Photogallery: 4Q15 BBVA Results Presentation

Gross income for the full year and for the fourth quarter reached a new record: €23.68 billion (up 10.9% y-o-y) and €6.15 billion (up 6.6% on the same period last year), respectively.

BBVA Group’s NPL ratio improved to 5.4% at year-end vs. 5.8% in 2014, with coverage ratio of 74%.

BBVA’s CET1 ratio fully-loaded was 10.3% at the end of 2015 following a solid evolution in the last quarter. It rose 57 basis points from October to December.

Digital banking is making further gains in terms of customer satisfaction and digital sales. At the end of the year 19.2% of new consumer credits in Spain were sold through digital channels. In Mexico this figure was 29.6%.

Without currency effects net attributable profit was up 4.4%. Excluding corporate operations in 2015, net income from ongoing operations was €3.75 billion, up 43.3% over 2014.

income in an environment of historically low interest rate in currencies such as the euro or the dollar. Other key factors driving earnings were the improved risk premium (1.06% at year-end) and the reduction in loan-loss and real-estate provisions in Spain.

an increase of 21.5% at constant exchange rates. Growth was aided by buoyant business that helped to offset pressure on customer spreads due to low interest rates.

For the last three months of 2015 it came to €6.15 billion (up 6.6% y-o-y). The corresponding figure for the entire year rose 10.9% to €23.68 billion (up 15.7% before currency effects).

In 2015 BBVA significantly extended its base of customers who interact with the bank through digital channels. At the end of 2015, with available data, there were 14.8 million such customers, an increase of 19% compared to a year earlier. Of these, 8.5 million operated mainly through their mobile devices (up 45% y-o-y).