BBVA sends its employees home in Shanghai while Santander maintains "normalcy"
BBVA has sent its workers in China home on the occasion of the epidemic of coronavirus which already adds 60,000 infected and more than 1,300 dead in the last two months, according to updated data from the Government of Beijing As reported by the Basque bank to this newspaper, especially in Shanghai workers have been sent to their homes and "almost everyone is working remotely." Similarly, more non-face-to-face meetings are being held taking into account that Chinese customers have just returned from vacations after the Chinese New Year, this year very atypical due to the respiratory epidemic.
As BBVA has informed OKDIARIO's questions, "the bank has shared prevention protocols that include basic measures in case of symptoms, hygiene measures and avoiding areas with a large number of people, especially in large cities."
While in Shanghai there are problems, «in Hong Kong It is working with relative normality: the use of masks is promoted. Contingency plans have been designed if necessary to cover critical functions. Maximum flexibility is being given to employees to work from home ». The rest of Asia works normally, they say.
According to the annual financial report of BBVA published in the CNMV, the bank chaired by Carlos Torres It has 28 employees in China, concentrated mainly in Shanghai. The staff in Hong Kong is quite old, where 85 people work. In the rest of Asia (India, Japan, Indonesia, Taiwan and Singapore) there are 29 employees. In total, about 140 people work in the macro-region.
«Normality» in Santander
More people have working in China Santander Bank, who employs more than two hundred people in China (219 to December 31, 2018) and also has a branch and two subsidiaries in Hong Kong, the former British colony that is also being affected by the coronavirus. According to sources from the Cantabrian entity, it is operating with "normality" in the region, although normality in Hong Kong or Shanghai is currently complicated due to the impact of the epidemic.
In the autonomous peninsula there has already been a death due to respiratory infection and in recent days there are some cases of panic such as the evacuation of entire buildings when possible cases of coronavirus are detected.
The largest presence of the red bank in China is in Beijing, where it has Santander Consulting (Beijing) and 20% of Bank of Beijing Consumer Finance. The capital is 1,150 kilometers north of Wuhan, the cero zero zone ’of the epidemic.
On the other hand, Santander also has 6.5% of Bank of Shanghai.