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Results for BBVA in first quarter of 2017

1 min. reading
BBVA Group / 1 June, 2017

The first 3 months of 2017 have recorded the highest profits of the last 7 quarters. These results are due to growth in revenues, fewer restructurings and exemplary cost management, according to comments by BBVA Chief Executive Officer, Carlos Torres Vila. Capital generation in this period has been significant and the results reflect better-than-expected macroeconomic conditions, thanks to the institution’s franchises in Mexico and Turkey. The BBVA CEO has underlined that the institution now has almost 19 million digital customers.  Sales through on-line channels are growing and in Spain they now account for 24% of the overall total. https://www.bbva.com/en/infographics-bbva-results-1q17/