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New BBVA Compass CEO Onur Genç offers first impressions of bank's opportunities in U.S.

HOUSTON, Feb. 22, 2017 /PRNewswire/ -- New BBVA Compass CEO Onur Genç offered his first extended public comments Wednesday since his appointment to the bank's top office, appearing via video on bbva.com with BBVA Group CEO Carlos Torres to talk about their impressions of the U.S. banking landscape and the opportunities for BBVA Compass.

BBVA Compass is a critical part of the Spain-based BBVA Group's properties. Its contribution to the BBVA Group's net attributable profit across all lines of business in 2016 was 11 percent, Torres said in comments posted on bbva.com.

"The U.S. continues to be a key market for the group, both because of its attractiveness and very healthy margins," Torres said. "It is also very digital. It's one of the societies where consumers have embraced digital the most and that is a huge opportunity for a bank like us, which has put digital in the forefront of our strategy."

Genç talked about BBVA Compass' immediate priorities, including leveraging the bank's digital capabilities to boost consumer lending across the board. He also noted the other tools and products that will figure prominently on the bank's road ahead, including the award-winning BBVA Compass Mobile Banking app and the Signature Express consumer loan, which helps clients stay in control of their financial journeys by providing quick access to funds with no application fee, no collateral requirements and competitive low rates.

Ultimately, Genç said his vision for BBVA Compass is across-the-board exceptionalness.

"We are people serving people, either as a final end customer, as a consumer, or as a decision-maker," he said. "Let's be the bank that offers the best service in person and in digital channels. We are in a growing and attractive market in the U.S., and we have a strong franchise to build upon to tap into this attractive market."

To watch the video or read the transcript, go to bbva.com.

Genç was named CEO in December 2016. He previously served as deputy CEO of Garanti Bank, Turkey's largest bank by market capitalization ($9 billion). Genç led Garanti's retail banking, private banking, payment systems, asset management efforts, financial institutions and correspondent banking, among other responsibilities. BBVA is Garanti's largest shareholder with a 49.85 percent stake.

Prior to Garanti, Genç was a senior partner and Turkey office manager at McKinsey & Company. He became partner in 2004, rising to senior partner and Turkey Office Manager in 2009 at age 34. Genç started out his career in 1997 as a financial controller for American Airlines in Dallas, Texas.

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About BBVA Group
BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (BBVA) (BBVA). BBVA is a customer-centric global financial services group founded in 1857. The BBVA Group is the largest financial institution in Spain and Mexico, has leading franchises in South America and the Sunbelt region of the United States and is also the leading shareholder in Garanti, Turkey's largest bank based on market capitalization. Its diversified business is focused on high-growth markets and it 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. The Group is present in the main sustainability indexes. More information about the BBVA Group can be found at bbva.com.

About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 672 branches, including 344 in Texas, 89 in Alabama, 75 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 19 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 was recently named Best Digital Bank in North America by global finance magazine Euromoney and the best regional bank in the South & West and best mobile app in Money magazine's 2015-2016 list of the Best Banks in America. Additional information about BBVA Compass can be found at bbvacompass.com, by following @BBVACompassNews on Twitter or visiting newsroom.bbvacompass.com

Editor's Note:
BBVA Compass is a trade name of Compass Bank.

 

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