Banco Bilbao Vizcaya Argentaria SA

BBVA

Equity

ISIN ES0113211835 / Valor 931474

BME Bolsas y Mercados Espanoles - Renta Variable (2024-12-24)

EUR 9.27-0.37%

Banco Bilbao Vizcaya Argentaria SA
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About company

Banco Bilbao Vizcaya Argentaria SA, commonly known as BBVA, is a global financial institution that offers a wide range of banking and financial services. The company has recently expanded its sustainable business by establishing a global finance unit that focuses on cleantech innovation. With a specialized team based in key financial hubs such as New York, London, and Madrid, BBVA provides lending and advisory services to support sustainable initiatives. Additionally, BBVA has been actively investing in technology and data capabilities, with a significant increase in professionals in these fields in recent years. This strategic focus on technology talent is a key aspect of the company's digital strategy to enhance its offerings and remain competitive in the financial industry.

Summarized from source with an LLMView SourceSector: Finance

Net Attributable Profit

In 2023, Banco Bilbao Vizcaya Argentaria SA (BBVA) achieved a net attributable profit of €8.02 billion, marking a 26 percent increase compared to the previous year. This significant growth in profit underscores the bank's strong financial performance and strategic success.

Dividend Increase

BBVA proposed a total cash dividend of €0.55 per share for 2023, which is a 28 percent increase from the previous year. This includes a €0.39 dividend per share to be approved at the Annual General Meeting, in addition to the €0.16 already paid in October.

Share Buyback Program

The bank announced a new share buyback program amounting to €781 million. This initiative is part of BBVA's strategy to enhance shareholder value, having distributed nearly €13.2 billion to shareholders since 2021 and redeemed 14 percent of its shares.

Loan Portfolio Growth

BBVA's loan portfolio grew by 7.6 percent in 2023, facilitating home purchases for 140,000 families and supporting 550,000 SMEs and self-employed individuals, as well as over 70,000 large companies. This growth contributed to job creation and investment in sustainable projects.

Outlook for 2024

Looking ahead, BBVA anticipates continued growth in 2024 despite global uncertainties. The bank expects GDP growth in Spain and Mexico, and sees opportunities in Turkey and South America. BBVA remains focused on innovation and sustainability as key strategic pillars.

Summarized from source with an LLMView Source

Key figures

12.5%1Y

79.2%3Y

83.1%5Y

Performance

28.1%1Y

31.0%3Y

38.7%5Y

Volatility