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Finance

Finance

The Chairman & CEO of BBVA, Francisco González, stressed at the summit in Turkey that authorities should start to wrap up the financial reform agenda to take a breather and analyze its impact on the recovery. “Regulation must focus on growth and not just financial stability,” said Francisco González at the summit, where business leaders share their opinions with politicians on the major challenges facing the global economy.

Since the outbreak of the crisis in 2008, each G20 (Group of 20) summit arouses a great deal of international expectation. The one held in Turkey has been no exception. Antalya not only plays host to the leaders of the 20 most important countries in the world, accounting for 85% of the global economy; also present will be the business leaders of these 20 economies, at the B20 (Business 20)

Picture of Carlos Torres at the 3Q15 Results BBVA

BBVA earned €2.82 billion in the first nine months of 2015, up 45.9% in y-o-y terms, without considering the one-off impacts from corporate deals closed so far this year (partial sale of CNCB and sale of CIFH and acquisitions of Catalunya Banc and of a 14.89% stake in Garanti). After factoring in these impacts, net profit totaled €1.7 billion, down 11.8% from a year earlier.