Corporate and Business Banking (CBB)

Corporate and Business Banking (CBB) handles SMEs, large companies, institutions and developers, with specialized branch networks for each segment. It also contains the product management unit that designs and comercializes specific products in leasing, renting, factoring, accounts payable financing and foreign trade for all customers in Spain and Portugal.

In a context of uncertainty and financial tension in Europe throughout 2010, the profitable growth model was maintained with the implementation of various plans of action to the type of each public administration and its dependent bodies.

BBVA has participated in the main transactions in the sector, including those listed in the table of the preceding page.

Within the framework of tenders management, the work carried out over 2010 was excellent, as BBVA was awarded more than 50% of the contracts for which it applied, including the Spanish Social Security system’s enforced collection units and the comprehensive management of MUFACE, Mutualidad General de Funcionarios Civiles del Estado.

In the real estate developer segment, the fall in the housing activity led to a 10.3% decline in lending in 2010. In addition, new projects are mainly in the government-regulated category and these now account for up to 72% of the total, versus the 50% in 2009.

CBB. Main transactions in the institutional segment

  • Fund for Ordered Banking Restructuring (FROB). €350m
  • Loans to autonomous regions and dependent entities. €4,000m
  • Concessio Estacions Aeroport L 9 S.A., Barcelona Metro sections I and IV. €200m
  • Tender for enforced collection contract for the Social Security system
  • Full management of the treasury of the General Mutual Society of State Civil Servants (MUFACE)
  • Only Spanish Bank to be awarded Joint European Support for Sustainable Investment in City Areas (Jessica) contract by EIB.