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Higher Inflation And Rates Are Having Impact On Asset Quality In Turkey, BBVA CEO Says

By Reuters News

Oct 29 (Reuters) - Chief Executive Officer of BBVA BBVA.MC Onur Genç:

  • HIGHER INFLATION AND HIGHER INTEREST RATES ARE HAVING IMPACT ON ASSET QUALITY IN TURKEY

  • HIGHER COSTS OF DEPOSITS IN SPAIN COME MAINLY FROM WHOLESALE DEPOSITS, DOES NOT SEE PRESSURE FROM RETAIL CLIENTS

  • BANK IS VERY POSITIVE ON MEXICO, MOST LIKELY IT WILL BEAT GUIDANCE OF 10% IN LOAN GROWTH IN 2026

  • BANK EXPECTS ROTE TO FURTHER IMPROVE IN 2027 AND 2028

  • BANK EXPECTS VERY ROBUST LOAN GROWTH IN SPAIN GOING FORWARD

  • BANK IS VERY POSITIVE FOR FUTURE NET INTEREST INCOME IN SPAIN

  • BBVA CFO GONZALO RODRIGUEZ: BANK REMAINS ON TRACK TO MEET FULL-YEAR GUIDANCE IN MEXICO


Further company coverage: BBVA.MC

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