The BBVA Group posted a profit of €2.62 billion in 2014, 25.7% more than in 2013, according to the new accounting rules1, driven by the solid net interest income performance, cost control and lower loan-loss and real-estate provisions. Net income from ongoing operations, which does not include results from corporate operations, grew 53.1% to €3.08 billion year-over-year.
BBVA Results 2014
BBVA Results 2Q14
BBVA earned €1.33 billion in the first half of 2014, 53.9% less than in the year-earlier period, due to the absence of corporate operations. Without including such operations, net income from ongoing operations rose 11.7% to €1.54 billion. For the second quarter in a row, the Group’s NPA ratio fell.
BBVA Results 1Q14
The first quarter of 2014 marked the start of a new cycle of growth for BBVA’s operating results. Net income from ongoing operations rose 18.7% over the first quarter of 2013, to €744 million.