International Financial Institutions
In line with its cross-border and global business approach, BBVA is present in more than 30 countries but provides banking services in as many as 166 countries. This is possible thanks to the work of the correspondent banking team, also known as International Financial Institutions (IFI), which has established a global network of banks that provides clients with the ability to invest and operate internationally.
The large number of correspondent accounts in the BBVA books and its long standing participation in clearinghouses positions the bank as an ideal provider of transactional services in different currencies. BBVA strives to satisfy the payment needs of the correspondent banks at very competitive prices, while meeting the highest international quality standards.
A committed team of BBVA professionals supports financial institutions in achieving their business objectives. The range of products and services to choose from is always state-of-the-art to ensure all correspondent banking operations run smoothly. Clients appreciate BBVA’s easy-to-use platforms which enable measurable cost effectiveness and speed of service.
BBVA offers correspondent bank accounts, clearing and payments services, transactional trade finance products, such as letters of credit, bid bonds, advance and performance guarantees. All these services are adapted to the changing requirements at each given time and place.
Additionally, BBVA’s technological expertise ensures the clients with innovative solutions on a continuous basis. BBVA was one of the world’s first banks to embrace SWIFT GPI, and is constantly investing in promising fintech projects to make sure its clients a privileged access to any new developments.