With this result, it will spend more than EUR 3,000 million (47% of reported attributable profit) on shareholder remuneration.
BBVA posted a net profit of €6.42 billion in 2022, which equates to one 38% increase Year-over-year (+39% excluding currency impact), the highest yet, as reported by the entity on Wednesday.
With this result, it will spend more than EUR 3,000 million (47% of reported attributable profit) on the compensation of shareholders.
On the one hand, it represents increase the dividend in cash for the year to 43 Euro cents gross per share (the highest in 14 years and 39% more than in 2021).
Following the payment of 12 cents per share in October, the bank will submit an additional dividend of 31 cents per share to the shareholders’ meeting for approval. will be paid predictable in April.
In addition, the bank will implement a new action plan share repurchases for a value of 422 million euros.
The bank has attributed the result achieved in 2022 to the “strong” increase incomedriven by double-digit credit growth (+13.3% in constant euros).
“2022 was one growth year for BBVA. We made the biggest profit in our history, with strong credit growth and with great progress in our strategy, focusing on digitalization, innovation and sustainability,” emphasized BBVA President Carlos Torres Vila.
“Looking ahead, and despite the uncertainty, in 2023 we will continue to create opportunities for all and contribute to the economic and social growth of the countries where we are present,” he added.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
