Snapshot
March 02, 2016

BBVA signs on as official sponsor for Cleveland Cavaliers

Participating in this sponsorship deal:

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About Sponsor:

Banco Bilbao Vizcaya Argentaria, S.A. is a multinational Spanish banking group. It was formed in 1999 from the merger of Banco Bilbao Vizcaya and Argentaria, both of which in turn had previously amalgamated three important banks in Spain, namely Banco de Bilbao, Banco de Vizcaya, Banco Exterior de España and the state-owned Caja Postal de Ahorros, with other minor entities. BBVA is the second largest bank in Spain and 7th largest financial institution in the Western world with a market capitalization of over 61 billion €. The bank has recently focused on overseas expansion, and now operates in 40 countries. Like many other Spanish companies, it enjoys a dominant position in Spanish-speaking Latin American countries. It also has a strong presence in southern European countries, especially Portugal and Italy, and has announced its intention to expand into the United States and in Asia.

About Property:

The Cleveland Cavaliers, also known as the Cavs, are an American professional basketball team based in Cleveland, Ohio. The team competes in the National Basketball Association (NBA) as a member club of the league's Eastern Conference Central Division. The franchise has won five Central Division championships (1976, 2009, 2010, 2015, and 2016), three Eastern Conference championships (2007, 2015, 2016) and one NBA championship (2016).

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HOUSTON, March 2, 2016 /PRNewswire/ -- BBVA Compass, the Official Bank of the NBA, announced today that it is now a sponsor of the Cleveland Cavaliers in a deal that will broaden the bank's exposure outside its Sunbelt footprint and allow it to tap into the team's loyal fan base.
Read more at finance.yahoo.com »
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