BBVA earns 9.066 billion, 13.6% more, with a profitability of 22%
The group increases the credit portfolio at double-digit rates, driven by activity with Companies. The increase in costs weighs on profit in Spain, which falls by 0.2%.
BBVA reported a record profit of 9,066 million euros through September, a 13.6% increase, or 11.4% without the impact of exchange rates. The bank's credit portfolio grew at a double-digit rate, driven by business activity. However, costs related to a voluntary exit plan affected profits in Spain, which fell by 0.2%, the first decline since the pandemic. The bank's return on equity (Rote) was 22%, above its 2026 target of 21%. The CET1 capital ratio decreased to 12.21% from 12.90% in June.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
