HOUSTON, Dec. 1, 2016 /PRNewswire/ -- BBVA Compass scored a breakout role in CFO magazine's annual Commercial Banking Survey, becoming the only bank to land in the top three across all criteria on which senior financial executives judged their banks.
For CFO's survey of 325 senior financial executives across corporate America, conducted in September, participants were asked to score their current commercial banks in five areas: their strategic partnership; customer relationship; lending and availability of capital; transaction and payments processing; and internal reporting and connectivity. BBVA Compass earned well above average on each count, and got especially high marks in strategic partnership and internal reporting, which reflects the bank's investment in both its human capital and its technology.
"This is gratifying on so many levels," said BBVA Compass Chief Operating Officer Rafael Bustillo, who oversees the bank's commercial group. "CFO surveyed people who're held accountable for operating lean and efficient and smart enterprises, so they've got a lot on the line. To hear them say we're delivering across the board is one of the highest compliments."
The CFO survey lands weeks after BBVA Compass, the nation's 22nd-largest bank by deposit market share, notched another win in its drive to become the lender of choice for businesses. For the fiscal year that ended Sept. 30, 2016, BBVA Compass approved 1,801 loans under the Small Business Administration's flagship 7(a) loan program, punching way above its weight to become the program's fifth most-active lender by total number of loans and 10th by dollar volume.
CFO has been conducting its survey for the past three years, and this is the first time BBVA Compass has been among the aggregate high-scorers, landing at second overall. The news is a prominent testament to the commercial team's relentless focus over the past few years on client service, its top strategic priority.
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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 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 674 branches, including 345 in Texas, 89 in Alabama, 75 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 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 (4th). 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.
BBVA Compass is a trade name of Compass Bank.
SOURCE BBVA Compass