BBVA considers that the fight against financial exclusion is an objective that is coherent with its business aims and its ethical and social commitment. Its flagship project is the Fundación Microfinanzas BBVA. The Foundation’s job is to facilitate access to financial services to the most disadvantaged in society, so they can undertake sustainable productive activities in order to improve their standard of living and that of their families, promoting their economic and social development.
The BBVA Microfinance Foundation, a non-profit organization created to promote economic and social development for the disadvantaged through productive finance, has just launched its new multimedia corporate web page, together with its new-look logo.
By David Tuesta, Chief Economist of Financial Inclusion Unit Providing greater access to the financial system has become a major objective of government programs. Most research concludes that increased public interaction with finance is correlated with stronger growth and greater wellbeing. It… Continue reading Improving access to banking »
BBVA Colombia and the Gelsa Group, with its Paga Todo Para Todo brand, have announced an alliance which will enable 140 Banking Correspondents to be opened in Bogotá and Cundinamarca. With these new customer service points, users and clients of the financial institution can carry out operations, such as deposits, loan and credit card payments, withdrawals and transfers.
How can we capitalize on the wealth of experience and expertise at BBVA to have a positive economic impact on underbanked communities? The answer actually came six years ago. It’s called the BBVA Microfinance Foundation and has benefitted more than five million… Continue reading Banking for everyone »
By Javier Alonso, Santiago Fernández de Lis, Carmen Hoyo, Carlos López-Moctezuma and David Tuesta. The low levels of banking penetration in the Mexican population, as compared to other Latin American countries, present the challenge of increasing the range of financial services towards… Continue reading Study: Mobile banking in Mexico as a mechanism for financial inclusion »
The BBVA International Financial Institutions team was in charge of moderating the ‘Banking: Building a better future for people’ discussion in the Bank-to-Bank transactional banking forum, held in Frankfurt.
On behalf of BBVA, it was with honor and pride that I attended the 2012 inaugural Social Pioneer Awards Gala reception in Melbourne on 28 November 2012. At this event, BBVA was given an award for its work in the BBVA Microfinance… Continue reading Pride in BBVA’s Microfinance initiative »
The Principles for Social Investment Secretariat and United Nations Global Compact has granted BBVA the Social Investment Pioneers Award in the Social Business category for its contribution to the development of the communities where it operates through the BBVA Microfinance Foundation. Shaun… Continue reading BBVA receives the United Nations Social Investment Pioneers award in the Social Business category »
Banco de Crédito y Ahorro ADOPEM (Credit and Savings Bank ADOPEM) and BBVA Microfinance Foundation have signed an strategic alliance to work jointly in promoting the economic and social development of poor persons in Dominican Republic, through their granting them access to… Continue reading Banco ADOPEM and BBVA Microfinance Foundation join to support poor people’s economic enterprises »
The new service launched by BBVA Bancomer is also implemented in Spain under the name ‘Efectivo móvil’ (Mobile Cash). The operation is simple: if a person wants to send money to anyone, anywhere in the country, they simply go into their preferred… Continue reading BBVA Bancomer to boost access to banking of 1.5 million users with ‘Mobile Money’ »