BBVA vs Xiaomi: Founders, CEOs and History
BBVA was founded in 1857 by Bilbao Board of Trade and is led by Onur Genç. Xiaomi was founded in 2010 by Lei Jun, Lin Bin and is led by Lei Jun.
Company facts
Founders
BBVA
Bilbao Board of Trade
No individual is recorded as the founder of BBVA's oldest institution. Banco de Bilbao was created in 1857 after the Bilbao Board of Trade, the body representing the port city's merchants, promoted a bank that could issue banknotes and discount commercial bill…
Xiaomi
Lei Jun
Lei Jun founded Xiaomi in 2010 and is its chairman and CEO. He set the company's early strategy of selling well-specified phones online at low prices, built the MIUI user community, and later led Xiaomi's 2018 Hong Kong listing.
Lin Bin
Lin Bin co-founded Xiaomi in 2010 and served as its president, overseeing early phone development and supply-chain relationships. He handed the president role to others in 2019 and continued as vice chairman of the board.
CEOs and their tenures
BBVA
- Pedro Luis Uriarte1999–2001
Chief Executive Officer
Chief executive and vice chairman of BBV from September 1994 and of the merged BBVA until he retired at the end of 2001.
Source - Francisco Gonzalez2000–2018
Executive Chairman
Chaired Argentaria before its 1999 merger with BBV and then BBVA until December 2018, 22 years at the head of the group in total. He drove the bank's technology rebuild and the 2007 purchase of Compass Bancshares in the United States.
Source - Jose Ignacio Goirigolzarri2001–2009
Chief Executive Officer
Chief executive of BBVA from 2001 to 2009, the period that covered the USD4.1 billion buyout of the rest of BBVA Bancomer in 2004 and the USD9.6 billion purchase of Compass Bancshares in 2007. He later chaired Bankia and CaixaBank.
Source - Angel Cano2009–2015
Chief Executive Officer
Appointed chief executive in September 2009, replacing Jose Ignacio Goirigolzarri.
Source - Carlos Torres Vila2015–2018
Chief Executive Officer
Chief executive from May 2015 until December 31, 2018, when he became executive chairman and Onur Genc took over as CEO. He had joined BBVA in 2008 to run strategy and corporate development and led digital banking from 2014.
Source - Onur Genc2018–present
Chief Executive Officer
Took over as CEO on December 31, 2018, the day Carlos Torres Vila became executive chairman.
Source
Xiaomi
- Lei Jun2010–present
Founder, Chairman and CEO
Sets Xiaomi's product and ecosystem strategy and leads the EV business.
Source - Lin Bin2010–present
Co-founder and Vice Chairman
Co-founded Xiaomi with Lei Jun and served as president during its early growth before moving to the vice chairman role.
Source - Lu Weibing2022–present
President
Runs day-to-day operations of the group, having earlier led the Redmi brand and international business.
Source
Timeline: BBVA and Xiaomi side by side
1857BBVA
Banco de Bilbao is created
Bilbao's Board of Trade promotes the creation of Banco de Bilbao as a bank of issue and discount for the city's merchants. It is the oldest institution in BBVA's corporate line.
1901BBVA
Banco de Vizcaya is founded
Banco de Vizcaya is founded in Bilbao and grows alongside Banco de Bilbao as the second large Basque bank, financing regional industry.
1988BBVA
Banco de Bilbao and Banco de Vizcaya merge
The two Basque rivals merge to form Banco Bilbao Vizcaya (BBV), one of the largest banks in Spain ahead of the European single market.
1999BBVA
BBV merges with Argentaria to create BBVA
BBV merges with Argentaria, the group Spain had assembled from state-owned lenders such as Banco Exterior, Banco Hipotecario and Caja Postal, forming Banco Bilbao Vizcaya Argentaria.
2000BBVA
BBVA takes control of Bancomer in Mexico
BBVA capitalizes Bancomer with USD1.4 billion and merges it with BBV-Probursa to create Grupo Financiero BBVA Bancomer, the largest bank in Mexico.
2004BBVA
BBVA bids for the rest of BBVA Bancomer
BBVA offers USD4.1 billion in cash for the roughly 41 percent of BBVA Bancomer held by minority investors, ending with about 99 percent of the Mexican group.
2007BBVA
Compass Bancshares purchase builds a US franchise
BBVA buys Compass Bancshares of Birmingham, Alabama for USD9.6 billion, creating a Sunbelt retail bank that later traded as BBVA Compass and BBVA USA.
2010BBVA
BBVA agrees to buy 24.9 percent of Garanti
BBVA agrees to pay ~$4.74 billion (EUR4.195 billion), about USD5.84 billion, for 24.9 percent of Turkiye Garanti Bankasi, funded with a rights issue of about $5.65 billion (EUR5 billion).
2010Xiaomi
Xiaomi Founded
Lei Jun and seven co-founders establish Xiaomi in Beijing and release the MIUI Android software.
2011Xiaomi
Mi 1 Launches
Xiaomi launches its first smartphone, sold online.
2014BBVA
BBVA wins the auction for Catalunya Banc
BBVA bids ~$1.34 billion (EUR1.187 billion) for Catalunya Banc, with 1.5 million customers and ~$71.2 billion (EUR63 billion) of assets, in the auction run by Spain's bank restructuring fund. The deal closed in 2015.
2014Xiaomi
India Entry and $45B Valuation
Xiaomi enters India and raises funding at a reported $45B valuation.
2018BBVA
Onur Genc is named CEO
BBVA's board designates Onur Genc as chief executive from December 31, 2018, the date Carlos Torres Vila replaces Francisco Gonzalez as executive chairman.
2018Xiaomi
Hong Kong IPO
Xiaomi lists on the Hong Kong Stock Exchange under stock code 1810 with a weighted voting rights structure.
2019BBVA
BBVA unifies its brand worldwide
The group drops local names such as BBVA Bancomer, BBVA Francés, BBVA Continental and BBVA Compass and operates as BBVA in every market.
2021BBVA
BBVA closes the transfer of BBVA USA to PNC
BBVA completes the transfer of BBVA USA Bancshares to PNC Financial Services on June 1, 2021, receiving about USD11.5 billion, equivalent to ~$10.8 billion (EUR9.6 billion), in cash.
2021Xiaomi
EV Entry Announced
Xiaomi announces it will build electric vehicles and sets up a dedicated EV subsidiary.
2021Xiaomi
Acquired DeepMotion
Xiaomi acquired DeepMotion for $77 million. Autonomous-driving technology company acquired to support Xiaomi's EV program.
2022BBVA
Tender offer lifts the Garanti stake to 85.97 percent
A tender offer at 15 Turkish lira per share closes in May 2022 and raises BBVA's holding in Garanti BBVA to 85.97 percent.
2024Xiaomi
SU7 Launch
Xiaomi launches the SU7 electric sedan in March 2024 and begins deliveries.
2025BBVA
The offer for Banco Sabadell lapses
Shareholders representing 25.47 percent of Sabadell's voting rights accept BBVA's all-share offer, short of the minimum BBVA required, and the bid lapses on October 16, 2025.
2025BBVA
Record net attributable profit of ~$11.9B (EUR10.511B)
BBVA reports gross income of ~$41.7B (EUR36.931B) and net attributable profit of ~$11.9B (EUR10.511B) for 2025, with ROTE of 19.3 percent and an efficiency ratio of 38.8 percent.
2025Xiaomi
Record Year and YU7 Launch
Xiaomi launches the YU7 SUV, delivers 411,082 vehicles, and reports FY2025 revenue of ~$63.6B (RMB457.3B).
2026BBVA
BBVA is ordered to stand trial in the Villarejo case
Spain's National Court orders BBVA, former chairman Francisco Gonzalez and 14 other defendants to stand trial over work commissioned from former police commissioner Jose Manuel Villarejo between 2004 and 2016.
2026Xiaomi
Memory Costs Hit Profit
Q1 revenue falls 10.9% to ~$13.8B (RMB99.1B) and Q2 revenue falls 6.1% to ~$15.1B (RMB108.9B) as memory-chip costs squeeze margins.
Acquisitions
BBVA
- Turkiye Garanti Bankasi tender offer (Turkey)2022Undisclosed
- Catalunya Banc (Spain)2014Undisclosed
- Turkiye Garanti Bankasi 24.9 percent stake (Turkey)2010$5.8B
- Compass Bancshares (United States)2007$9.6B
- BBVA Bancomer minority shares (Mexico)2004$4.1B
- Grupo Financiero Bancomer (Mexico)2000$1.4B
Questions about BBVA vs Xiaomi
Who is the CEO of Banco Bilbao Vizcaya Argentaria, S.A. and Xiaomi Corp.?
Banco Bilbao Vizcaya Argentaria, S.A. is led by Onur Genç and Xiaomi Corp. is led by Lei Jun. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Banco Bilbao Vizcaya Argentaria, S.A. founded vs Xiaomi Corp.?
Banco Bilbao Vizcaya Argentaria, S.A. was founded in 1857 — 153 years before Xiaomi Corp., which was founded in 2010. Banco Bilbao Vizcaya Argentaria, S.A.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Xiaomi Corp..
How many employees does Banco Bilbao Vizcaya Argentaria, S.A. have compared to Xiaomi Corp.?
Banco Bilbao Vizcaya Argentaria, S.A. employs approximately 127,174 people, while Xiaomi Corp. employs approximately 56,531. Banco Bilbao Vizcaya Argentaria, S.A. has the larger workforce at 127,174 employees, compared to Xiaomi Corp.'s 56,531. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Banco Bilbao Vizcaya Argentaria, S.A. and Xiaomi Corp. headquartered?
Banco Bilbao Vizcaya Argentaria, S.A. is headquartered in Spain and Xiaomi Corp. is headquartered in China. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Banco Bilbao Vizcaya Argentaria, S.A. and Xiaomi Corp.?
Banco Bilbao Vizcaya Argentaria, S.A. was founded by Bilbao Board of Trade. Xiaomi Corp. was founded by Lei Jun, Lin Bin.
Which company has a longer operating history — Banco Bilbao Vizcaya Argentaria, S.A. or Xiaomi Corp.?
Banco Bilbao Vizcaya Argentaria, S.A. has been operating for approximately 169 years, making it the more established of the two companies. Xiaomi Corp. has been in operation for around 16 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the BBVA vs Xiaomi overview