Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

Spain's BBVA 9M interest income up on lending growth

By Reuters News


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%


Reuters Recommended Reads

  • Oct 28 - European banks beat profit forecasts, Brazil overshadows Santander

  • Oct 28 - Santander's Q3 profit jump overshadowed by Brazil weakness

  • Oct 29 - SocGen reports Q3 profit rise of 24% as investment bank rebounds


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.