BBVA Perú

BBVA Perú
Company typeSubsidiary
BVL: CONTINC1
IndustryFinance
Founded1951; 73 years ago (1951)
HeadquartersAv. República de Panamá No. 3055, San Isidro District, Peru[1]
Key people
Alex Fort Brescia, (Chairman)
Fernando Eguiluz
(CEO)
ProductsFinancial services
US$ 500.1 Million (2023)[2]
Total assetsUS$ 282 Million (2023)[2]
OwnerBBVA
Number of employees
7,266 (2023)[2]
Old BBVA Banco Continental headquarters in Lima.

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.[3]

In June 2011, the Fitch credit rating agency raised BBVA Continental's investment grade from BBB to A−.[4]

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

In 2014, Global Finance ranked BBVA Continental the "Best Bank in Peru."[6]

On June 10, 2019, BBVA unifies its brand worldwide and BBVA Continental is renamed BBVA.[7]

In July 2019, Fernando Eguiluz becomes CEO of BBVA Perú.[8]

See also

References

  1. ^ BBVA Banco Continental Notes to Financial Statements as of December 31, 2007, page 71.
  2. ^ a b c "Memoria anual 2023" (PDF) (in Spanish).
  3. ^ "History". BBVA Continental. 6 June 2016. Retrieved 25 December 2017.
  4. ^ GrupoRPP (2011-06-21). "Fitch elevó rating de BBVA Continental a A-". RPP (in Spanish). Retrieved 2023-01-28.
  5. ^ BBVA Banco Continental 2013 Annual Report
  6. ^ "Global Finance Magazine - BEST BANKS 2014: LATIN AMERICA".
  7. ^ "BBVA to unify its brand worldwide, changes its logo" (Press release). PR Newswire. December 24, 2019.
  8. ^ "BBVA designa a mexicano Fernando Eguiluz como nuevo CEO en Perú | ECONOMIA". 4 June 2019.