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BBVA postpones Investor Day; transfers 100 employees to Coronavirus contingency room

Source: BBVA

BBVA has not detected any positive cases of Coronavirus (Covid-19) in employees at any of its places of work to date.

The bank has created an information portal for all employees in Spain where they can find information on preventive measures and hygiene. Furthermore, commercial branches and central services are being equipped with hand sanitizer to encourage hand hygiene. At facilities with fingerprint access, the bank recommends using access cards or smartphones instead.

In terms of travel, following the recommendations of public health authorities, BBVA has canceled trips to or from places considered high-risk: continental China, Singapore, Hong Kong, South Korea, Iran and Italy (the regions of Lombardia, Veneto, Emilia Romagna and Piamonte). In addition, employees who have traveled to places of risk (either for personal or professional reasons) must work remotely from home for 14 days.

In this context, BBVA has decided to postpone its Investors Day, which was planned for March 24th. Additionally, training courses and internal events that require travel are also subject to travel restrictions.

In order to guarantee maximum protection of people’s health, BBVA has a series of medical protocols for action and contingency plans for different scenarios and places of work. These protocols include the use of alternative locations, which is why the bank has decided to transfer approximately 100 employees from the wholesale banking team to a contingency room in Las Rozas (Madrid). It is a preventative measure to ensure that business will not be interrupted in BBVA City’s trading room by any possible cases.

The bank continues to follow the situation closely in order to implement necessary measures in coordination with public health officials.

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