BBVA posts record profit after failed Sabadell takeover / Photo: Thomas COEX - AFP
-
Physicians Urge Arizona to Ban Medical Gag Clauses and Enable Private Lawsuits
-
China Extends Tariff Suspension on US Imports to Stabilize Trade Ties
-
New Campaign Highlights Knowledge Gaps on Carbon Monoxide Safety Among Americans
-
JR East Launches 'teppay' to Integrate Suica Balance with Mobile Payments
-
GoodData.AI Launches the Agentic Serving Plane, a New Category of Enterprise Data Infrastructure for AI Agents
-
Securitas Healthcare Introduces a New Era of RTLS Built for the Future of Healthcare Operations
-
US Government Questions Effectiveness of Waymo’s School Bus Software Fix
-
First-time boat buyers advised to assess full ownership costs
-
Panthers expected to begin 2027 NRL season away from new stadium
-
Planning and preparation can reduce stress of interstate relocation
-
Sweet As app launches restaurant discovery platform
-
Two more arrested in Carrie Mullane suspected murder investigation
-
MLA seeks inquiry into reported sectarian gestures on Ormeau Road
-
Mayo school appeals for information after convent and chapel vandalism
-
Louise O’Reilly attacks Simon Harris over unemployment remarks
-
GLP-1 Users Show Higher Rates of Nail Detachment in New Studies
-
Virginia overwhelms Arkansas 91-72 behind balanced scoring
-
Canadian soldier Aidan Goulding remembered at Vancouver funeral
-
Second major storm brings destructive winds and outages to British Columbia
-
Tayyab Arif hits 57 on Pakistan Test debut against Sri Lanka
-
Godzilla Minus Zero leads North American box office with $31.6m
-
Robert Trujillo discusses literacy and social justice children’s books
BBVA posts record profit after failed Sabadell takeover
Spanish banking giant BBVA on Thursday reported a record annual profit, shrugging off the rollercoaster ride of its failed hostile takeover bid for its biggest national rival Sabadell.
The 10.5 billion euros ($12.4 billion) of profit last year, an increase of 4.5 percent on 2024, comes after Santander also achieved record earnings in a moment of rude health for the sector.
BBVA, a major player also in Turkey and Latin America, said banking activity and customer growth drove its earnings, with a record 11.5 million new clients joining in 2025.
Lending increased by 16.2 percent, supported by gains in market share in Spain, Mexico and Turkey.
"This outstanding performance has resulted in an excellent value creation, which allows us to significantly accelerate shareholder remuneration, with a record dividend and the largest share buyback programme to date," BBVA chairman Carlos Torres Vila said in a statement.
After more than a year of navigating regulatory requirements and misgivings from Spain's leftist government, BBVA failed to win over Sabadell shareholders to create a European banking behemoth capable of rivalling HSBC or BNP Paribas.
Markets have seemingly welcomed the outcome, with BBVA's share price climbing 40 percent on the Madrid stock market since the bid was dropped in October.
P.Serra--PC
