BBVA Chair Carlos Torres Vila stated today that “our country is uniquely positioned to play a more relevant role in Europe.

For yet another year, the bank stood out among comparable European peers for its unique combination of growth of its lending portfolio (14 percent yoy in constant euros), and profitability, with ROTE of 19.7 percent. In 2024 the Group added 11.4 million new customers and channeled €99 billion in sustainable business, reaching the €300-billion¹ goal one year ahead of schedule. Between January and December, BBVA posted a net attributable profit of €10.1 billion, up 25 percent. Earnings per share² saw a higher increase, 28 percent, on the back of a share buyback. Against 2024 earnings, BBVA will pay a cash dividend of €0.70 per share³, 27 percent more than in 2023, and will execute a new share buyback program for €993 million⁴. In total, BBVA will distribute €5.03 billion to its shareholders.

¹Accumulated since 2018.
²Earnings per Share (EPS) figures considering end of period number of shares.
³Of this amount, €0.29 per share were paid in October as interim dividend of 2024. The additional payout of €0.41 per share is subject to the approval by the bank’s governing bodies.
⁴Subject to approval from the bank’s governing bodies and from corresponding regulators.

The Mexican Federal Economic Competition Commission (Cofece) has granted approval for BBVA to indirectly acquire Banco Sabadell's shares in various subsidiaries in Mexico. Cofece's analysis determined that the transaction poses no risk to competition in the Mexican banking sector.

With 96 percent of votes in favor, the shareholders have given “their overwhelming support to the capital increase needed to extend our offer to Banco Sabadell shareholders,” BBVA Chair Carlos Torres Vila said. During his speech, he said that this combination will allow the bank to gain scale and undertake the necessary investments in technology required to compete at a global level. Today “marks a very important milestone to move ahead with the most attractive project in European banking,” he underlined at the Extraordinary Shareholders’ Meeting this Friday in Bilbao.