- What is BBVA's business model and international footprint?
BBVA is a global financial group with a diversified business providing financial services in 31 countries to 51 million customers. It has a strong leadership position in the Spanish market, it is the largest financial institution in Mexico and it has leading franchises in South America and the Sunbelt region of the United States. It also has a relevant presence in Turkey and Asia.
For more information, go to BBVA in the world.
- How can I obtain financial information on BBVA?
All the financial information is available in the Financials section.
- How can I access BBVA's research service?
See BBVA Research.
- How can I access BBVA's press releases?
See Press releases.
- What are BBVA's credit ratings according to the rating agencies?
You can find detailed information in the Debt Investors/Ratings section of this website.
- Who is BBVA's auditor?
The current audit firm is KPMG.
- How does BBVA notify traditional dividend payments?
Once the BBVA Board of Directors approves the amount of payment, the Bank reports this information in a number of ways:
• Notification to the Spanish National Stock Market Commission (CNMV).
• Announcement on the Bank's website.
• Notification to shareholders who have subscribed to the notification service.
• Via the Shareholder Helpline: Tel: 902 200 902 or e-mail firstname.lastname@example.org.
- How can I find out what dividends have been paid by BBVA?
Check the history log of dividends paid out by BBVA here.
- What does BBVA's Dividend Option consist of?
It is a remuneration scheme that enables shareholders to choose between different alternatives for their remuneration:
• Receive new BBVA shares free of charge as a share capital increase by an amount equal to the dividend with no tax withholding.
• Sell to BBVA the free subscription rights allocated in the capital increase (in the exercise of the free allocation right commitment undertaken by the Bank) and receive the dividend in cash after deducting the tax withholding.
• Sell the free subscription rights allocated to you in the share capital increase on the stock market, during the trading period; you receive the amount in cash after deducting tax withholding.
- What is the dividend yield on BBVA shares?
The dividend yield on BBVA shares depends on the total dividend for the year in question and the share price. These figures are published in the quarterly results.
You can access the BBVA Group's quarterly reports here.
- On what sustainability indices is BBVA listed?
- BBVA maintains a prominent position in the most important sustainability indices, including DJSI, MSCI, FTSE4Good and Ethibel. Its rating for the period can be found here .
- What are the key points in BBVA's responsible action?
- How does BBVA manage the main ESG issues?
- What are the key indicators in BBVA's ESG policy?
- See bbvaresponsiblebanking.
- Where can I find more information on BBVA's social and environmental programs?
- See bbvaresponsiblebanking.
- What are ADSs? What are the benefits to a U.S. investor?
American Depositary Shares, or ADSs, are securities issued by a U.S. commercial bank that represent an established number of shares of a foreign-based company’s equity. ADSs are quoted in U.S. dollars and trade, settle and clear in the same manner as other U.S. securities. Moreover, you can buy and sell ADSs through full-service brokers or through discount or online brokers.
- What is the difference between an ADS and an ordinary share?
Although the BBVA ADSs are similar to the underlying ordinary shares and carry substantially the same rights, they are not identical. For a full explanation of BBVA ADSs, please visit www.sec.gov/edgar.shtml and read the section entitled “Description of BBVA American Depositary Shares” in BBVA’s Form F-4 filed on June 29, 2007 with the Securities and Exchange Commission.
- On what stock exchange are BBVA's ADSs traded?
BBVA ADSs are quoted in U.S. dollars on the New York Stock Exchange under the symbol “BBVA”. Year-to-date, BBVA’s ADS average daily trading volume is approximately 2 million ADSs.
- Do BBVA ADSs holders have voting rights?
Yes, holders of BBVA ADSs have voting rights. Holders of BBVA ADSs as of the record date for a particular stockholder vote will be entitled to vote on proposals by instructing The Bank of New York Mellon to vote their shares on their behalf. Corporate action notifications and stockholder meeting materials will be delivered to holders of BBVA ADSs in English.
- How are ADSs represented?
ADSs can be held directly through BNYM in physical (certificated) or book-entry (electronic) form via a method call Direct Registration System (“DRS”). With the DRS, shareholders are sent a DRS Transaction Statement evidencing their ownership of BBVA ADSs.
ADSs can also be held via a broker/advisor. In this case, it is likely that the shares are held in book-entry form only and trades are settled via The Depositary Trust Company (DTC).
- What is the Direct Registration System (DRS)?
The Direct Registration System (DRS) is a non-certificate, statement-based method of holding shares registered directly with BBVA’s transfer agent, The Bank of New York Mellon. Benefits of holding shares in DRS form include:
- DRS shares carry all the rights and privileges of certificated shares;
- costs associated with holding physical certificates, such as storage/safekeeping and/or certificate replacement, are eliminated; and
- DRS enables electronic transactions, such as share transfer or delivery to/from a brokerage account, without the need to deliver a physical certificate.
- How can I access my DRS account with The Bank of New York?
You can access your account online at www.stockbny.com or by calling 1-800-345-1612.
- How are dividends paid out?
ADS dividends and other cash distributions are paid in U.S. dollars at competitive foreign exchange rates. The depositary bank makes payments as efficiently as other cash distributions for listed U.S. securities. ADS investors receive dividend payments through their existing brokerage arrangements or, for Registered Holders, by check issued directly from the depositary bank.
- Dividend History
For information on the historical dividends paid to ADS holders investors should visit The Bank of New York’s website at www.adrbny.com and type the ticker symbol “BBVA” under the DR Directory Guide.
- What are the tax consequences in Spain?
Under Spanish law, dividends paid by a Spanish company to a non-Spanish resident holder are subject to a Spanish Non-Resident Withholding Tax (NRIT) of 19%. However, under the current tax treaty between the U.S. and Spain, certain U.S. residents are subject to a 15% withholding tax at source. To benefit from the reduced rate, an individual must have on file with BNYM or their broker proof of U.S. residency via a 6166 certificate. In order to obtain the certificate 6166, one must apply for it via the Internal Revenue Service form 8802 (www.irs.gov).
The taxes are withheld from the gross dividend payment and therefore the U.S. resident will receive a net dividend payment.
BBVA recommends that all individuals seek professional tax advice.
- Does the BBVA ADS program have a Dividend Reinvestment Plan?
Global BuyDIRECT is a Bank of New York-sponsored dividend reinvestment and direct purchase program for ADS programs of non-U.S. companies. BBVA’s ADS Global BuyDIRECT plan allows existing stockholders to use dividends to automatically purchase additional BBVA ADSs. The plan also allows first-time and existing investors to purchase additional BBVA ADSs on a transactional basis. These investments are made through The Bank of New York Mellon as transfer agent.
As a participant in BBVA’s ADS Global BuyDIRECT plan, an investor benefits from the direct ownership of his or her ADSs, the efficiency of receiving corporate communications directly from BBVA, and the savings resulting from reduced brokerage and transaction costs.
For more information about BBVA’s ADS Global BuyDIRECT plan, please visit www.stockbny.com or call 1-800-345-1612.
- Do I have to pay capital gains tax in Spain when I sell my BBVA ADSs?
No, you are only required to pay a capital gains tax, if applicable, to the U.S. federal government on any gains recognized upon a sale of BBVA ADSs.
- How can I convert the BBVA ADSs into BBVA ordinary shares?
In order to convert BBVA ADSs into ordinary shares, the broker will be required to have an account with a broker that is able to custodize ordinary shares in the Spanish Central Depository “Iberclear.” A broker may convert any BBVA ADSs into BBVA ordinary shares by calling BNYM at 212-815-3874.
- Does BBVA meet U.S. regulatory requirements?
BBVA complies with all U.S. regulatory requirements under the Sarbanes Oxley Act and as such, all financial information is filed with the SEC (http://www.sec.gov/edgar.shtml).
- Where can investors obtain more information on BBVA'S ADS?
To learn more about BBVA ADSs, please visit www.adrbny.com, and type the ticker symbol “BBVA” under the DR Directory Guide.