BBVA donates 5 million euros for humanitarian aid in Venezuela

The BBVA Group has announced a significant donation of 5 million euros to help mitigate the humanitarian emergency in Venezuela, which has been severely impacted by recent earthquakes. This financial contribution is earmarked for the immediate procurement of essential medicines, vital supplies, and to fund urgent reconstruction work.

Carlos Torres Vila, the president of BBVA, conveyed the financial institution's solidarity in the face of the tragedy. "The news coming from Venezuela deeply moves us. From BBVA, we want to extend our most sincere condolences to the families and loved ones of the victims," he stated. Vila added that the entity is actively working to implement measures that will help the population and its local collaborators return to normalcy as quickly as possible.

The funds will be distributed via established international organizations, including the Red Cross, UNICEF, and the United Nations High Commissioner for Refugees (UNHCR). Additionally, BBVA Provincial, the group's subsidiary in Venezuela, will provide direct support to coordinate and channel resources to various local associations operating in the affected disaster zones.

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The news coming from Venezuela deeply moves us. From BBVA, we want to extend our most sincere condolences to the families and loved ones of the victims.

Priority areas for assistance include search and rescue operations for survivors, timely medical care, and ensuring access to safe drinking water, sanitation, temporary shelter, and the distribution of food supplies. As part of its international logistical deployment, BBVA has also provided 28 tons of humanitarian aid to Venezuela, managed in collaboration with Mexico's Secretariat of Foreign Affairs. A team of technical specialists from the Mexican subsidiary, experienced in seismic damage assessment, has traveled to Venezuela to assist in the structural review and repair of buildings.

Internally, BBVA Provincial has launched a comprehensive contingency plan that includes psychosocial support and temporary accommodation for its affected employees. For the general public, the bank has temporarily waived commissions on bank transfers between its own accounts and has designated its main headquarters in Caracas as a collection center for essential supplies.

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From BBVA, we want to extend our most sincere condolences to the families and loved ones of the victims.