BBVA voted by corporates as best bank for Latin American currenciesDecember 10, 2013
BBVA has been voted by corporates as the world's Best Bank for Emerging Latin American Currencies, according to the ranking announced by the trade-media magazine FX Week. BBVA came second in the ranking for all client segments, with only Citibank coming higher, and beating all its other local and global competitors.
This survey is renowned and respected in the industry as it is based on the votes of clients, including corporates, institutional investors and banks, and "reflects their confidence in our deep market knowledge and our dedication in order to meet their needs", according to Luis Martins, Head of FX Latam.
BBVA climbs three places from last year, when it came fifth, and brings the entity closer to "the ambition to be the leading bank in Latin American currencies" with new challenges for the future such as " the implementation of a multichannel strategy because an increasing percentage of FX business is electronic", says Martins.
For the first time, BBVA also entered the Top 20 in the general classification of Best Bank Voted by Global Corporates. Votes from these clients around the world put BBVA in nineteenth place in the industry.
This recognition follows other awards received by BBVA for the excellence of service offered to clients by its Corporate & Investment Banking unit as Best Investment Bank in Spain, Mexico and Latin America from trade-media magazines such as Euromoney, LatinFinance and Global Finance, respectively. In the FX business, BBVA has been awarded as best bank in Spain and Latin America, and regularly features as the bank offering the most outstanding forecasts for Latin American currencies and the most traded currencies in the world, the dollar and the yen.