Financial education is a strategic priority in corporate responsibility for the BBVA Group. Informed decisions enhance the personal financial situation of consumers, improve risk management for financial institutions, encourage saving and strengthen the overall financial system. In short, financial literacy makes for dependable savers and more responsible debtors. This commitment is embodied in the Global Financial Education Plan “El dinero en nuestras vidas” (the Money in Our Lives). This Plan’s main programs are “Adelante con tu futuro” and “Valores de Futuro”
By Roberto Ordóñez, Head of External Communications and CSR at BBVA Chile. According to a recent study, 94% of young people in Chile between 18 and 30 years of age believe that a stronger understanding of personal finances is essential to keeping… Continue reading According to young Chileans, financial literacy is essential for keeping a healthy bank account »
At BBVA we believe that financial literacy from a young age makes for dependable savers and more responsible debtors. It favors better informed decision making and a better financial standing for people.
The Mi Jubilación (My Retirement) initiative includes the following courses of action: studies and the generation of informative content regarding pensions systems by a group of independent experts; regular surveys of the public; the provision of learning and training materials with regards to social security; the provision of simulation tools for websites and mobile applications, as well as organizing talks and courses. The aim is to raise public awareness of retirement planning.
BBVA Provincial, via its Foundation, presents the «Adelante con tu Futuro» portal, an Internet space which offers the general public access to interesting information and current news relating to basic financial knowledge. The public will be able to ask for guidance on how to correctly plan their finances and budgets, and will be helped to take better decisions about their future.
Promoting financial education for individuals with little or no banking experience is one of the priorities of BBVA’s corporate social responsibility strategy.
The sixth grade class of Juanelo Turriano High School in Toledo has won the 4th ‘Active participation’ competition, run by BBVA as part of its “Future Values” educational program and aimed at supporting education in Spanish schools. The winning class will attend the «Valores de Futuro» (Future Values) camp from June 21 to 25 in Alcalá de Henares (Madrid), which is run by BBVA and United World Colleges.
As part of its responsible business goal, BBVA Chile has formed an alliance with Instituto Nacional de la Juventud (INJUV) promoting financial literacy among young people.
With the aim of promoting financial education in society, in 2013 BBVA Panama continues to implement actions as part of its «Adelante con tu futuro» (Forward with your future) Financial Literacy Program, while aligning itself with one of the Group’s strategic priorities in relation to corporate responsibility.
BBVA Colombia announced investments of 5.1 billion pesos for 2013 in strengthening corporate responsibility initiatives aimed specifically at supporting education as a cornerstone in building a sustainable society.
Students at Charles W. Eliot and Benjamin Franklin Elementary Schools learned the finer points of fitness from basketball luminaries, listened as BBVA Compass volunteers read stories, and participated in an online financial literacy program as part of Team. Works. In Schools., a joint initiative by BBVA Compass and NBA Cares.