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South America

Management priorities for 2010

  • The plan is to maintain growth in the region, without neglecting cost management and asset quality, through:

Focus on the customers

  • Increase in the customer base.
  • Increased loyalty of customers with greater credit quality.
  • Improvement in service quality favoring a more solid and satisfactory relationship with customers.
  • Development of business intelligence.

Growth in activity,

maintaining risk quality:

  • Increased loan book volume.
  • Promotion of cross-selling.
  • Growth in the Pensions and Insurance market share.
  • Agile risk admission and reinforced structures for monitoring and collection.

Redefinition of the distribution model

  • Multi-channel model, with greater weight given to alternative sales channels (Internet banking).

Make new progress in efficiency

  • Increase operational industrialization.
  • Servicing plans.
  • Simplification, restructuring and standardization of structures and workforce.
  • Renewal of infrastructures.

Brand: awareness and image of BBVA in the region

  • Brand identity.
  • Reinforcement of the idea “regional franchise”.
  • Drive towards standardization across countries.
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