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.
Between April and June the BBVA Group posted the highest quarterly profit of the last 12 months, with €1.12 billion, up 58.4% from the previous quarter. Net attributable profit for the first half of the year stood at €1.83 billion, down 33.6% from the same period in 2015, due to the impact of exchange rates and the lack of corporate operations. Stripping out these two factors, profit grew 5.8% y-o-y