Gold Sponsor: BBVA
Supply Chain Finance: A strategic business for BBVA
Supply Chain Finance (SCF) is a strategic business for BBVA, as it not only creates value for our clients (buyers), but also for their suppliers. The latter are provided with a cheaper source of funding, benefiting from the buyer’s rating, while the former are able to improve their working capital.
BBVA has more than 20 years of experience in SCF, having been a market leader in Spain, where the product is very much developed, during the past decade. Nowadays, thanks to our commitment to this business, BBVA is able to offer one of the most complete services in the market. We have local solutions in every country where we are present (Spain & Portugal, Latin America and Turkey), together with a Global Solution offered through BBVA Spain’s platform.
BBVA Group currently has more than 3,500 active SCF programmes in 21 currencies, supporting buyers in 34 countries, and suppliers located in more than 60 geographies. These programmes generate an annual transaction flow of €24bn in discounted payments.
This combined approach enables us to leverage on both our Global and Local competitive advantages, for our service offer to our:
and their suppliers:
As a result, BBVA was chosen as Best SCF Provider in Western Europe by Global Finance in its Trade Finance & Supply Chain Finance Awards, 2017.
Also, Euromoney awarded BBVA Best Bank for Transaction Services in Latin America 2017, recognising our cutting-edge solutions in Cash Management, Trade and Supply Chain Finance in the region.