BBVA S/$2,000 million investment projects in Peru

BBVA President Carlos Torres Villa recently visited the Peruvian capital, where he announced a new investment plan for the group. In an interview with the financial newspaper Gestión, he stated, “We expect a 75% growth in our investments based on a plan of 2,000 million Sudanese pounds (about 500 million euros) for the next four years.”

The visit of the BBVA President to Peru and the announcement of a solid plan for the future clearly reinforces the BBVA Group’s commitment to the Andean nation in a complex domestic and international environment. The investment will focus on sustaining the entity’s growth in the retail sector and increasing its digital and sustainable solutions capabilities.

particularly, Villa Carlos Torres stressed that Digitization It has brought great advantages in all markets, including Peru. Digitization, availability of self-service solutions and continuous improvement of customer experience They make a significant contribution to simplifying money management, anticipating our clients’ problems and helping them achieve their life or business goals.BBVA President noted.

In this sense, the Peruvian franchise will seek to extend its advantage over its competitors and establish itself as the most digital bank in the Peruvian financial sector. Recent additions from openpay And powerbay They are an example of the path that BBVA seeks to follow in Peru.

“Digitalization comes first and we still have a long way to go. In Peru, of the 1.2 million new customers we added in 2022, 69% entered through the digital channel. That will continue to grow. The goal is to continue to digitize products and services.”

In addition, at a meeting with BBVA employees in Peru, Carlos Torres Villa mentioned this Banks are the engines of economic activity Through its main activity: granting credit to the real economy. “We support families and companies in the implementation of their vital and commercial projects, and this flow of resources determines in a very important way Economic development and social welfare“.

confidence in the country

Facing domestic and international challenges, Carlos Torres Villa looks to the future with optimism and stressed that Peru will continue to be the country with the highest economic growth in Latin America in 2023 and 2024, demonstrating its resilience and macroeconomic strength. Similarly, the BBVA President identified areas for improvement in the Peruvian market.

“It would be desirable to reduce informality and the use of cash, as well as to further promote digitization, infrastructure, entrepreneurship and financial inclusion in the country. For our part, we aspire to continue to grow decisively in Peru,” he said.

Finally, Carlos Torres Vila shared the extraordinary results obtained by BBVA on a global level over the past year, with a profit of 6,400 million euros and almost 12 million new customers. All this depends on a successful strategy of digitization, innovation and sustainability. In the same way, he indicated the excellent result for the first quarter of 2023, with good performance of recurring income (interest margin and net commissions) and activity growth.

The results for the first quarter of this year amounted to 1,846 million euros, an increase of almost 40% compared to the first quarter of last year. In short, we still have three quarters of the year to go and we have a very positive ‘momentum’ with the first quarter again being a record, which makes us believe that this year we will continue on the same growth trajectory,” he concluded.