Banco Bilbao Vizcaya Argentaria SA (ADR)(NYSE:BBVA) Group, the Madrid-based parent firm of BBVA Compass publishes newscast from its footprint on bbva.com. It has been releasing articles on bbva.com since 2016, chronicling the happenings at the bank and exploring topics of interest to its prospects and clients. It has published articles on the bank’s latest awards or products, for instance, and highlighted the details of consumer lending and the expenses comes to a service provider when their customers pay tips via credit card.
Christina Anderson of BBVA Compass expressed that they are the fourth-largest bank measured by deposit market stake in Houston, so they knew a lot of their customers were facing uncertainty and required information accurately and quickly. They put their resources to answer respective questions and putting them on a course where the they felt better empowered and informed. The publications fall into two camps – articles about what the bank is doing after Harvey and informational news for the general reader.
BBVA Research economists stated that Harvey impact could go up to $111 billion. The bank’s economists project that Harvey is expected to become the second most devastating natural disaster in recent history of country after Hurricane Katrina. The company also offered many ways which the readers can use to help offer hurricane relief. There is a roadmap on the numerous ways to provide help, including opening home to first responders and commencing a fundraising campaign.
BBVA also details about how Harvey could wave through the economy. The Research USA economists’ highlights some of the ways, both unexpected and expected, that Harvey could affect the economy. Scott Clark of BBVA Compass talked on what mortgage-holders can anticipate when and if the flood maps are redrawn. In segment of oil and gas, it discusses on what’s next for the energy after Harvey? The bank’s economists and its professionals weigh in on what’s imminent for the industry that’s so key to Houston’s identity.