BBVA exprime la rentabilidad en banca de inversión
JPMorgan y Santander rondan los 225.000 euros por trabajador en sus divisiones de banca mayorista y BNP, los 180.000 euros. Leer
BBC escribió sobre el rendimiento de la banca de inversión de BBVA. Compared to other global investment banks, BBVA's Corporate & Investment Banking division has 5,000 employees and generates over 0.8 million euros in profit per employee, significantly more than other global investment banks. In 2021, this figure was less than half of what it is now.
The number of employees in BBVA's CIB division has increased by 67% in under five years, from just over 3,000 to 2,000. The profit growth has been even faster, with a 220% increase in the same period. In the first half of the year, BBVA's investment banking generated 2.054 million euros, which is 21% higher than the same period last year in constant euros and close to the total of 2023.
Per employee, the investment banking generates 1.7 million euros in revenue and 0.82 million euros in profit. This ratio is closely watched in the sector, though not always publicly disclosed due to lack of breakdown in accounts. JPMorgan, the global leader, has 94,563 employees in this business, earning 714,000 euros in revenue and 253,000 euros in profit per employee on average.
Santander, very close in these metrics, has 13,313 employees in its CIB division, making 718,000 euros in gross margin and 262,000 euros in profit per employee. BBVA's investment banking focuses more on lending, financing, and debt solutions than on IPOs and M&A, which are traditionally more profitable due to transaction fees. BBVA attributes its success to its global presence, ability to serve large companies' needs worldwide, strength in cross-border operations, and customized structured finance solutions.
The bank's prime locations, including Europe, Latin America, and Turkey, and expansion in the US and Asia also contribute to its growth. The investment banking's profitability is fueled by this expansion, especially as the division's ratios are significantly higher than the group's average. With nearly 127,000 employees, BBVA generates 95,000 euros in profit per person and 333,000 euros in revenue, though CIB accounts do not include the impact of hyperinflation in Argentina and Venezuela.
Santander, with 185,279 employees globally, has similar income and profit figures to BBVA per employee, with 79,000 euros in profit per worker.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
