BBVA Boosts Profits By 31.5% In 2016; Will Pay Full Cash Dividend
BBVA said on Wednesday that net attributable profit rose 31.5% to 3.475 billion euros in 2016 from a year earlier, the highest figure since 2010.
BBVA
BBVA Chairman Is Losing Sleep Over Turkey
Despite all the international support Erdogan has received since the failed coup on July 15, the situation in Turkey has become complicated because of the President’s reaction. It has fuelled a dangerous dynamic in the Euroasian country which could end up harming the Turkish economy and, therefore, the international companies operating there.
The Spanish Financial Sector’s Profitability Challenge
Ofelia Marín-Lozano | All the banks have seen a sharp decline in their profitability compared with a decade ago. This is partly due to the heavy provisions made to offset the impact of the property crisis (over 300 billion euros in accumulated terms). But it is also the result of the decrease in pre-provisions operating profit and the requirement for the lenders to raise their capital in line with assets.
Spanish Banks: More Regulatory, Political, Macro visibility Needed Prior To Further Consolidation
Fernando Rodríguez | Spain’s big banks BBVA, Santander and Banco Popular have recently announced they will gradually reduce their branch network. What is the significance of this move? Norbolsa analyst Nagore Diez Cerceda offers us some opinions.
Spanish Banks’ Results: The Numbers Tell The Story
Regardless of the disappointments, the one-off items, a few little surprises and all kinds of explanations regarding their earnings and provisions, the so-called big banks’ results are what they are. And none of them have anything to celebrate. They remain vulnerable and unable to reach cruising speed.
EBA Improves Spain Banks Solvency Ratio To 10% Vs 11.8% European Average
The European Banking Authority (EBA) rectified the solvency figures for the Spanish banking sector. The regulatory authority has raised the average “fully-loaded” capital ratio at end-June to 10% from a previous 9%. This compares with the European sector average of 11.8%
Spain banks interest margin could be weak point in H2
Renta 4 | Spain’s big banks H2 results expected to be weaker.
Spain’s Top Banks H1 Earnings Boosted By Lower Provisions
Spain’s top five banks posted a combined net profit of 7.989 billion euros in the first half of 2015, up 48 percent from a year earlier, thanks to the improving economic situation and a decline in bad loans provisions.
1 million new jobs in Spain?
MADRID | Sean Duffy | Yesterday brought positive data on the housing front and on job creation, with Spanish bank BBVA prediciting the economy will reap considerable benefits from the falling oil price.
Special: Truths and myths of the Spanish banking sector’s restructuring
MADRID | By Francisco López | The sale of Catalunya Banc to BBVA practically closed the restructuring of the Spanish banking system, which was launched in 2009 at the height of the crisis, and that has reduced to less than a third the number of players in the sector.