BBVA has been a pioneer and innovator particularly in sustainable loans, being one of the most active institutions today both globally and in Spain. This commitment to sustainability has also reached the Asian market where in 2019 the bank participated as coordinator in its first sustainable loan to a Chinese corporate client, COFCO International, the largest agribusiness company in China. BBVA is also certifying its clients’ operations as green, social or sustainable in the region, in accordance with its sustainable transactional banking framework. In September 2020, BBVA and Korean energy company SK Innovation signed a €100 million working capital loan to expand battery manufacturing facilities for electric vehicles in Europe.
Digitization is another innovative aspect that clients find in BBVA’s offer. In 2019, the bank revolutionized the corporate loans market with the creation of the digital loan (‘D-Loan’). It is a product created by BBVA that aims to encourage companies to accelerate their digital transformation, a topic of significant importance for most CEOs today. BBVA formalized the world’s first financing of this kind with Olam International, one of the leading food and agribusiness companies based in Singapore.
ACCOMPANYING ASIAN CLIENTS IN THE REST OF THE WORLD
BBVA has leading franchises in Spain, Mexico, South America, and Turkey, a competitive advantage that positions the bank as the best partner for most multinational Asian clients as they enter and grow in these markets.
One of BBVA’s priorities is to accompany Asian corporates in their business activity across the bank’s geographical footprint. This is so in the beginning of the client’s journey, as well as when they already are more established in the region. BBVA supports them in a variety of financing solutions, ranging from advisory on an acquisition, to a public offering or organically, the management and participation in a financing and issuance of necessary guarantees.
It is essential to respond to the day-to-day operational and transactional needs of companies, corporations and institutions, as well as to support them in their treasury management, where liquidity management is a key factor. This is accomplished through instruments and services adapted for the management of collections, payments, foreign trade and asset management.
BBVA offers optimal coverage of these needs, thanks to its franchises around the world and its global business approach, especially for Asian companies with interests in Latin America. The bank’s mission is to accompany its wholesale clients in their international expansion by putting the geographies in which the bank is present to work at the service of its clients. A good example of this was the formalization of a green guarantee facility in favor of China Harbour Engineering Company Limited to build line 1 of the Bogotá metro. This operation was historic, as it was the largest infrastructure project in Colombia as well as the most ambitious cooperation project ever signed between the Latin American country and China.
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March 24, 2021 at 01:12PM
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BBVA in Asia - BBVA
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