The European Banking Authority celebrates its 5th anniversary in 2016. Headquartered in London, this body was formed in January 1, 2011. Its mission was clear: to ensure coordination of European Union regulations and banking supervision. To celebrate its anniversary, the EBA has organized a conference which takes place today. The discussion will center on the achievements to date and the challenges for the future.
Finance
Finance
These are the ratios that show up the financial position of a bank. This is a disclosure of BBVA’s ratios calculated at the end of December 2015
The BBVA Group’s net profit in 2015 came to €2.64 billion, slightly more than the previous year (up 0.9%). Without currency effects net attributable profit was up 4.4%. Excluding corporate operations in 2015, net income from ongoing operations was €3.75 billion, up 43.3% over 2014.
BBVA executive chairman Francisco González this morning commented on the bank’s results for 2015, pointing out that “BBVA showed its considerable ability to generate results.”
Annual accounts
Results: BBVA earned €2.64 billion (+0.9%); excluding corporate operations, net income was €3.75 billion, up 43.3%
- Record income: Gross income for the full year and for the fourth quarter reached a new record: €23.68 billion (up 10.9% y-o-y) and €6.15 billion (up 6.6% on the same period last year), respectively
- Risks: BBVA Group’s NPL ratio improved to 5.4% at year-end vs. 5.8% in 2014, with coverage ratio of 74%
- Capital: BBVA’s CET1 ratio fully-loaded was 10.3% at the end of 2015 following a solid evolution in the last quarter. It rose 57 basis points from October to December
- Transformation: Digital banking is making further gains in terms of customer satisfaction and digital sales. At the end of the year 19.2% of new consumer credits in Spain were sold through digital channels. In Mexico this figure was 29.6%
Group Executive Chairman, Francisco González, and CEO, Carlos Torres, will discuss the company’s 2015 results, during a press conference.*
*IMPORTANT: Exclusive event for accredited journalists
The European Commission has presented today, January 28, a package of measures to fight tax fraud and evasion by companies in the EU.
A socially responsible investor is someone who takes ethical, social and environmental considerations in its investment decisions. Without compromising the profitability of the investment, the responsible investor seeks to create long-term value, supporting businesses that can bring benefits to society. Although institutional investors are the most active in this type of investments, based on the interest shown by millennials, the investment opportunities in the segment could very well lead to wealth transfers of over 4% of the world’s GDP by mid-century.