HOUSTON, Nov. 3, 2020 /PRNewswire/ -- BBVA
USA has been honored by
Global Finance for Outstanding Crisis Leadership, a program by
the magazine that recognizes banks and companies that went above
and beyond in responding to the global pandemic crisis.
According to Global Finance, honorees for the program included
those that stood apart in assisting their customers, protecting
their employees and providing critical support to society at
large.
"We are, of course, proud to have our efforts recognized, but
our primary focus has naturally been on the safety and health of
our clients and employees," said President and CEO of BBVA
USA Javier Rodriguez Soler. "I am
also incredibly proud of the extraordinary efforts our employees
have put forth to provide consistent, uninterrupted -- and in some
cases, enhanced -- access to our products and services during these
many months of the pandemic."
BBVA USA's work surrounding the
Small Business Administration's (SBA) Paycheck Protection Program
was a key part of the bank's response, which included funding
approximately $3.3 billion small
business loans in less than 60 days, processing more than
22,000 applications and impacting approximately 360,000
jobs through that effort.
In addition, more than 200 employees from across the commercial,
wealth and retail lines of business — from administrative
assistants to relationship managers — volunteered their time to
help process applications for those funds. On the digital side, the
bank developed its online PPP loan application in just three days,
as opposed to the one-year timeline that is normally required to
plan, develop and deploy a new online application.
BBVA USA was also recognized in
August 2020 for its standout COVID-19
response on the Greenwich Associates' list for the second
quarter in the Middle Market Banking category. The honor was given
to banks that found ways to make it easy for companies to do
business during the ongoing health crisis.
For more information on BBVA USA's COVID-19 response, visit here.
For more information about Global Finance Outstanding Crisis
Leadership list, visit here.
For more on BBVA USA, visit
www.bbvausa.com.
For more BBVA news visit, www.bbva.com and the U.S.
Newsroom.
Additional news updates can be found via Twitter and
Instagram.
For more financial information about BBVA in the U.S., visit
bbva.investorroom.com.
About BBVA
BBVA Group
BBVA (NYSE: BBVA) is a customer-centric global financial services
group founded in 1857. The Group has a strong leadership position
in the Spanish market, is the largest financial institution in
Mexico, and has leading franchises
in South America and the Sunbelt
Region of the United States. It is
also the leading shareholder in Turkey's Garanti BBVA. BBVA's purpose is to
bring the age of opportunities to customers by providing the best
solutions and helping them make the best financial decisions
through an easy and convenient experience. The institution's
responsible banking model aspires to achieve a more inclusive and
sustainable society. BBVA rests on three solid values: customer
comes first, we think big and we are one team.
BBVA USA
In the U.S., BBVA is a Sunbelt-based financial institution that
operates 641 branches, including 330 in Texas, 89 in Alabama, 63 in Arizona, 61 in California, 44 in Florida, 37 in Colorado and 17 in New Mexico. The bank ranks among the top 25
largest U.S. commercial banks based on deposit market share and
ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (6th). In the U.S., BBVA has been
recognized as one of the leading small business lenders by the
Small Business Administration (SBA) and ranked 14th nationally in
terms of dollar volume of SBA loans originated in fiscal year
2019.
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SOURCE BBVA USA