January - June 2012
Highlights
- One of the most important innovations in BBVA Bancomer over the quarter has been the Efectivo móvil product, which allows customers to withdraw money from ATMs and make payments without having to use a card. Cell phones are therefore the main channel for operating with this product, which works with any operator.
- BBVA Bancomer Asset Management has signed a strategic alliance with BlackRock to launch the B+RVUSA fund, the first and only fund in its category in Mexico for which BlackRock acts as advisor. The fund extends the range of funds for private banking customers and it invests in equity instruments, mainly international equities.
- The financial magazine World Finance has recognized BBVA Bancomer’s Asset Management unit as the Best Asset Management Institution in Mexico due to its positive earnings figures and effective management of mutual funds.
- Finally, it is also worth noting the high level of activity in investment banking. BBVA Bancomer has participated in primary and follow-on placements of companies with infrastructure projects, as well as debt issues of major public and private institutions. As a result, in the second quarter of the year BBVA Bancomer has become leader in categories such as syndicated loans and project finance.
