At a glance
- Environmental activities took €195 billion of that, or 77%, and social initiatives €59 billion, or 23%.
- For a fixed-income allocator, the relevant slice is small: capital-markets activity was 10% of the nine-month total, about €12 billion, and project finance was 4%, about €4.8 billion.
- The nine-month figure already approaches the €134 billion BBVA channeled in all of 2025, a record for the bank and more than 40% above 2024.
BBVA channeled €120 billion into environmental and social business in the first nine months of 2026, up 27% on the same period last year, ESG Today reported on Nov. 9.
BBVA is more than a third of the way toward a €700 billion target for 2025–2029, with €254 billion channeled since the start of 2025. Environmental activities took €195 billion of that, or 77%, and social initiatives €59 billion, or 23%. The 2029 goal is more than twice BBVA's previous €300 billion target for 2018–2025, which the bank met at the end of 2024, a year ahead of schedule.
For a fixed-income allocator, the relevant slice is small: capital-markets activity was 10% of the nine-month total, about €12 billion, and project finance was 4%, about €4.8 billion. Financing and transactional banking made up the remaining 86%.
The nine-month figure already approaches the €134 billion BBVA channeled in all of 2025, a record for the bank and more than 40% above 2024. Commercial Banking grew fastest of the three named segments, channeling around €45 billion, up 40%. Wholesale remained the largest at about €60 billion, up 16%, and Retail rose 38% to around €14 billion.
As ESG Capital Daily previously reported, it was among the banks providing $350 million of green credit for Zelestra's 203 MW Indiana solar project in October.
Capital markets was a tenth of the sustainable finance total
Share of €120 billion channeled in the first nine months of 2026
| Part | Value (%) | Share |
|---|---|---|
| 86% | 86% | |
| 10% | 10% | |
| 4% | 4% |
Reported by the Transition Finance desk from ESG Today. Published . Corrections