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.
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