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Economic results 29 Apr 2019

Onur Genç: “We continue to create opportunities for our customers and value for our shareholders”

Following the release of BBVA’s Q1-19 earnings, the Group’s CEO Onur Genç said today that, “the P&L shows positive dynamics, with operating income growing over 10 percent driven by recurring revenues and significant improvement in efficiency.”

The BBVA CEO said the Group was off to a good start in 2019 with net attributable profit of €1.16 billion in the first three months of the year. “Despite a challenging macro economic environment, our diversified model allowed us to maintain sound risk indicators and a solid capital position,” he added.

As for progress in the bank’s transformation, Onur Genç said that, “we continue to move forward in our transformation, with a clear impact on growth of our customer base, productivity, efficiency and user experience.” Genç reiterated that, “digital sales accounted for 57 percent of the total for the quarter. We maintain our goal of surpassing the 50-percent threshold of customers banking with us through their smartphones by year-end.”

All in all, for the BBVA CEO it has been a good quarter, in which “we continue to create opportunities for our customers and value for our shareholders.”

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