BBVA: six-month report receives warm welcome
(CercleFinance.com) - BBVA posted a first-half net attributable profit of 2.
65 billion euros on Friday, up 14.9 per cent year-on-year.
In a statement, Spain's second-largest bank said solid revenue, containment in operating expenses, and lower loan-loss impairments and provisions were the key drivers of the performance.
Net interest income came in at 8.64 billion euros, up 9.4 per cent at constant exchange rates, while fees and commissions grew 1.5 per cent.
In the meantime, BBVA reported a 5.8 per cent drop in operating expenses.
At the end of June, BBVA's digital customer base stood at 25.1 million (+26 percent year-on-year), approaching its goal of having 50 per cent of its worldwide customer base made up of digital customers this year.
The report got a warm welcome from Madrid investors, with BBVA shares up 3 per cent at 6 euros in late morning trading.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
65 billion euros on Friday, up 14.9 per cent year-on-year.
In a statement, Spain's second-largest bank said solid revenue, containment in operating expenses, and lower loan-loss impairments and provisions were the key drivers of the performance.
Net interest income came in at 8.64 billion euros, up 9.4 per cent at constant exchange rates, while fees and commissions grew 1.5 per cent.
In the meantime, BBVA reported a 5.8 per cent drop in operating expenses.
At the end of June, BBVA's digital customer base stood at 25.1 million (+26 percent year-on-year), approaching its goal of having 50 per cent of its worldwide customer base made up of digital customers this year.
The report got a warm welcome from Madrid investors, with BBVA shares up 3 per cent at 6 euros in late morning trading.
Copyright (c) 2018 CercleFinance.com. All rights reserved.