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BBVA

BBVA

$3.48 /

+0.23 (+7.08%)

16:43
03/25/20
03/25
16:43
03/25/20
16:43

BBVA USA rolls out additional client, employee offers amid COVID-19 pandemic

BBVA USA said it is providing additional assistance across its footprint to those who have been negatively impacted by the COVID-19 outbreak, including new offers for consumers and small businesses, and specialized benefits for employees. The bank has rolled out the additional client offers as the COVID-19 pandemic - and its corresponding impact - continues to develop in the U.S. The offers have been tailored to clients' specific areas of need during the ongoing crisis, and will be available as BBVA continues to monitor the current health situation. BBVA USA initially announced its package of offers on March 13. Today, the bank is announcing additional assistance, including: Fixed rate small business loans of up to $50,000 with first payment not due until 90 days after opening; Consumers and small businesses may request refunds of overdraft fees; Small businesses may request waivers of service charge fees on deposit accounts; and special assistance and rates for advances on existing home equity lines of credit. BBVA is currently making these offers available and will monitor the ongoing situation surrounding COVID-19 in order to enact an end date. Fees will be refunded at BBVA's discretion. All loans are subject to approval, including credit approval. In addition to the specialized client offers, the bank is also taking measures to assist with the safety and well-being of its employees, including through employee benefits. In response to the pandemic, the bank announced to its employees that the company's health insurance plans would fully cover all in-network COVID-19-related tests and treatment. Employees and their covered dependents who are on BBVA USA health plans will not be required to satisfy their deductible before the plan begins paying 100 percent of the expense, and will not be required to pay co-insurance.

  • 30

    Apr

BBVA BBVA
$3.48 /

+0.23 (+7.08%)

03/10/20 Goldman Sachs
BBVA upgraded to Buy from Neutral at Goldman Sachs
03/09/20 JPMorgan
BBVA upgraded to Overweight from Neutral at JPMorgan
02/26/20 Redburn
BBVA reinstated with a Neutral at Redburn
08/22/19 HSBC
Banco Bilbao upgraded to Buy from Hold at HSBC

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