BBVA Achieves Record Profits Driven by Credit Growth

Banco Bilbao Vizcaya Argentaria (ES:BBVA) has released an update.

BBVA has reported impressive financial results for the first nine months of 2024, with profits soaring to €7.622 billion, marking a 28% increase from the previous year. This growth was primarily fueled by strong credit expansion in Mexico and Spain, leading to a record efficiency ratio and robust returns on equity. The bank’s strategic focus on consumer credit, SMEs, and large corporations has significantly contributed to its success, alongside substantial investments in inclusive growth projects.

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