BBVA has once more ranked number 2 in the "Spain & Portugal Leading Brokerage House" category of the Extel Equity Ranking, a position it has maintained for the fifth year in a row. BBVA is also closing the gap with the top position, since it's up 10% compared with the 3% decline of the top position.

270 institutional clients voted for BBVA in this category, which accounts for 13.5% of the total votes received. As for the breakdown of votes by country, BBVA is number 1 in Continental Europe, number 1 in Spain, number 2 in Great Britain and number 3 in the U.S.

In the breakdown by subcategory, BBVA holds on to second place in the four that make up the "Spain & Portugal Leading Brokerage House" category: Research, Sales, Company meetings and Trading Execution.

According to Javier Valverde, BBVA's Head of Cash Equity Sales, "the concerted effort of the equity teams (sales, analysis and trading) has enabled us to obtain the recognition of our global clients in this survey year after year and position ourselves as one of the best equity brokerage houses in Spain and Portugal. We have to continue to improve in the U.S. to make BBVA the number 1".

Ana Munera, BBVA's Head of Equity at BBVA Global Markets Research, said: "The Extel results reflect the recognition by global institutional clients of our in-depth expertise in the Iberian market and our commitment to providing an excellent service".

In addition, BBVA remains in the top 5 in "Equity Derivatives: Sales" category of the same ranking, with a 2.4% increase in the number of votes compared to 2015, competing with the world's largest investment banks.

Especially recognized by customers has been the innovative systemic risk hedging proposal and the strategies for seeking yield, as well as the team's excellence as solutions provider.

Emilio Sáinz de Baranda, Global Director for Equity Derivatives, is pleased that institutional clients continue to appreciate BBVA's work and dedication in such difficult market conditions. Sáinz de Baranda points out that "the institutional derivatives market is changing very quickly and we have to do the same, seeking value points for such demanding clients. This is why we have been working since 2015 to digitize our business: platforms, swiftness and excellent price just one click away. I'm convinced that the results next year will reflect this transformation".