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BBVA BBVA Bilbao Vizcaya Argentaria SA

11.58
0.33 (2.93%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BBVA Bilbao Vizcaya Argentaria SA NYSE:BBVA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.33 2.93% 11.58 11.81 11.54 11.54 5,679,649 00:56:05

BBVA's CEO and Chairman Renounce to 2020 Variable Remuneration

12/02/2021 9:31am

Dow Jones News


BBVA Bilbao Vizcaya Arge... (NYSE:BBVA)
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By Olivia Bugault

 

Banco Bilbao Vizcaya Argentaria SA said Friday that its chairman, its chief executive officer and other executives have waived their 2020 variable remuneration.

The Spanish bank said 330 employees, including Chairman Carlos Torres Vila and CEO Onur Genc, have voluntarily decided to partly or totally renounce to their variable remuneration "as a gesture of responsibility in a year marked by the Covid-19 pandemic."

Both BBVA's chairman and CEO earned the same salary as they did in 2019, of 2.45 million euros ($3 million) and EUR2.18 million, respectively, the company said. "The decision represents a 44% reduction in the chairman's total remuneration for the year, and a 45% reduction for the CEO," BBVA said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

February 12, 2021 04:16 ET (09:16 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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