BBVA Perú explained

BBVA Perú
Type:Subsidiary
Location:Av. República de Panamá No. 3055, San Isidro District, Peru[1]
Key People:Alex Fort Brescia, (Chairman)
Fernando Eguiluz
Num Employees:6,183
Industry:Finance
Products:Financial services
Owner:BBVA
Revenue:US$ 579.7 Million (2021)
Assets:US$ 264 Million (2021)

BBVA Perú (formerly BBVA Banco Continental) is a Peruvian bank and subsidiary of Holding Continental (an affiliate of BBVA) which holds 92.08% of its equity.

History

The bank was established in 1951, and its operations are authorized by the Superintendencia de Banca, Seguros y AFP (SBS).

BBVA Continental is the result of the merger of Banco Continental with Banco Bilbao Vizcaya and Grupo Breca in 1995.[2]

In June 2011, the Fitch credit rating agency raised BBVA Continental's investment grade from BBB to A−.[3]

The bank conducts its business through 311 branches located in different regions of Peru. As of February 2014, it had 5,429 employees.[4]

In 2014, Global Finance ranked BBVA Continental the "Best Bank in Peru."[5]

On June 10, 2019, BBVA unifies its brand worldwide and BBVA Continental is renamed BBVA.[6]

In July 2019, Fernando Eguiluz becomes CEO of BBVA Perú.[7]

See also

External links

Notes and References

  1. BBVA Banco Continental Notes to Financial Statements as of December 31, 2007, page 71.
  2. Web site: History. BBVA Continental. 6 June 2016. 25 December 2017.
  3. Web site: GrupoRPP . 2011-06-21 . Fitch elevó rating de BBVA Continental a A- . 2023-01-28 . RPP . es.
  4. BBVA Banco Continental 2013 Annual Report
  5. Web site: Global Finance Magazine - BEST BANKS 2014: LATIN AMERICA.
  6. BBVA to unify its brand worldwide, changes its logo. . . December 24, 2019.
  7. Web site: BBVA designa a mexicano Fernando Eguiluz como nuevo CEO en Perú | ECONOMIA. 4 June 2019.