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HDFC among world's 7 best companies

July 8, 2008

1. BBVA

"BBVA will be one of the financial sector's winners in the next decade," stated Francisco Gonzalez, BBVA's chairman and chief executive officer recently.

"The new global financial backdrop will bring winners and losers. The best banks will be those who are able to increase profits which, in the end, and now more than ever before, is what counts."

At a time when banking giants are facing turmoil, here's a role model. In the first quarter of 2008, BBVA reported a 14.9 per cent rise in net profit to euro 1.44bn.

BBVA's history dates back to 1857 when the Spanish Board of Trade sponsored the creation of Banco de Bilbao as a currency-issuing and discount bank.

The group known as BBVA was created in 1999.

BBV and Argentaria announced their on October 19, 1999.

In 2000 it was chosen World's Best Bank (Forbes) and Best Bank in Spain (The Banker).

In 2001 it was Best Bank in Latin America (Forbes) and Best European Bank (Lafferty).

Image: Francisco Gonzalez addresses shareholders in Bilbao, Spain | Photograph: Rafa Rivas/AFP/Getty Images

Also read: From Rs 50 to a Forbes billionaire!
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