Strong Tangible Book Value and Profitability Growth
Tangible book value per share plus dividends increased by 14.6% year-over-year and 2.9% in the quarter. Return on tangible equity reached 20.4% and return on equity was 19.5% for the first six months of 2025.
Record Net Attributable Profit
Net attributable profit reached EUR 2.749 billion despite currency headwinds, with a positive impact from tax audits and VAT reviews contributing approximately EUR 150 million.
CET1 Capital Ratio Improvement
CET1 capital ratio increased by 25 basis points during the quarter, reaching 13.34%.
Loan Growth and Core Revenue Increase
Loan growth at the group level was 16% year-over-year, with strong core revenue growth in Spain and Mexico, which increased by 2.2% and 9.6% year-over-year, respectively.
Strategic Progress in Sustainability and Customer Acquisition
Achieved EUR 63 billion in sustainable finance channeling in the first six months and acquired 5.7 million new customers.
Revised Upward Guidance for Spain and Mexico
Improved full-year guidance for Spain and Mexico, expecting loan growth, and cost of risk to remain below 35 and 350 basis points, respectively.