Carlos Torres is confident that “this year’s dividend will be much higher than last year’s”, which has already set records for the past decade
Carlos Torres, chairman of BBVA, believes that the evolution of the economy is not as fragile as expected, at least at the end of 2022 and the beginning of this year. The executive admits there is a context of “high uncertainty” in the global economy, though he also points out that “recent data comes out better than expected”. He points to challenges such as monitoring “how the effects of the second round of inflation unfold” and whether this situation could lead to further rate hikes or more financial tensions. “We could see 2023 going from less to more as the uncertainties dissipate,” he emphasizes in that interview the entity published on its website.
He also estimates the behavior of the company that the bank could have in this 2023 just starting operations, a year in which the board expects “this year’s dividend will be much higher than last year “. BBVA’s shareholder remuneration was 0.31 euros per share in 2022, “the largest cash dividend we have paid in the last ten years”.
In his assessment of the bank’s situation, Carlos Torres expects “growth prospects for BBVA” despite economic uncertainties. Even with this “uncertain economic environment,” says the bank’s president, “we will continue to grow and create opportunities for everyone.” The company’s strength, according to Torres, is centered in its geographic diversification – “with leading franchises in Spain, Mexico, Turkey and South America”, he emphasizes -, its strategy of innovation and sustainability, and “its financial strength”. of the firm.
Torres is confident that in this new year there will be “growth in all the countries where we are present”, even if the increase in GDP is less than in 2022. The group will present its annual accounts at the end of January.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
