BBVA Compass releases its 2012 Corporate Responsibility Report
- Report highlights the bank's commitment to responsible business,
- Employees donated more than $1.4 million, volunteered 68,739 hours of their
BIRMINGHAM, Ala., June 17, 2013
BIRMINGHAM, Ala., June 17, 2013 /PRNewswire/ --BBVA Compass today released
its 2012 Corporate Responsibility Annual Report, highlighting the bank's
responsible business practices and its steadfast commitment to building a
better future for people.
The year saw the launch of the bank's new core banking platform — debuting
real-time processing in the U.S. and offering a new level of transparency and
simplicity for customers — and the construction in Houston of BBVA Compass
Plaza, an environmentally friendly building made with sustainable materials.
Meantime, employees volunteered 68,739 hours of their time and educated both
children and adults on smart finance and banking.
"Corporate responsibility continues to be at the core of our business
practices, guiding every aspect of our work," said BBVA Compass President and
CEO Manolo Sanchez. "And as we continue to build our brand here in the U.S.,
we are dedicated to our promise of building a better future for people."
The bank's report complies with reporting standards set by the Global
Reporting Initiative, an internationally recognized standards organization for
sustainability reporting. Deloitte & Touche LLP reviewed the bank's report and
issued a letter of assurance in May.
"At BBVA Compass, we believe that we have a responsibility to be transparent
with our stakeholders about our responsible practices," said Reymundo Ocanas,
director of Corporate Responsibility and Reputation for BBVA Compass. "As a
U.S. financial institution, we take sustainability reporting seriously and
work hard to achieve a letter of assurance from an independent accounting
In 2012, BBVA Compass focused on corporate responsibility initiatives in the
areas of responsible business, financial education, community involvement and
oBBVA Compass requires that all applicants of its First Time Home Buyer
Mortgage Product complete Money Smart's "Own Your Own Home" course, which
helps them determine if they are ready to purchase a home and walks them
through the mortgage process.
oIn 2012, 828 homebuyers completed this online course and closed on their
first homes — totaling $160.5 million in loan production for BBVA Compass
(an increase of 49 percent over 2011).
oBBVA Compass' three key financial education programs are designed to
educate both children and adults on smart finance and banking. The bank
helped more than 11,674 individuals through financial education.
o5,487 adults learned how to effectively manage their finances through
Money Smart, the FDIC's financial education program for adults that the
o5,227 elementary school students learned how to count money, make a
deposit, save and earn interest on deposits during the bank's "Teach
Children to Save" events.
o960 high school and college students learned how to use credit wisely
during the bank's "Get Smart About Credit" events.
oThe BBVA Compass Foundation donated more than $5 million through six focus
areas, including community development; education; health and human
services; arts and culture; environment and natural resources; and
diversity and inclusion.
oEmployees donated more than $1.4 million to qualified nonprofits through
BBVA Compass Charity, the bank's charitable employee giving program.
oMore than 1,757 employees collectively volunteered 68,739 hours of their
oBBVA Compass operates under the BBVA Group's Global Eco-efficiency Plan,
with multiple goals set toward reducing the bank's impact on the
oThe bank completed its first full year under a national recycling program,
resulting in 7,282 tons of recycling.
oFour retail branches received LEED certification; five are in the process.
oThe bank began construction of BBVA Compass Plaza, a state-of-the-art
office building in Houston that received LEED Gold certification.
About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares, Inc., a wholly owned
subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global
financial services group founded in 1857. The Group has a solid position in
Spain, is the largest financial institution in Mexico, and has leading
franchises in South America and the Sunbelt region of the United States. Its
diversified business is geared toward high-growth markets and relies on
technology as a key sustainable competitive advantage. Corporate
responsibility is at the core of its business model. BBVA fosters financial
education and inclusion, and supports scientific research and culture. It
operates with the highest integrity, a long-term vision and applies best
practices. More information about the BBVA Group can be found at www.bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 688
branches, including 352 in Texas, 90 in Alabama, 78 in Arizona, 64 in
California, 45 in Florida, 38 in Colorado and 21 in New Mexico. BBVA Compass
ranks among the top 25 largest U.S. commercial banks based on deposit market
share and ranks among the largest banks in Alabama (2nd), Texas (4th) and
Arizona (5th). BBVA Compass has been recognized as one of the leading Small
Business Administration lenders and ranked third in American Banker's 2012
reputation study of the leading 30 banks in the U.S. Additional information
about BBVA Compass can be found at www.bbvacompass.com.
BBVA Compass is a trade name of Compass Bank.
SOURCE BBVA Compass
Contact: Brittany Fish, Corporate Communications, Tel. 713-831-5582,
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