BBVA’s 2023 profit hits record high of 8,019 million euros, up 26%

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News Team

The president of the BBVA Group, Carlos Torres Vila, has announced some great news for the company. The results for the year 2023 have exceeded analysts’ expectations, making it one of the best years in the company’s history. The attributable net profit for the year is 8,019 million euros, which is a 26.1% increase from the previous year and the first time the company has surpassed the 8 billion euro mark.

The European Central Bank’s increase in interest rates and the company’s recurring income have been the main drivers behind these impressive results. This is great news for the shareholders, as the company has informed the Commission National Stock Market (CNMV) that it will be proposing a dividend of 55 cents per share in cash at the next Shareholders’ Meeting. This is a 28% increase from the previous year. In addition, the company will also be carrying out a share buyback for 781 million euros.

In total, the shareholders will receive a remuneration of 4,000 million euros, which represents 50% of the profit being distributed among them. This is fantastic news for the shareholders and reflects the company’s strong performance in the past year.

The president of the BBVA Group, Carlos Torres Vila, has expressed his satisfaction with the company’s performance and has attributed the success to the hard work and dedication of the employees. He has also expressed his gratitude to the shareholders for their continued support and confidence in the company.

The company’s strong financial performance is a testament to its resilience and ability to adapt to changing market conditions. The increase in interest rates by the European Central Bank has presented challenges, but the company has managed to navigate through them successfully.

Looking ahead, the company remains committed to delivering value to its shareholders and customers. It will continue to focus on innovation and digital transformation to ensure its long-term success. The company is confident in its ability to continue delivering strong financial results in the future.

In conclusion, the BBVA Group has had an exceptional year in 2023, with record-breaking profits and strong performance. The company’s commitment to its shareholders and customers remains unwavering, and it is well-positioned for continued success in the future.

Image Source: www.infobae.com

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