Vídeo de la campaña BBVA Sin Armas en la Junta General de Accionistas del BBVA 2015 para instar a la entidad financiera a que modifique su política de inversión y financiación de la industria de armamento.
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For another year, the Banking Armada campaign has intervened in the General shareholders meeting of BBVA. This intervention was done with the intention of urging the bank to amend its investing policy and stop financing the arms industry. The two activists from the campaign who attended the meeting focused their criticisms on issues such as BBVA investments in extractive industries in Colombia as well as financial contributions to enterprises producing nuclear weapons.
BBVA is the Spanish bank that had the most capital invested in the arms industry from 2005-2013, a sum totaling €3.626 million. Among these controversial investments, one that stands out is to the company Drummond, responsible for the extraction of coal in many mines in Colombia. BBVA financed this company with €200 Million and is accused of supporting crimes and violence committed by paramilitaries in return for guaranteeing their operation within Colombia.
Request for Shares to Attend the General Shareholders Meetings of Caixabank and Sabadell Bank
Another year gone and the entities involved in the armed Banking campaign will participate in the general meetings of shareholders of CaixaBank and Banco Sabadell to denounce their policies of investment in weapons companies. We try to explain to shareholders of the bank and the media some of the many consequences associated with their investments in the arms industry as well as to inform greater society of these issues.
Thank you very much.
Shareholders of BBVA, Bilbao, March 13, 2015
Good afternoon, Mr. Chairman, members of the Board, ladies and gentlemen. My name is Gemma Amoros and I speak as a member of the Delás Study Center for Peace on behalf of the campaign BBVA without arms.I speak on behalf of dozens of shareholders who have given 609 575 shares to the campaign BBVA without arms to raise their voice in this forum today. We urge you, on their behalf, to modify your policy of controversial investments.
BBVA says it respects human rights in its business strategies. However, it is the Spanish bank that has set aside more capital to the arms industry in the period 2005- 2013 than any other. The total investment of the bank in arms for that period was 3.626 million euros. How you can respect human rights by promoting and weapons like this?
Of this total, 2.657 million are for loans to companies researching or manufacturing weapons; nearly 600 million was dedicated to finance exports of Italian weapons; 338 million was invested in bond and commercial paper of weapons; and 31 million euros were invested in mutual funds, stocks and bonds of companies in the defense industry.