Banco Bilbao Viscaya Argentaria ( (BBVA) ) has released its Q3 earnings. Here is a breakdown of the information Banco Bilbao Viscaya Argentaria presented to its investors.
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Banco Bilbao Vizcaya Argentaria (BBVA) is a global financial group providing retail banking, investment banking, asset management, and insurance services, with a strong emphasis on digital transformation and sustainability initiatives. BBVA has reported impressive financial results for the first nine months of 2024, with a net attributable profit of €7.62 billion, marking a 27.9% increase compared to the previous year. This growth is attributed to strong performance in recurring revenues, net interest income, and strategic expansion in sustainable business activities. The bank’s efficiency ratio improved significantly, and its capital adequacy remains robust with a CET1 fully loaded ratio at 12.84%. Looking ahead, BBVA’s management remains focused on leveraging its strong capital position and sustainability initiatives to drive further growth while maintaining its competitive advantage in the digital banking landscape.
