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BBVA achieves a profit of 6.42 billion in 2022, the largest in its history

BBVA achieves a profit of 6.42 billion in 2022, the largest in its history

With this result, it will dedicate more than 3,000 million euros (47% of the reported attributable profit) to shareholder remuneration.

Euskaraz irakurri: BBVAk 6,420 millioi euroko etekina lortu zuen iaz, marka guztiak onduta

BBVA posted a net profit of €6.42 billion in 2022, which represents a 38% increase Compared to a year earlier (+39% without the effect of currencies), the highest to date, as reported by the entity on Wednesday.

With this result, it will dedicate more than 3,000 million euros (47% of the reported attributable profit) to the remuneration of shareholders.

On the one hand, it proposes raise the dividend in cash for the year up to 43 euro cents gross per share (the highest in 14 years and 39% more than in 2021).

After the 12 cents per share paid in October, the bank will submit a complementary dividend of 31 cents per share to the shareholders’ meeting for approval, which will be paid predictably in April.

In addition, the bank will implement a new plan of share repurchase for a value of 422 million euros.

The bank has attributed the result achieved in 2022 to the “strong” income increasedriven by double-digit credit growth (+13.3% in constant euros).

“2022 has been a growth year for BBVA. We have achieved the greatest profit in our history, with a strong expansion of credit and with great advances in our strategy, focused on digitization, innovation and sustainability”, highlighted the president of BBVA, Carlos Torres Vila.

“Looking ahead, and despite the uncertainty, in 2023 we will continue creating opportunities for everyone and contributing to the economic and social growth of the countries where we are present”, he added.


Source: Eitb

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