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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.)

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