BBVA announced its earnings for the fourth quarter of 2015 today and also took stock of its annual financial statement. In 2015, the bank showed its “enormous ability to generate earnings in a complex environment, while moving ahead decisively in its transformation,” said BBVA executive chairman Francisco González. These are the 5 keys you need to know to understand BBVA’s performance over the last year:
Record income: Gross income for the full year and for the fourth quarter reached a new record: €23.68 billion (up 10.9% y-o-y) and €6.15 billion (up 6.6% on the same period last year), respectively
Risks: BBVA Group’s NPL ratio improved to 5.4% at year-end vs. 5.8% in 2014, with coverage ratio of 74%
Capital: BBVA’s CET1 ratio fully-loaded was 10.3% at the end of 2015 following a solid evolution in the last quarter. It rose 57 basis points from October to December
Transformation: Digital banking is making further gains in terms of customer satisfaction and digital sales. At the end of the year 19.2% of new consumer credits in Spain were sold through digital channels. In Mexico this figure was 29.6%
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