Following the publication of quarterly results, BBVA CEO Carlos Torres Vila said today that the Group has posted the highest quarterly profit of the last 12 months. "As expected, our results are gradually improving in 2016," he said in a statement ahead of the BBVA press conference.
The BBVA CEO said that "double-digit net interest income growth in a historically low interest rate environment shows the strength of BBVA's business model and the value of diversification"
Carlos Torres Vila also pointed out the good risk indicator trend and the Group's capital position. "The NPL ratio has continued to improve and is already at the levels of December 2012, and we are on track to meet our capital ratio target of 11% in 2017."
Lastly, the BBVA CEO said that "we have made some adjustments to the Bank's structure to simplify it, make management more agile and accelerate our transformation. On the one hand, we have grouped together key areas to build up our product and service offering to clients. and, on the other, make our relationship wiht the countries more fluid."