BBVA Reports Record Profits and Strong Growth in 2024

Banco Bilbao Viscaya Argentaria ( (BBVA) ) has released its Q4 earnings. Here is a breakdown of the information Banco Bilbao Viscaya Argentaria presented to its investors.

Banco Bilbao Vizcaya Argentaria (BBVA) is a leading global financial institution based in Spain, offering a range of banking services to retail and corporate clients, with a strong emphasis on digital transformation and sustainable finance.

BBVA has achieved a record net attributable profit of €10.054 billion in 2024, driven by significant growth in core revenues and lending activities. The bank also exhibited strong profitability and efficiency metrics, maintaining a solid capital position above its target range.

The key financial highlights include a 25.4% increase in net attributable profit, a 13.2% rise in core banking revenues, and a 9.2% growth in loans and advances to customers. BBVA also enhanced its efficiency ratio to 40.0% and achieved a CET1 fully loaded ratio of 12.88%. The bank’s geographical segments, including Spain, Mexico, and Turkey, contributed positively to the overall profit.

Looking forward, BBVA’s management remains optimistic about sustaining its financial performance through focused strategies in digital growth and sustainable finance. The bank aims to leverage its strong capital base and efficiency to navigate the evolving macroeconomic landscape effectively.