Annual accounts

Among the novelties in BBVA´s 2020 results presentation is its objective of repurchasing 10 percent of the shares once the sale of the subsidiary in the United States is completed with the capital generated by this operation. At the press conference, Carlos Torres Vila, BBVA Group´s Executive Chairman, stated that "we are saying loud and clear that we consider BBVA´s share the best investment we can make." In addition, he reviewed different strategic options that the bank was considering for investing that capital.

Türkiye Garanti Bankası A.Ş., recently reported its financial results as of September 30, 2020. Based on the consolidated financials, the bank’s net income in the first nine months of the year was 5.24 billion Turkish lira. Assets totaled 525.91 billion Turkish lira, and the bank’s contribution to the economy through cash and non-cash loans was 400.38 billion Turkish lira. Deposits continued to be the main source of funding, as 66 percent of assets were funded via deposits.

On Friday,  January 31st, BBVA presented its 2019 results. The net attributable profit for the fourth quarter - excluding the impact from the goodwill adjustment in the U.S. - was 10 percent higher than consensus forecasts thanks to a higher net interest income and net trading income (NTI).  In terms of the breakdown by geographic areas, Spain, Mexico and Turkey stand out for their strong performance.

With earnings season in the banking sector underway, it may be the right time to take a look at some of the most commonly used, but more frequently misunderstood, financial terms. One of these terms is the expression 'positive jaws,' which has been used, for example, by BBVA CEO Onur Genç during the quarterly results presentations.

BBVA’s digital customers are increasing in number, are more satisfied and interact more with the bank. In fact, the bank has reached its digital tipping point, at which more than 50 percent of its customers are using the bank’s digital channels in six countries (Spain, the United States, Turkey, Argentina, Chile and Venezuela). It’s a milestone that foreseeably will be reached this year by more of the countries where BBVA operates. Indeed in Davos last week, BBVA Group Executive Chairman Francisco González predicted the Group’s customer base as a whole will pass the 50 percent tipping point in 2018.

One in every three sales of BBVA products in December 2017 was done through digital channels. Two years ago, in December 2015, only one in every 10 sales was digital. Beyond income and profits, the Group’s digital transformation stands as one of the key takeaways of its year-end earnings report. “2017 was a good year for BBVA,” said Group Executive Chairman Francisco González.

These are the key takeaways of BBVA’s economic performance in 2017:

In accordance with accounting regulation, BBVA will make an adjustment in its accounts regarding its stake in communications provider Telefónica. This entry does not involve any cash outflow, nor does it have any impact on the bank’s capital ratio or the payment of dividends. The adjustment will be reflected in the income statement for Q4-17.

• Operating income: Recurring revenues continued their upward trend, growing 4.2% between January and September. This, together with cost containment efforts (expenses dropped 1.7% in the year to September), drove operating income to a record €9.52 billion
• Risks: The NPL ratio continued to improve, reaching 4.5% in September (vs. 4.8% in June), the lowest level in the past five years. Coverage increased to 72%
• Capital: The fully-loaded CET1 ratio rose to 11.2% in September, reflecting a capital generation of 30 basis points in the first nine months of the year
• Transformation: The digital customer base grew 24% y-o-y to 21.1 million in September. Of these, the number of customers banking with their smartphones surged 43% to 15.8 million

BBVA’s Board of Directors resolved today to approve the payment of an interim dividend for 2017, for a gross amount of €0.09 per share, to be paid on October 10.

After the approval of last year’s financial statements in the Annual General Meeting, BBVA is releasing the most relevant information of the year in its report, BBVA in 2016. The report offers a clear and intuitive overview of the Group’s strategy and performance highlights in 2016, with a special focus on the most relevant issues for BBVA’s stakeholders.

Industry analysts reacted positively to the annual results announced by BBVA, which beat consensus estimates. Lower-than-expected loan-loss provisions, solid net interest income at Group level and Mexico’s overall good performance, the banking activity in Spain and the U.S. were the year’s highlights for analyst firms.

Speaking at BBVA’s 2016 results presentation, Francisco González said that after 10 years of working on the Group's transformation, progress is becoming increasingly evident for the bank’s customers. And how is that showing? In new digital services and products with a better user experience.

These are the ratios that show up the financial position of a bank. This is a disclosure of BBVA’s ratios calculated at the end 2016.

BBVA presented its 2016 accounts today. In the words of Global Executive Chairman Francisco González, “Our profit has grown dramatically thanks to the Group’s geographic diversification and business model.”

BBVA will propose the appointment of Sunir Kapoor and Andrew Stott as new independent board members during its Annual Shareholders’ Meeting. The Meeting will be held in Bilbao on March 11th, 2016, as notified in the Relevant Event containing the agenda and to which this press release is appended.

BBVA executive chairman Francisco González this morning commented on the bank's results for 2015, pointing out that "BBVA showed its considerable ability to generate results."

The BBVA Group posted a profit of €2.62 billion in 2014, 25.7% more than in 2013, according to the new accounting rules1, driven by the solid net interest income performance, cost control and lower loan-loss and real-estate provisions. Net income from ongoing operations, which does not include results from corporate operations, grew 53.1% to €3.08 billion year-over-year.