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Finance

Finance

BBVA posted a net attributable profit of €1.54 billion between January and March of 2015, up 146.2% from a year earlier. Without including the capital gains from the sales of shares in Chinese bank CNCB, profit increased 52.8% to €953 million. The good earnings performance and cost containment measures helped push profits higher.

It has taken financial institutions a long time to see the technical and financial possibilities of using banking APIs, but recently they seem to have reacted, with several banks launching projects in this area.

Africa continues to be a challenge for many companies seeking to do business in countries with very particular conditions, and where the most successful policy is often not to think in terms of what isn’t there, but to take maximum advantage of the resources that are available. A few years ago M-Pesa triumphed with its model, which now needs to be replicated to achieve the same success in other nations on the continent.

BBVA Compass added to its list of recent accolades in February, landing a top spot in leading personal finance website GOBankingRates’ ‘Best Banks’ series. GOBankingRates examined the top 100 banks by assets nationwide to determine the rankings and evaluated each on a range of criteria: financial strength, favorable rates and terms on deposit accounts, and available products and services.