A bank prepared for the future
BBVA is a global financial group with a customer-centric vision, characterized by its pioneering commitment to digitalization, innovation, and sustainability. It currently has over more than 78.1 million active customers and over 124,741 employees. BBVAoperates in more than 25 countries worldwide, has a leading position in the Spanish market and, is the largest financial institution in Mexico and has leading franchises in South America and Turkey. BBVA also has a remarkable investment banking, transaction banking, and capital markets business, leveraged on the cross-border business among its geographies and sector-specific expertise, with specialized focus on supporting companies in their decarbonization efforts.
BBVA stands out for the strength of its financial indicators, which have allowed it to adapt to the changes and challenges in the macroeconomic environment, while maintaining its firm commitment to value creation, not only for its shareholders, but also for itscustomers, employees and society as a whole, additionally promoting inclusive development.
BBVA posted solid results in the first three months of the year. Yet another quarter, BBVA stood out for its distinctive profitability, with an ROTE over 20 percent, and its ability to create value for its shareholders, with a 14 percent yoy increase in the tangible book value per share plus dividends. The Group earned €2.7 billion, up 23 percent in current euros (+46 percent in constant euros), driven by greater activity. The loan portfolio grew by 15 percent in constant euros, with a strong performance of Spain and Mexico. In these two countries, lending for companies and businesses increased by 8.5 and 25 percent, respectively. These earnings strengthened even further BBVA’s capital position, with a CET1 ratio over 13 percent.