Following the publication of first quarter results, BBVA CEO Carlos Torres Vila today said that net attributable profit from January through March increased by 69%, to €1.2 billion. “This is the highest level of profit of the past seven quarters,” he said. This has been possible thanks to income growth, lower impairments on financial assets and exemplary cost containment practices. Also, the capital generation during the quarter was very notable.
Carlos Torres Vila noted that “this growth has also been possible thanks to somewhat better-than-expected macroeconomic conditions, as evidenced by, for instance, the excellent results posted by our franchises in Mexico and Turkey,” he said.
BBVA’s CEO added that “we are focused on helping our customers in their financial lives, creating opportunities. We already have around 19 million digital customers, of which more than 13 million interact with the bank using their mobile devices. Sales through digital channels continued to grow in Spain, and already account for 24% of the total. We’re on the right track, making headway in our transformation journey”