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BBVA Starts Digital Retail Bank in Germany to Boost Growth
14 Articles
14 Articles
With three percent interest on the current account, the Spanish bank BBVA is launching its digital offer for customers in Germany – and is heating up the competition for savings with the Lockofferte.
BBVA has launched a new remunerated account with an interest of 3% TAE in the premiere of its new digital bank in Germany, a landing that the entity has considered "the next natural step for BBVA's digital expansion" in the presentation this Thursday in Frankfurt.This way, the bank starts its activity with a new offer that guarantees interest for 12 months and settles it monthly.The product, available in its German brand 'online', does not requi…
The major Spanish bank BBVA has announced the launch of its private customer business in Germany. Following its expansion into Italy in 2021, Germany is the second European market in which BBVA is exclusively focusing on a fully digital business model with some unique features. Upon market entry, the bank is offering a fee-free checking account with 3% interest... The article "BBVA launches digital full-service bank in Germany – 3% interest, cas…
Market Consensus Link Securities BBVA presented its new digital bank in Germany this Thursday in Frankfurt, which also offers a 3% remunerated account during the first 12 months and a debit card with a 3% cashback system, Bolsamania.com reported yesterday. In the middle of last year, the Spanish bank announced the intention to take out this business unit using its experience in Italy, where the digital bank was launched in 2021 with a team of […
BBVA launches digital bank in Germany
BBVA has launched its fully digital bank in Germany, marking its second such offering in Europe. The Spanish banking group had earlier operated in Germany through its Corporate & Investment Banking (CIB) arm. The introduction of its digital bank in the country follows a launch in Italy at the end of 2021. The German proposition offers a checking account with a 3% interest rate for the first year as well as a debit card with 3% cashback on purcha…
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