BBVA in 2013

Global Transaction Banking

Print this page

In 2013, Global Transaction Banking has continued with its strategic plan focused on the development of new products and solutions in all the lines of transactional business and for all customer segments.

Several products have been launched that strengthen the interest of BBVA in innovation, offering increasing benefits to its customers, such as: the completion of the implementation of version 5.1 of “BBVA net cash” at global level; in Europe, the launch of the “BBVA net cash” app for smartphones and the “SEPA file test”, which checks file formats before making submissions; in Mexico, the integration of “Filters for OPIs (international payment orders), which will optimize network management and make it more profitable; in Argentina, the new “Comunidades Online” platform for non-customers and the “Avisos y Mensajes” (Alerts and Messages) service to make it easier to monitor transactions from phones or PCs; in Chile, the “BBVA net cash móvil” application; in Colombia, the “Adenda Créditos” service, which provides information on account activity; in Peru, “Interconexión en Línea”, which simplifies online reconciliation of accounts receivable; and in the United States, the implementation of the “Spend Net Payable” service as a new payment solution.

Outstanding among commercial operations have been the increase in the acquirer business (assignment of POS terminals, credit cards and other business with retailers) in Europe, Mexico and the United States, due to the comprehensive range of cross-border solutions and to the factoring operations for wind energy projects in Brazil and Mexico. Outside Europe, there has been the issue of guarantees for the construction of the Sydney Tunnel, three advance payment bonds for the construction of the Riyadh Metro in Abu Dhabi, UAE; a credit facility for the construction of the North Tarrant highway in Dallas; and two stand-by letters of credit for the purchase of two fuel ships. In Mexico, operations included the issue of guarantees with SACE cover for Etileno XXI, the biggest financing project in the petrochemical industry in the country, and the management of accounts receivable and payable of the country’s main vehicle insurance company. Finally, in Venezuela all the machinery for the construction of a steel plant has been financed.

In awards and recognitions, Global Finance has named BBVA “Best Sub-Custody Bank in Spain and Mexico”, and the magazine Euromoney has granted BBVA the award of “Best Cash Management Provider” in Colombia and Venezuela. BBVA has also been chosen as “Top Rated” in the “Agent Banks in Major Markets survey 2013” conducted by Global Custodian in all the categories, “Cross Border/Non Affiliated”, “Domestic” and “Leading”, for its securities services

Main Global Trade Finance transactions in 2013