BBVA will provide 200 homes for Ukrainian refugees in Spain

BBVA stands alongside Ukraine

Since February 25, just one day after the outbreak of the invasion of Ukraine, BBVA has been in contact with the main social organizations present in the conflict zone. To date, the bank has implemented a series of measures to help a tragedy that particularly affects the most vulnerable population (women and children leaving Ukraine):

  • BBVA has already donated 1 million euros, shared equally between UNICEF and UNHCR, to respond to the humanitarian emergency in Ukraine.
  • BBVA has also launched a donation campaign with its customers and employees in Spain, which has already raised 1.8 million euros to date. Donations will be used to support initiatives launched by UNICEF, UNHCR, the Red Cross and Médecins du Monde.
  • The financial institution has also set up free transfers from individuals to Ukraine.
  • BBVA also facilitates the financial inclusion of refugees with the Basic payment account. To open it, the only requirement will be the request for temporary protection for displaced persons. Without any additional proof, they will be able to open an account and obtain a free card which will allow them to access basic banking services.

Meanwhile, BBVA backed a statement signed by 49 companies around the world to support refugees. The initiative is part of the Tent Partnership for Refugees, a global non-profit organization to which BBVA belongs.

Apart from this, BBVA is studying other measures to help Ukrainian refugees meet their needs, both immediate and those that may arise in the medium or long term.

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