BBVA apoya a Grupo Piñero en la firma de las primeras financiaciones bilaterales sostenibles con aval del ICO

BBVA is the preeminent bank serving Spain’s large hotel chains, and in the last few years it has led important deals — both in financing and financial advisory services — in Spain, Mexico, Turkey, and other countries. The bank has a team of experienced professionals with expertise in the sector, which covers the entire spectrum of financial services from transactions to advice on topics such as acquisitions and divestment, project financing, and capital markets.

Jose Ramón Vizmanos, head of Global Client Coverage at BBVA Corporate & Investment Banking, explains: “During the COVID-19 crisis, BBVA’s role has been — and will continue to be — to provide support to the travel and tourism sector, to be close at hand. This sector has been especially hard hit due to restrictions on travel and the widespread mandatory closing of hotel facilities. BBVA has provided solutions aimed at guaranteeing the solvency of these companies, with the goal of limiting the duration of the crisis.”

BBVA, a leader in sustainable finance

Demonstrating its firm commitment to the fight against climate change, in 2018 BBVA approved its Pledge 2025. As part of this initiative, the bank has already secured €40 billion of its €100 billion 2025 target for green financing, sustainable infrastructure, social entrepreneurship, and financial inclusion. The bank has the means, knowledge, and experience to provide its clients with superior advice on sustainable financing solutions and is playing a key role in the development of this market.

As one of the most active organizations on the world stage and the leader in Spain, BBVA has proven itself to be a dominant player in the sustainable loan business. In 2019, the bank participated in 46 related deals, of which it led a total of 23 in Europe and America, for clients in various sectors. Furthermore, BBVA is the bank that has most frequently assumed the role of coordinator and/or sustainable agent in these agreements.

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