BBVA, the Spanish banking giant, has announced a quarterly record in sustainable finance, directing over €30 billion into environmental and social projects for the second quarter of 2025. For the first half of 2025, the bank’s sustainable finance volumes reached €63 billion, reflecting a 48% increase compared to the same period last year.
Earlier this year, BBVA set a new ambitious target to channel €700 billion in sustainable finance from 2025 to 2029, surpassing its previous goal of €300 billion from 2018 to 2025, which was achieved a year ahead of schedule. The bank’s sustainable finance strategy focuses on climate change, natural capital—including water, agriculture, and the circular economy—and social initiatives. These initiatives aim to support infrastructure in education and health, assist entrepreneurs and startups, and promote financial inclusion for disadvantaged communities.
In its half-year update for 2025, BBVA reported that 76% of the sustainable finance volume was allocated to climate change and natural capital projects, while the remaining 24% supported social initiatives. The bank observed strong growth across all customer segments, particularly in its retail business, which surged by 119% to €7.5 billion. Key areas included digital solutions for estimating energy savings and financing for hybrid and electric vehicles. BBVA’s Commercial Banking division saw a 53% increase to €23.6 billion, with Corporate and Investment Banking contributing €31.9 billion, a 34% rise from the previous year.
BBVA stated, “BBVA aims to promote sustainability as a driver of growth and, through it, to foster new business. Climate, natural capital, and social opportunities are the three pillars on which its sustainability strategy is based.”
