The strength and recurrency of its earnings, combined with its edge in efficiency, profitability, risk management, capital adequacy and liquidity ratio, put the Group in an advantageous position compared to its main competitors. Furthermore this has been achieved in a context of global instability and uncertainty.

Ignacio Deschamps González will become the new chairman of the BBVA Bancomer board of directors on Sept. 1, 2008, while staying on as Bancomer’s general manager. It will be the first time that both positions are held by the same person at BBVA's biggest franchise in the Americas.

“BBVA will face 2008 with a solid foundation of capital and liquidity, high levels of efficiency and profitability, a healthy balance sheet and low level of risk. BBVA today is probably the strongest bank in our industry's big league," said Francisco González in a speech at the Bank’s Annual General Meeting, held today at the Euskalduna Palace in Bilbao.

BBVA President and Chief Operating Officer stated  during his speech at the Annual General Meeting held today in Bilbao, “that rapid growth in recurrent earnings makes BBVA the best investment alternative” at this time. In fact, BBVA is the only bank in the world to have received two rating agency upgrades in the past year.

The Group will increase the Plan's resources 42%, to €28 million, funding 28,000 grants for Latin American children this year, compared with almost 18,000 in 2007.

The BBVA Group today announced that it has received all necessary regulatory approvals to move forward with integrating its four United States subsidiary banks into one financial institution.

BBVA´s Chairman & CEO at the Discussion on Banking in Latin America organised by the Institute of International Finance (IIF) in Rio de Janeiro (Brazil)

The 2008 expedition

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