torres Vila.Says in finance Saenz de Tejada replaces Manuel Gonzalez Cid.Gonzalez Cid to join chairman’s office as adviser for strategic affairs.  Full Article

Moody's upgrades BBVA's rating to BAA2; outlook positive on long-term ratings
Tuesday, 4 Mar 2014 08:00am EST 

Banco Bilbao Vizcaya Argentaria SA:Moody's Investors Service has upgraded to Baa2 from Baa3 the debt and deposit ratings of BBVA.Outlook changed to positive from stable.Moody's upgraded BBVA's standalone Bank Financial Strength Rating (BFSR) to C- (equivalent to a baa2 baseline credit assessment (BCA)) from D+/baa3 and its short-term rating to Prime-2 from Prime-3.Outlook on the bank's BFSR remains stable.Rating actions reflect the improvement in the Spanish government's creditworthiness, reflected in Moody's upgrade of Spain's government bond rating to Baa2 from Baa3 and the concurrent change of the outlook on Spain's rating to positive from stable on Feb. 21.  Full Article

Banco Bilbao Vizcaya Argentaria SA acquires Simple
Wednesday, 19 Feb 2014 07:00pm EST 

Banco Bilbao Vizcaya Argentaria SA:Agrees to acquire Simple.Simple is a US-based company involved in digital banking.The transaction values Simple at $117 million.Simple will continue to operate separately under the same brand, with the same philosophy and approach to customer experience.  Full Article

Banco Bilbao Vizcaya Argentaria SA announces issue of perpetual contingent convertible securities into ordinary shares
Tuesday, 11 Feb 2014 03:16pm EST 

Banco Bilbao Vizcaya Argentaria SA:Says it has agreed to carry out an issue of perpetual contingent convertible securities into ordinary shares of BBVA (Preferred Securities), without pre-emption rights, for a total amount of 1.5 bln Euros.Says it will apply for the preferred securities to be qualified as additional tier 1 capital under regulation (EU) of the European Parliament and of the Council of Jun. 26, 2013 on the prudential requirements for credit institutions and investment firms.Says issuance will be targeted only at qualified investors and foreign private banking customers and in any case will not be made or subscribed in Spain or among Spanish-resident investors.  Full Article

Moody's changes outlook on BBVA's Baa3 ratings to stable from negative; affirms ratings
Monday, 10 Feb 2014 07:00pm EST 

Banco Bilbao Vizcaya Argentaria SA:Moody's Investors Service has changed to stable from negative the outlook on Banco Bilbao Vizcaya Argentaria SA's (BBVA) Baa3 long-term senior debt and deposit ratings.Concurrently, Moody's affirmed these ratings.The rating actions follow the affirmation of the bank's standalone bank financial strength rating (BFSR) at D+ with a stable outlook and the gradual economic recovery in Spain.The bank's short-term ratings were affirmed at Prime-3.  Full Article

UPDATE 1-Spain's BBVA says new shares issued at 8.25 euros each

MADRID, Nov 20 - Spanish bank BBVA said on Thursday it had priced a 2-billion-euro ($2.5 billion) rights issue to fund the raising of its stake in Turkey's Garanti at 8.25 euros a share, as it pursues its strategy of overseas expansion.

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