January-March 2013

Main highlights

Two successful placements of issues on international markets:

  • BBVA Continental has issued a 3.5 years subordinated bond issue amounting to USD 300m at a 2.25% interest rate. The issue was participated by foreign and domestic investors (U.S., Europe and Latin America). The issue was oversubscribed by 6.8 times, proving the confidence of investors in Peru and the soundness of BBVA in the country.
  • BBVA Colombia has placed subordinated bonds in the capital markets totaling 365 billion pesos at 10 and 15 years. The issue was oversubscribed 2 times and was qualified with an AAA rating from Fitch rating agency.

Moody’s has upgraded BBVA Paraguay from Ba3 to B1 with a stable outlook. The improvement reflects the bank’s good position in the market, where it is one of the four biggest banks in the Paraguayan financial system.

The magazine Global Finance has once more chosen BBVA as “Best Bank in Peru and Venezuela” in its new 2013 edition of “The Best Banks in Latin America”. This means BBVA Continental has been leading the table for 10 years and BBVA Provincial for 7 years. The publication highlights that the winning banks offer the best solutions to customers with an excellent service.

In South America, BBVA remains committed to literacy, not only in terms of financial literacy but overall, in the communities where it operates. In Chile, BBVA will support comprehensive education for students from the University of the Andes through a donation that aims to promote the interests and abilities of students beyond the academic field through cultural, artistic and sporting activities, innovation, entrepreneurship, volunteer work and social responsibility. Also in Chile, BBVA is supporting financial literacy of children aged 7 to 15 through the online “AgentPiggy” platform.

The development of new technologies through simple channels focused on giving the best possible service to customers continues to be the focus of BBVA in South America, as shown by the following milestones:

  • The BBVA Provincial blog, which focuses its efforts to extend the links between the bank and its customers and followers, has attracted a million visits. This tool gives constantly updated information about new campaigns and promotional customer service strategies.
  • BBVA Colombia and BBVA Asset Management have launched the portal www.bbvaassetmanagement.co, a website that provides specialized information on a broad portfolio of products and services. It offers customers a very complete value offer, with profitable and sound solutions that are adapted to their needs.
  • BBVA Francés’ online banking service for companies in Argentina offers its customers a new “Alerts and Messages” tool providing users with more detailed information about their transactions.