The BBVA bank, present in Portugal, had record profits of 7,978 million euros between January and September, 4.7% more than in the same period in 2024, the Spanish financial group announced today.
According to a statement from BBVA, issued this Thursday, the 30th, the results were due to the growth of the credit portfolio and recurring revenues.
Thus, in the first three quarters of the year, the interest margin (difference between interest received and paid by BBVA) grew 2%, to 19,246 million euros, and commission income reached 6,071 million euros, 5.5% more than in 2024.
Total revenue (gross margin) grew 3.7% in the first nine months of the year, to 27,136 million euros.
Credit granted by the BBVA group between January and September increased by 12.6% compared to the same period in 2024, reaching 447,901 million euros. Loans to companies grew by 5.9% and those granted to individuals by 4.2%.
In the period under review, BBVA attracted a record number of 8.7 million new customers and deposits increased by 7.7%, to 471,364 million euros, with total customer resources growing by 7.4%.
The BBVA group, which this month failed in the hostile Public Offering (OPA) it launched with the also Spanish Sabadell, had profits of 10 billion euros in 2024, 25.4% more than in 2023.
The bank also informed the National Securities Market Commission (CNMV) of Spain today that it will begin on Friday the repurchase of pending shares for a value of 993 million euros and that it will proceed with an additional repurchase, as soon as it has approval from the European Central Bank (ECB), as it had announced on the day the result of the takeover bid for Sabadell became known.