Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, S.A. (Spanish pronunciation: [ˈbaŋko βilˈβao βiθˈkaʝa aɾxenˈtaɾja]), better known by its initialism BBVA, is a multinational Spanish banking group. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the second largest bank in Spain.[5] The company is a constituent of the IBEX 35 and Euro Stoxx 50 stock market index.[6][7] In 2007, the firm started an initiative to digitally transform the bank. Following implementation, it saw a 19% year-on-year increase in new customers. As of 2015, the total number of these clients stood at 14.8 million.[8]

Banco Bilbao Vizcaya Argentaria, S.A.
Sociedad Anónima
IndustryFinancial services
  • Banco Bilbao Vizcaya, S.A.
  • Argentaria, S.A.
FoundedBilbao, Spain
Key people
Carlos Torres Vila
(Group Executive Chairman)
Onur Genç
ServicesBanking, insurance, asset management
RevenueIncrease23.680 billion (2015)[1]
Increase€6.81 billion (2015)[2]
Increase€2.642 billion (2015)[1]
Total assetsIncrease€750.07 billion (2015)[3]
Total equityIncrease€55.43 billion (2015)[3]
Number of employees
137,968 (2015)[4]


BBVA was formed in 1988 with the merger of Banco de Bilbao (founded 1857) and Banco de Vizcaya (formed 1901) to form Banco Bilbao Vizcaya (BBV). In 1999, it merged with Banco Argentaria, itself the product of a group of credit institutions dating to 1901, to form BBVA.

Credit ratings

As of October 2018, BBVA had the following debt ratings with the four major rating agencies:

Rating Agency Long Term Rating Short Term Rating
S&P[9] A- (Outlook: Negative) A-2
Moody's[10] A3 (Outlook: Stable) P-2
Fitch[11] A- (Outlook: Stable) F-2
DBRS[12] A (high) (Outlook: Stable) R-1 (middle)

Mergers and acquisitions


In February 2014, BBVA acquired Simple, a then four-year-old direct bank for $117 million. In its push towards a digital future BBVA has also acquired such companies as Madiva, a big-data company, Spring Studio, a digital-design specialist, digital banks in America and Finland, and 29.5% of Atom, a British online bank.[13]

BBVA executive chairman, Francisco González, explained why banks must get with the technology program: "Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death."[14] The banking industry recognizes BBVA to be more pro-technology than many of its competitors.[14]


In 2016, BBVA acquired Finnish online banking startup Holvi, based in Helsinki, Finland.[15] Holvi was founded by Kristoffer Lawson and Tuomas Toivonen in 2011, and provides entrepreneurs, small and medium-sized businesses with a range of business services as well as traditional banking through its online platform.[16] According to Maaseudun Tulevaisuus, Holvi offers SMEs an alternative to traditional banks, with a business account, a payment card, a bookkeeping tool, a billing application and an online store.[17] Card access can be managed via a smartphone app, which also includes notifications of any charge on the card.[18]

The startup launched IBANs for its customers in 2014, allowing businesses in 19 countries across Europe to operate pan-European accounts not tied to a single country.[19][20]

In December 2014 Forbes magazine put it on a list of "5 Finnish Startups To Watch".[21]

Holvi partnered with the Government of Estonia to provide business banking services to people using the country's e-residency programme.[22][23][24]

Holvi uses a system from GBG for online identity verification.[25] Holvi is authorised by the Financial Supervisory Authority of Finland for operations across the European Union.[25]

In 2014 Talouselämä magazine reported that Holvi employed 9 people.[26]

Bilbao - BBVA (ex Banco de Comercio) 2

BBVA head-office building in Bilbao.

AZCA (Madrid) 01

BBVA building in Madrid.

Presence on stock market indexes

BBVA head offices (Madrid) 08
BBVA City, main and operations headquarters of the bank in Madrid, Spain.


The BBVA is included in the IBEX 35, the official index of the Spanish Continuous Market composed of the 35 most liquid stocks traded on continuous market. The BBVA has a market capitalization of about 51,882 million euros with a share value between 5 and 8 euros.

Eurostoxx 50

BBVA bank lists in Eurostoxx 50 along with other banks like Santander Bank and Deutsche Bank.

U.S. sports market presence

On 13 September 2010 BBVA became an official sponsor of the NBA.[27] From 2011 to 2014, BBVA sponsored the Birmingham Bowl, a postseason college football game played in Birmingham, Alabama, during which time the game was known as the BBVA Compass Bowl. For the first three editions under the sponsorship contract, the game featured teams from the Big East Conference and Southeastern Conference. Following the 2013 split of the Big East along football lines, the former Big East berth was inherited by that conference's football-sponsoring offshoot, the American Athletic Conference. On 12 May 2012, BBVA Compass Stadium opened in downtown Houston, Texas. It was built as the home for the Houston Dynamo soccer team, and from its opening has also hosted the Texas Southern University football team. Since 2014, the stadium has also hosted home games of the Houston Dash, a team in the National Women's Soccer League that is owned and operated by the Dynamo.

Emerging and growth-leading economies (EAGLEs)

Emerging and growth-leading economies (EAGLEs) are a grouping of key emerging markets developed by BBVA Research. The EAGLE economies are expected to lead global growth in the next 10 years, and to provide important opportunities for investors.


EAGLEs&Nest Methodology
EAGLEs and Nest methodology

EAGLEs is a grouping acronym created in late 2010 by BBVA Research to identify all emerging economies, whose contribution to world economic growth in the next ten years is expected to be larger than the average of the G6 economies (G7 excluding the U.S.). This is a dynamic concept where country members can change over time according to their forecasted performance relative to developed economies. The membership of the EAGLEs is subjected to a yearly revision and can change according to their forecasted economic performances relative to developed economies.

Current EAGLEs membership
EAGLEs members 2011[28] 2012[29] 2013[30] 2014[31] 2015[32] 2016[33]
 Bangladesh . .
 Brazil . . . . . .
 China . . . . . .
 Egypt . .
 India . . . . . .
 Indonesia . . . . . .
 Iran .
 Malaysia .
 Mexico . . . . . .
 Nigeria . .
 Pakistan . .
 Philippines . .
 Russia . . . . . .
 Turkey . . . . . .
 Vietnam .
Former EAGLEs membership
EAGLEs members 2011[28] 2012[29] 2013[30] 2014[31] 2015[32] 2016[33]
 Iraq .
 South Korea . . . .
 Saudi Arabia .
 Taiwan . . . .
 Thailand .


As part of the EAGLEs proposal, the EAGLEs’ Nest is a second set of countries with expected Incremental GDP in the next decade to be lower than the average of the G6 economies (G7 excluding the U.S.) but higher than Italy’s (G6 Minimum), the country which is anticipated to contribute least to global growth within the G7. The membership of the EAGLEs’ Nest is subject to a yearly revision and can change according to forecasted economic performances.


On September 9, 2011, Dow Jones and BBVA launched two equity indexes that allow investing in leading companies traded in Emerging and Growth-Leading Economies (EAGLEs). There are two indexes, “Dow Jones BBVA EAGLEs[34]” and “Dow Jones BBVA EAGLEs Optimized[35]”, both composed of a set of 50 companies.

The allocation by country is macro driven according to the contribution each EAGLE is going to make to incremental GDP within the group, in the next ten years. It is a dynamic index which changes its composition along with macro forecasts; hence it is an adaptive index when compared with other static peers. Revisions are made annually in March to update the indices compositions according to the latest macroeconomic forecasts. It is also a liquid index which provides a diversified exposure to Emerging Markets. In order to facilitate index replication by foreign investment firms, the sample of 50 companies is chosen from the Dow Jones Global Total Stock Market Index, plus HK and US listed Chinese companies.

See also


  1. ^ a b 4-traders. "Banco Bilbao Vizcaya Argentaria S.A. : Financials, earnings estimates and forecasts for Banco Bilbao Vizcaya Argentaria S.A. - BBVA - 4-Traders". Archived from the original on 29 June 2016. Retrieved 20 June 2016.
  2. ^ "Banco Bilbao Vizcaya Argentaria S.A. ADR". Archived from the original on 10 June 2016. Retrieved 20 June 2016.
  3. ^ a b "Financial Data - BBVA". Archived from the original on 24 June 2016. Retrieved 20 June 2016.
  4. ^ "Annual Results 2015". BBVA. Archived from the original on 16 August 2016. Retrieved 20 July 2016.
  5. ^ "Los cuatro grandes, más fuertes que nunca (The big four, stronger than ever) (spanish)". Archived from the original on 2014-10-26.
  6. ^ "IBEX 35 COMPOSITE INDEX, IBEX:MCE Constituents -". Archived from the original on 2017-08-02.
  7. ^ "Börse Frankfurt (Frankfurt Stock Exchange): Stock market quotes, charts and news". Archived from the original on 2015-11-19.
  8. ^ "Mentor Europe 5 Excellent Examples of Successful Transformation Programs". Archived from the original on 2017-08-02.
  9. ^ "S&P Research Update: BBVA 'BBB+/A-3' Ratings Affirmed Despite Rising Economic Risk In Spain; Outlook Stable" Archived 2013-10-21 at the Wayback Machine, December 2, 2013
  10. ^ "Moody’s Rating Report" Archived 2013-10-21 at the Wayback Machine, March 4, 2014
  11. ^ "Fitch Downgrades Santander & BBVA to 'BBB+'/Negative Outlook on Sovereign Action" Archived 2013-10-21 at the Wayback Machine, November 8, 2013
  12. ^ "DBRS Lowers BBVA to 'A' After Downgrade of Spain to A (low), Trend Now Negative" Archived 2013-10-21 at the Wayback Machine, August 10, 2012
  13. ^ "BBVA, a Spanish bank, reinvents itself as a digital business". The Economist. 14 October 2017. Archived from the original on 13 October 2017.
  14. ^ a b David Wolman (February 26, 2014). "The Bank and the Anti-Bank". The New Yorker. Archived from the original on 2015-01-29. Retrieved 26 January 2015.
  15. ^ Paul Sawers (2016-03-07). "Spain's BBVA buys Finnish banking startup Holvi to keep its finger on the fintech pulse". VentureBeat. Archived from the original on 2018-03-27. Retrieved 2018-03-27.
  16. ^ "Startup of the Week: Holvi". Wired. 2017-04-11. Archived from the original on 2018-03-27. Retrieved 2018-03-27.
  17. ^ Henrik Schäfer (2016-10-12). "Tämä sovellus voi puolittaa pienyrittäjän pankkikulut". Maaseudun Tulevaisuus (in Finnish). Archived from the original on 2018-04-04. Retrieved 2018-04-03.
  18. ^ Teemu Laitila (2015-05-27). ""Tekijöiden pankki" aukeni ilman kutsua". Tivi (in Finnish). Archived from the original on 2018-04-04. Retrieved 2018-04-03.
  19. ^ Colm Gorey (2014-10-17). "Holvi launches IBANs to allow European banking". Silicon Republic. Archived from the original on 2018-03-27. Retrieved 2018-03-27.
  20. ^ Nick Summers (2014-08-11). "Holvi launches IBANs to allow European banking". The Next Web. Archived from the original on 2018-03-29. Retrieved 2018-03-28.
  21. ^ McGregor, Jay. "After Nokia: 5 Finnish Startups To Watch". Archived from the original on 2018-03-28.
  22. ^ "E-residency program announces e-banking partnership with Finland's Holvi". ERR (Estonian Public Broadcasting). 2017-05-25. Archived from the original on 2018-03-27. Retrieved 2018-03-27.
  23. ^ Eeva Haaramo (2017-05-31). "Borderless banking: Estonia's e-residents can open accounts without going there". ZDNet. Archived from the original on 2017-11-08. Retrieved 2018-03-27.
  24. ^ John Stanley Hunter (2017-10-06). "Ein finnisches Startup will die größte Schwäche der deutschen Wirtschaft ausnutzen" Archived 2018-04-02 at the Wayback Machine, John Stanley Hunter. Business Insider Germany. Retrieved 2018-04-01.
  25. ^ a b Eeva Haaramo (2015-05-06). "Finnish banking startup Holvi speeds up online identity verification". Computer Weekly. Archived from the original on 2018-03-29. Retrieved 2018-03-26.
  26. ^ "Eurooppalainen jättipankki osti suomalaisen kasvufirman". Talouselämä (in Finnish). 2016-03-07. Archived from the original on 2018-04-04. Retrieved 2018-04-03.
  27. ^ Reuters Editorial (13 September 2010). "BBVA becomes NBA sponsor". Reuters India. Archived from the original on 12 May 2015.
  28. ^ a b [1] Who are the EAGLEs? Driving Global Growth for the Next Ten Years (14 February 2011)
  29. ^ a b [2] EAGLEs_Outlook_Annual_Report_2012 (20 February 2012)
  30. ^ a b [3] EAGLES Economic Outlook. Annual Report 2013 (11 March 2013)
  31. ^ a b [4] EAGLES Economic Outlook. Annual Report 2014 (29 March 2014)
  32. ^ a b [5] EAGLES Economic Outlook. Annual Report 2015 (13 April 2015)
  33. ^ a b [6] EAGLES Economic Outlook. Annual Report 2016 (May 2016)
  34. ^ [7] Dow Jones BBVA EAGLEs Index Methodology
  35. ^ [8] Dow Jones BBVA EAGLEs Optimized Index

External links

2011 BBVA Compass Bowl

The 2011 BBVA Compass Bowl (formerly known as the Bowl and the Birmingham Bowl) was a postseason college football bowl game between a team from the Big East Conference and a team from the SEC played at Legion Field in Birmingham, Alabama on January 8, 2011 (12 p.m. ET). ESPN provided television coverage.

The game was initially renamed "The Birmingham Bowl" after previous title sponsor decided not to renew their sponsorship of the game. However, on November 4, 2010, the Bowl officially changed its name to the BBVA Compass Bowl after an agreement with Spanish bank Banco Bilbao Vizcaya Argentaria was signed.Scoring 13 points in the second quarter, Pittsburgh defeated Kentucky 27–10.

BBVA Bancomer

BBVA Bancomer is a Mexican financial institution, and the largest in the country, dominating about 20% of the market. Founded in 1932 as Banco de Comercio (Bancomer), since 2000 its main stockholder is the Spanish bank BBVA. Its headquarters is located at the Torre BBVA Bancomer on Paseo de la Reforma in Mexico City.

BBVA Compass

BBVA Compass Bancshares, Inc. (formerly Compass Bancshares) is a bank holding company headquartered in Birmingham, Alabama. It has been a subsidiary of the Spanish multinational Banco Bilbao Vizcaya Argentaria since 2007 and operates chiefly in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.

The company is the 30th largest bank in the United States.BBVA Compass is an official sponsor of the NBA and holds naming rights to BBVA Compass Stadium, a soccer venue in Houston. From 2011 to 2014, BBVA Compass was the title sponsor of the Birmingham Bowl (then called the BBVA Compass Bowl), a college football bowl game played annually in Birmingham.

BBVA Continental

BBVA Continental (formerly BBVA Banco Continental) is a Peruvian bank and subsidiary of Holding Continental (an affiliate of BBVA) which holds 92.08% of its equity.

The bank was established in 1951 and its operations are authorized by the Superintendencia de Banca, Seguros y AFP (SBS). Its principal offices are located in Av. República de Panamá No. 3055, San Isidro District, Peru.BBVA Continental is the result of the merger of Banco Continental with Banco Bilbao Vizcaya and Grupo Breca in 1995.The bank conducts its business through 311 branches located in different regions of Peru. As of February 2014, it had 5,429 employees.In 2014, Global Finance ranked BBVA Continental the "Best Bank in Peru."

BBVA Francés

BBVA Francés, formerly BBVA Banco Francés, is a financial institution in Argentina.

BBVA Provincial

BBVA Provincial (BVC: BPV) (formerly BBVA Banco Provincial) is a financial institution in Venezuela.

Banco Bilbao Vizcaya (building)

The Banco Bilbao Vizcaya (Spanish: Banco Bilbao Vizcaya, formerly Banco de Bilbao) is a building located at Calle de Alcalá, 16, in Madrid, Spain. Projected in 1919 by architect Ricardo Bastida (1879–1953) and built from 1920 to 1923 for Banco de Bilbao, a constituent financial institution of BBVA.

It was declared Bien de Interés Cultural in 1999. The rotunda features murals painted by Aurelio Arteta in 1922 and restored in 2003.

Carlos Torres Vila (banker)

Carlos Torres Vila (born in Salamanca, 24 February 1966) is a Spanish banker, who since May 2015 has been the CEO of Banco Bilbao Vizcaya Argentaria and since January 2019 the president of that bank.

Castellana 81

For the original building, see Banco Bilbao VizcayaThe Castellana 81 (previously known as Torre BBVA, or, in English, BBVA Tower) is a 107m skyscraper in Madrid, Spain, within the AZCA financial district, and is currently the company's Madrid HQ. It was designed by the Spanish architect Francisco Javier Sáenz de Oiza, who won the private tender in 1971, convoked by the Banco de Bilbao, nowadays BBVA. It was built between 1979 and 1981.

It is one of the most important architectural landmarks of Madrid, with its striking ocher color, more intense as the time passes due to the oxidation of its facade steel. It has a rectangular floor (1,200 m2 per floor) with round corners, and the facade is made of continuous glass and steel, allowing exterior views from every point. The South, East and West facades also have steel sunshades in every floor, contributing to its characteristic look.

The building is supported on two concrete cores which also hold the utilities and lift shafts. Around them, the office area is a clear working space without divisions. The building has three staircases connecting every floor plus 14 elevators (divided by vertical zones as well as by uses: public, service, board-of-directors exclusive).

The foundation had to be designed having in mind that the underground commuter rail passes right through the lowest basement, having the building "ride" the tunnel. The inner core supports, at regular intervals, six prestressed concrete floor platforms, which in turn support the five steel structure floors above each of them.

The building has 28 working floors, with the five top ones dedicated to the company Board of Directors, containing the cabinet meeting room, many other conference and meeting areas, a private restaurant and relax zones. The first basement also holds the BBVA Auditorium and a public exposition space. There are four main utility floors: Basement 4 and Technical Floors 1 through 3 (located over floors 11, 20 and 28 respectively); The underground parking is located on basements 1, 2 and 3.

In 2007 the bank sold it to the real estate company Gmp, although it still occupies the building.


CatalunyaCaixa (Catalan pronunciation: [kətəˌluɲəˈkaʃə]) was the trading name of Catalunya Banc S.A., a Spanish bank with headquarters in Barcelona and owned by Banco Bilbao Vizcaya Argentaria (BBVA), and absorbed by it in 2016. Its area of influence is located mainly at Catalonia. It was the fourth largest savings bank in Spain in terms of consolidated assets, with €81.020 billion.It was founded on 1 July 2010 by the fusion of Caixa Catalunya, Caixa Tarragona and Caixa Manresa. The new savings bank had 1,212 branches and over 4 million customers.During 2011 and 2012, CatalunyaCaixa received a total of €12.052 billion capital investment from the Spanish government's Fondo de Reestructuración Ordenada Bancaria (Fund for Orderly Bank Restructuring). The September 2011 capital injection effectively nationalised the bank, raising FROB's ownership to 89.74%.In 2015, CatalunyaCaixa was purchased by Spanish banking group BBVA for a total of €1.187 billion.

Fernando Martín Álvarez

Fernando Martín Álvarez (born May 30, 1947 in Trigueros del Valle near Valladolid) was president of Real Madrid of the Spanish La Liga, replacing Florentino Pérez who resigned February 27, 2006, until he unexpectedly himself resigned on 26 April 2006. He was a member of the board of directors under Florentino Pérez.Fernando has an MS degree in Chemistry which he obtained from Universidad de Valladolid.He was a politician at a local level in the Christian Democratic party which later amalgamated with the main conservative Popular Party.

In 1983, he came to Madrid to work in property and worked his way up the ladder. In 1991, he set out on his own and founded Martinsa. Fernando owned a three percent stake in Spain's number three electricity provider Union Fenosa, also under a one percent stake in telecommunication giant Telefonica as well as Spain's top two banks Santander Central Hispano (BSCH) and Banco Bilbao Vizcaya Argentaria (BBVA). In 2005, he formed an alliance with the Nozar group to develop urban projects in and around Madrid.

Francisco González (banker)

Francisco González Rodríguez (born October 19, 1944) is a Spanish banker and Honorary Chairman of BBVA Foundation since 2001.A graduate in Economics and Business Studies from the Complutense University of Madrid, in 1987 he founded the securities company FG Inversiones Bursátiles, which would later be acquired by Merrill Lynch, who appointed him as the Company’s Advisory Director for Europe.González was appointed president of the then state-owned bank Argentaria, by the ruling People's Party in 1996 and, following the merger with Banco Bilbao Vizcaya Argentaria (BBVA) in 1999, was co-president, with Emilio Ybarra, until the latter's resignation in 2001.Since January, 2000, to december 20th 2018, he has been Executive Chairman of BBVA, and since 2011 he has taken a leading role in the digital and technological transformation of the Bank. As per BBVA rules, he must retire from his position at the age of 75 years old.Known for starting his career as a computer programmer, González has stated, “I do not see myself as a banker”.In September 2018, Francisco Gonzalez announced that he would step down in December and hand over to his number two Carlos Torres Vila.

Garanti Bank

Türkiye Garanti Bankası A.Ş, referred to as Garanti Bank in English, is a financial services company based in Turkey.

Jesús María Caínzos Fernández

Jesús María Caínzos Fernández (born in 1947 in Spain) is a Spanish businesspersons. He is chairman of JM Caínzos & Asociados, a European consulting firm that specializes in strategy and corporate deals (mergers and acquisitions). He is also member of the board of the IC-A (Institute of Directors) and chairman of its Professional Regulations Committee. He is member of the board of the Forum for the Protection of the Minority Shareholders and member of the Experts Committee formed by the Spanish Government to create the new Corporate Governance Code for listed companies.Caínzos has been vice chairman of BBVA (Banco Bilbao Vizcaya Argentaria), vice chairman of its Executive Committee, and chairman of the Risk Committee. He had been was European president of Johnson & Johnson and president and CEO of Janssen Pharmaceutica in Spain.

He holds a degree in Economics for the Complutense University of Madrid and several postgraduate studies at INSEAD, Northwestern University, Wharton School of the University of Pennsylvania, Harvard University and London Business School.

Laredo National Bank

The Laredo National Bank (LNB) was a Texas bank founded in 1892 headquartered in Laredo, Texas which was bought by Banco Bilbao Vizcaya Argentaria. LNB had been a component in the development of business and industry along the United States-Mexico border and South Texas. The Laredo National Bank had grown to approximately $3.5 billion in assets and was the fifth largest independent bank in Texas. Headquartered in Laredo, Texas, LNB had branches in Austin, Brownsville, Corpus Christi, Dallas, Del Rio, Eagle Pass, Harlingen, Houston, McAllen, San Antonio, San Marcos, and Weslaco. Laredo National Bank owned South Texas National Bank. Laredo National Bank's branches and headquarters names have been changed to Compass Bank on November 14, 2008 due to a merger between Laredo National Bank Compass and BBVA. BBVA Compass plans on cutting 170 jobs and eliminating the Laredo National Bank headquarters.

List of banks in Spain

This is a list of banks in Spain. Spain has X banking groups that were directly supervised by the European Central Bank.

List of banks in Uruguay

This is a list of commercial banks in Uruguay

State-ownedBanco de la República Oriental del Uruguay

Banco Hipotecario del Uruguay

Banco Central del UruguayPrivateBanco Bandes Uruguay S.A.

Banco Itaú Uruguay S.A.

Scotiabank Uruguay S.A. (ex. Nuevo Banco Comercial S.A.)

Discount Bank (Latin America) S.A.

Banco Santander S.A.

Banco Bilbao Vizcaya Argentaria Uruguay S.A.

HSBC Bank (Uruguay) S.A.

Banco Surinvest S.A.

Citibank N.A. Sucursal Uruguay

Lloyds TSB Bank plc

Banco de la Nación Argentina

List of largest banks

These are lists of the banks in the world, as measured by total assets.

Teatro Apolo (Madrid)

Teatro Apolo is a defunct theatre in Madrid, Spain. It was located on Calle de Alcalá, at the site which is now number 45. Previously, the site was occupied by the Convento de San Hermenegildo, which was sold off in 1836 and demolished in 1870. Theatre construction occurred between 1871 and 1873, with a design by the French architects P. Chauderlot and F. Festau. It had a capacity of 2,500 people.

The theatre opened on 23 March 1873 and featured the company of actor Manuel Catalina. A comedy playhouse, it went through difficult times in its early days due to its relative distance from the then city center and the high ticket price. The Apolo and the Felipe theatres were the most important venues for the género chico, a phenomenon which debuted in Madrid and featured one-act performances. The Apolo closed its doors on 30 June 1929 after it was purchased by Banco Bilbao Vizcaya Argentaria, which demolished the theatre in order to construct its Madrid headquarters. The site now contains a building which houses the Department of Finance and Administration of the City of Madrid. The Apolo's owners went on to build the Teatro Nuevo Apolo.

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