January-December 2012


  • In 2012, BBVA Compass began to migrate to a new IT platform (Alnova). At the end of the year migration was complete in the deposit module. Debit cards, consumer and mortgage loans will complete the process in the first half of 2013. In addition to increased levels of internal control and providing more productive and efficient processes, the platform allows BBVA Compass to evolve from a product-oriented organization toward a customer-centric institution. It also enables the bank to be the first in its area of influence to process product related information in real time.
  • The organic expansion of BBVA Compass continued with the introduction in new markets related to the commercial banking segment and wealth management activity. It opened new loan production offices in California, Illinois and Florida.
  • Coupled with the reduction in the level of problem assets, the Bank has also focused on reinforcing its risk management processes. The ERM program has been implemented, comprising the upgrade and enhancement of several risk management tools and processes. A new commercial lending origination platform, a new loan grading system and several enhanced processes and methodologies design to improve estimation and forecasting of the credit risk reserves and economic capital needs under various scenarios are just some examples of the key accomplishments achieved in 2012.
  • BBVA Compass continues to benefit from the high profile of its brand thanks to the sponsorship of the NBA and WNBA leagues and the Houston Dynamo soccer stadium (BBVA owns the name rights). Moreover, from 16 December to 31 March, it will be sponsoring the first ever exhibition showcasing the Prado Museum in the United States. It will be held in one of America’s most important museums, the Museum of Fine Arts, Houston (MFAH). BBVA Compass is one of the highest reputation brands among the US financial sector. According to American Banker and Reputation Institute it occupies the third place.