BBVA achieved an attributed net profit of €6,051 million on a cumulative basis at the close of the first half of 2026, representing an 11.1% increase compared to the same period of the previous year, supported by the strong performance of recurring banking revenues, as explained by the company to the National Securities Market Commission (CNMV). Additionally, the company has launched a new share buyback program for an amount of…
Reported by Consejeros Editorial Team Antonio Piña, a judge at the National High Court, opened the trial on Thursday against BBVA, its chairman between 2000 and 2018, Francisco González, and 14 other individuals, including former bank executives and senior police officers, over several allegedly illegal commissions made by the bank, which are said to have been carried out by the then serving police superintendent, José Manuel Villarejo, between 2004 and…
Analysed by Jefferies BBVA shares have lagged behind so far this year against a backdrop of widespread risk aversion, butthe fundamentals remain solid for the European bank with thehighest RoTE (24%). Given that risks relating to Turkey are already largely priced in, looking ahead we see upside potential of over 50% relative to consensus earnings forecasts, with more than 50% of this coming from Mexico – the main point of…
Telefónica’s shareholder structure continues to be led by SEPI, CriteriaCaixa and the Saudi telecoms firm STC. By Bankinter BBVA has reduced its stake in Telefónica to 1.965%, down from the 5.007% it previously held, following its departure from the board in March this year. Telefónica’s shareholder structure continues to be led by SEPI, CriteriaCaixa and the Saudi telecoms firm STC, each holding practically 10% of the capital. Bankinter analysis team’s…
Analysed by Bankinter Santander has made a strong start to the year, reiterating its 2026 guidance and the targets of the 2026–2028 plan (net banking income in excess of €20,000 million with a return on total equity (RoTE) of over 20.0% in 2028). The fundamentals are solid (capital, efficiency and profitability) and non-performing loans remain at historically low levels. Santander is enjoying a strong earnings performance (up 17.0% in EPS)…
Jefferies | 7% profit beat on better revs (NII and trading income), partly offset by higher costs and impairments. While every market was a beat, the strong NII momentum was driven primarily by Turkey&South America, with both Spain&Mexico broadly in line. 1Q26 CoR trailing worse than FY26 guide, albeit partly explained by c100m EUR PMA top-up. FY26 RoTE now seen >20% (vs c20% before), with upside risk to Mexico growth…
Link Securities | On Tuesday, BBVA (BBVA) received a new notification from the Bank of Spain (BdE) regarding the determination of its minimum requirement for own funds and eligible liabilities (MREL), set by the Single Resolution Board (SRB), which applies to it from the date of receipt and has been calculated taking into account financial and supervisory information as at 31 December 2024. This new notification repeals and replaces the…
Alphavalue / Divacons | The financial institution has climbed the rankings in the UK project finance market, securing seventh place by volume mobilised (£1.36 billion) and eighth by number of transactions. According to Refinitiv data, the bank has made a significant leap forward compared to 2024, when it ranked fourteenth. During 2025, the bank managed to participate in a quarter of the financing deals in this segment in the UK…
Link Securities | According to the Romanian newspaper Ziarul Financiar, Raiffeisen Bank International is set to be the bank that will ultimately purchase BBVA’s Romanian subsidiary, which it controls through Garanti, Expansión reported yesterday. BBVA and Raiffeisen have declined to comment. Negotiations initially began with ING, although ultimately, the bank is more inclined to close the sale with Raiffeisen. The decision to sell will be made on Monday, according to…
Link Securities | Expansión reports today that BBVA has been forced to write down the value of Garanti, its subsidiary bank in Turkey, in its annual accounts due to the negative performance of the currency, which depreciated by 27% last year. It has done so by €130 million, bringing the cumulative impairment in recent years to €354 million. Added to this is the money BBVA is losing in the country…