BBVA’s Net Profit Rises on Mexico’s Performance; Highest Annual Profits in 10 Years
BBVA’s Q4 2021 net attributable profits were reported at €1.34bn ($1.5bn), up by a marginal 1.6% YoY, higher than forecasts of €1.02bn ($1.2bn) thanks to its Mexican unit’s performance which is its largest market accounting for over 50% of its profits. For...
BBVA and BNP Paribas Report Solid Q3 Results
French banking major BNP Paribas reported a 32% YoY jump in net income to €2.5bn ($2.9bn). Profits were helped by a release in provisions for pandemic-related loan losses seen by its cost of risk falling 43% to €706mn ($823). Revenues came at €11.4bn ($13.3bn), up...
BNP, BBVA, UniCredit Report Strong Profits
European banks BNP Paribas, BBVA and UniCredit Reported upbeat earnings results: French banking major BNP Paribas reported net income of €2.9bn ($3.4bn) in Q2, a 27% YoY jump. Its domestic markets division saw revenues rise ~10% while investment banking (IB) reported...
