Banco Bilbao Vizcaya Argentaria SA
BBVA
ISIN US05946K1016 / Valor 1042296
Banco Bilbao Vizcaya Argentaria SA
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About company
Banco Bilbao Vizcaya Argentaria SA (BBVA) is a prominent global financial services group with a history dating back to 1857. With a significant presence in more than 25 countries, BBVA holds a dominant position in the Spanish banking sector, stands as the largest financial institution in Mexico, and boasts leading franchises in South America and Turkey. The bank is dedicated to supporting the financial needs of a diverse clientele, including families, entrepreneurs, and companies, by leveraging innovation and technology to offer a unique value proposition. This includes providing personalized information to help customers make informed financial decisions and improve their financial health. BBVA's business operations encompass a wide range of financial services, from traditional banking products to advanced digital banking solutions, aimed at addressing the evolving needs of its global customer base. The bank's commitment to responsible banking and the creation of long-term value for all stakeholders is evident in its various policies and initiatives, particularly in the realm of sustainable development. However, in focusing on the core aspects of BBVA's business, it is clear that the institution's primary goal is to facilitate progress and welfare through its comprehensive suite of financial services, underpinned by a strong emphasis on technological advancement and data utilization.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Net Attributable Profit
In the fourth quarter of 2023, Banco Bilbao Vizcaya Argentaria SA (BBVA) reported a net attributable profit of €8.02 billion. This represents a 26 percent increase over the net attributable profit in 2022, marking the best results in the bank's history.
Loan Portfolio Growth
BBVA's loan portfolio grew by 7.6 percent from the previous year. This growth facilitated the financing of 140,000 families to purchase homes, 550,000 SMEs and self-employed individuals, and over 70,000 large companies, contributing to job creation and investment.
Dividend Increase
BBVA proposed a €0.39 cash dividend per share against 2023 earnings, in addition to the €0.16 paid in October. This totals a gross dividend per share of €0.55, which is 28 percent higher than in 2022. The bank also announced a new share buyback program amounting to €781 million.
Customer Base Expansion
In 2023, BBVA increased its customer base by adding more than 11 million new customers globally. This growth is attributed to the bank's strong commitment to digitization, with 65 percent of new customers joining through digital channels.
Sustainable Business Channeling
BBVA channeled over €70 billion in sustainable business in 2023, doubling the amount from two years ago. Since 2018, the bank has mobilized nearly €206 billion in sustainable business, exceeding the pace required to reach its target of €300 billion by 2025.
Summarized from source with an LLMView SourceKey figures
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Market cap (USD)
103,384
Daily traded volume (Shares)
9.76 / 9.65
1 day high/low (USD)
52 weeks high/low (USD)
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