BBVA London branch to become a key GTB player in the UK market

In a region where the financial sector has faced high macroeconomic volatility and tough financing conditions, BBVA has proven its resilience and has strengthened its business proposition in the UK market with the aim of becoming a key GTB player and further adding value to its customers. Global Transaction Banking is a major contributor of revenues to CIB and has the ambition to keep growing. This is a reflection of the talent BBVA holds, its strong client relationships and solid financial management.

In recent times, companies have been faced with huge uncertainty… armed conflicts, interest rate volatility, elections, etc, while striving to adapt their treasury requirements and continue to perform. Throughout these challenges, BBVA has proven to be a reliable partner not only in navigating current circumstances but also by playing a key role in clients energy transition across various sectors and supporting their ESG goals.

BBVA remains committed to its clients and being at the forefront of the ESG agenda. A clear example of this is our support to Copenhagen Infrastructure Partners and Elgin Energy with key working capital requirements to help their expansion in the UK. 

In BBVA, our ambition is for Global Transaction Banking to occupy an import space through our trade finance, working capital and cash management solutions. BBVA will continue to develop its franchise in the UK and has set solid foundations for trade finance solution as well as receivables finance, supply chain finance and is looking to further enhance its capabilities in the structured trade solutions such as pre-payments, PXF, inventory finance as well as borrowing base solutions. Equally, our cash management proposition has benefited from a strong development in corporate accounts, short-term investment solutions, payment and collection services and foreign currency collections.

Through our enhanced Global Transaction Banking franchise in the UK, BBVA will continue to support its clients with a wide range of solutions whilst remaining committed to our ESG targets.