BBVA increases profit by 13.6% between January and September to 9.1 billion

BBVA reported a net profit of €9.066 billion for the first nine months of the year, marking a 13.6% increase year-on-year. The bank's credit activity accelerated, with loans rising by 20.7% compared to the previous year. Interest margin grew by 20.8%, contributing to total revenues of €32.072 billion, an 18.2% increase. Operational expenses rose by 17.4%, while provisions for financial asset impairment increased by 25.8%. The efficiency ratio improved to 37.9%, and the return on equity (ROE) was 20.8%. The CET1 capital ratio stood at 12.21%, exceeding the group's target range.