The entity has reached a new half-year record thanks to the “strong dynamics” of activity and credit, which is in the process of acquiring Banco Sabadell.
BBVA achieved an attributable net profit of 4,994 million euros between January and June, up 29% compared to the same period in 2023, it reported on Wednesday to the National Securities Markets Commission (CNMV). These figures represent a new half-year record to the company.
The entity said the increase was due to “strong dynamism” of activity and lending.
As the bank explained to the National Securities Markets Commission (CNMV) on Wednesday, the second quarter was also the best in its history, with a profit of 2,794 million euros (+38%).
Customer deposits increased by 7.1% year-on-year, bringing the total customer base to 611,959 million, after an increase of 9.7%.
CEO Onur Genç described the quarter as “exceptional” thanks to financial figures that were “unthinkable” years ago, adding that the entity will “broadly” meet its targets for the 2021-2024 period.
Furthermore, he has “complete confidence in the success” of the union Sabadell Bankwhich in his opinion “will lead to a stronger and more profitable entity, and with a greater capacity to accompany families and companies in their future projects.”
Source: EITB
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