Spain's BBVA 9M interest income up on lending growth
Spain's BBVA 9M interest income up on lending growth
Overview
Spain banking group's nine-month net income rose to EUR 9.07 bln
Net interest income for nine months grew 17% yr/yr to EUR 23.24 bln
CET1 capital ratio at 12.21%, above minimum requirement
Outlook
BBVA targets €700 bln in sustainable business channeling for 2025-2029
Company maintains CET1 ratio above target range at 12.21%
BBVA continues to invest in AI transformation across operations and customer services
Result Drivers
LENDING GROWTH - Co said increased lending activity drove net interest income growth
HIGHER NET INTEREST INCOME - Co attributed net income rise to 17% yr/yr growth in net interest income
ASSET QUALITY - Co said stable asset quality metrics supported results
Company press release: Full Story
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Net Income |
| EUR 9.07 bln |
|
9M Net Interest Income |
| EUR 23.24 bln |
|
9M CET1 Capital Ratio |
| 12.21% |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)