BBVA earned 4.7% more in September and made a net profit of 7,978 million
According to the results released this Thursday by the entity to the National Securities and Exchange Commission (CNMV), it has grown by 2% (12.6%, excluding currency exchange), to 19,246 million euros, driven by Spain, Mexico and Turkey.
BBVA, which failed a few weeks ago in the Sabadell purchase operation, recorded a profit of 7,989 million euros in the first nine months of the year, 4.7% morethan in the same period of 2024, thanks to credit growth and recurring revenues.
According to the results released this Thursday by the entity to the National Securities and Exchange Commission (CNMV), it has grown by 2% (12.6%, excluding currency exchange), to 19,246 million euros, driven by Spain, Mexico and Turkey.
Net commissions amounted to €6,071 million, 5.5 per cent more than in the previous year (16.6 per cent in fixed terms), highlighting the contribution of the means of payment and asset management businesses, as well as Turkey.
In line with the commitment announced by President Carlos Torres when he learned of the failure of his attempt to buy Sabadell, the bank has announced that tomorrow, 31 October, it will begin to buy back shares worth EUR 993 million and will launch an additional repurchase as soon as it receives the approval of the European Central Bank (ECB).
BBVA has stated that it is "fully committed to its strategic plan and financial objectives for the period 2025-2028, as shown by the figures for the first nine months of 2025."
The group's profit grew by 19.8 per cent , excluding currency variation, and gross margin (sum of the group's income) grew by 3.7 per cent, to €27,136 million (excluding the exchange rate of 16.2 per cent).
BBVA notes that the boost of the first nine months of 2025 is due to the dynamism of the activity. Loans and advances to customers until 30 September have increased by 12.6% from the same period last year, reaching 447,901 million euros, driven by the wholesale segment and with significant activities in Spain and Mexico.
Loans granted by the BBVA group tocompanies grew by 5.9% and loans granted to private individuals by 4.2%, with consumer loans and mortgage loans being the largest increase.
Deposits have increased by 7.7%, to $471 364 million, while customer resources have increased by 7.4%, driven by developments in investment funds, managed portfolios and customer deposits.
BBVA reached a record figure of 8.7 million new customers from January to September, and by the end of the third quarter it had reached the threshold of 80 million active customers.
The result of financial operations was €1,962 million, 25.6 per cent less than in the same period of the previous year, and the line of other revenues and operating burdens improved.
BBVA's operating expenses grew by 11% year-on-year, to €10 360 million, due to technological investments in recent years and staff growth.
The Bank's efficiency ratio improved by 178 basis points to 38.2 per cent. In terms of profitability, the return on tangible capital at the end of September was 19.7 per cent and the return on own funds (ROE) was 18.8 per cent.
In terms of solvency, the BBVA's CET1 capital ratio stood at 13.42 per cent at the end of the third quarter, with a default rate of 2.8 per cent at that date and a coverage rate of 84 per cent compared to a year ago.
You might like
The maximum income for access to protected rental housing will be increased to €46,463
The Basque Government will approve tomorrow, with the Decree on Urgent Measures , the "social shield" in the area of housing . Among other things, the fee to be received by the owners will be 700 euros and higher in tense areas.
LAB will call for measures to ensure a "decent life" in housing, public services, pensions and wages
He has called 26 demonstrations for the First of May and has denounced that Pradales "has become a more antisocial and authoritarian copy of Urkullu."
Talgo has signed a $756 million contract to produce a new railway fleet in Sweden
With this contract, Talgo's order book has reached EUR 6.5 billion, the highest in its history.
The doctors at Donostia Hospital and Txagorritxu will not be overtime in the afternoon shift from today
On the other hand, the Zumarraga Hospital will join the protest from 27 April and the hospitals in Bizkaia from 27 May. They have decided to take this new step in view of the fact that the strike in force "has not caused any anger".
Oil has risen more than 5%, to $95, and European stock exchanges are expected to fall
The conflict between the United States and Iran has escalated again in the early hours of this Monday, affecting the price of oil. Tension has increased in the Strait of Hormuz when the US struck an Iranian cargo ship in the Gulf of Oman that was trying to overcome the blockade imposed by Washington on Iranian ports.
Doctors at Zumarraga Hospital won't do overtime in the evenings from April 27
This is a new "pressure measure" promoted by the United Medical Organization for its Rights (MUD), which is in addition to the monthly strike by doctors with the aim of achieving a framework statute and, at the same time, making improvements that can already be implemented by the Autonomous Communities.
They call for investments in Bilbao and Vitoria to prevent the dismantling of public health
Public healthorganizations 68 have held demonstrations in Bilbao and Vitoria-Gasteiz with the support of EH Bildu, Podemos and Sumar and various trade unions, in which they have also called forthe resignation of Health Counsellor Alberto Martínez .
ELA, LAB and ESK Trade unions will challenge the ERE of Tubos Reunidos
Another Friday, the workers of Tubos Reunidos have demonstrated in Amurrio and the members of the works council have expressed their disappointment at the decision of the Labour Inspectorate. Three unions, ELA, LAB and ESK, have already announced that they will challenge the ERE next week.
The GDP of the Basque Country recorded an annual growth of 2.2 per cent in the first quarter, an increase of 0.5 per cent over the previous quarter
The Basque economy has maintained its growth rate in 2026, driven by construction and services.
The Basque Government sees "some comfort" in the health negotiations and fears the consequences for assistance
The Health Adviser, Alberto Martínez, has warned of the difficulties that the situation creates for patients and citizens and has called for greater responsibility on the part of the parties involved. He has acknowledged that he has no information or participation in theongoing negotiations. He has warned that this situation is creating uncertainty and difficulties for patients and the care system.