MADRID (Reuters) – BBVA announced Wednesday an increase of 25.7 percent in 2014 net profit helped by the fall in provisions against bad debts, the good performance of net interest income and expense control.
At the end of 2014, net profit stood at 2.618 million versus analyst estimates 2,534 million.
On the other hand, in the fourth quarter profit was 689 million euros, compared with 615 million predicted by analysts polled by Reuters.
Meanwhile, net interest income 2014 It rose 3.4 percent year on year to 15.116 million euros, compared with forecasts of 14,671,000.
REDUCE DELINQUENCY AND CAPITAL IMPROVEMENT
In an environment marked on the Sector for control of late payments in the financial sector, BBVA managed to place its default rate at 5.8 percent in December from 6.1 percent in September.
The company ended the year with core capital in terms of Basel III with its gradual implementation of 12 per cent, compared to 11.7 percent in September. This was the ratio of reference for the review to banking in Europe.
In terms of core capital fully load ‘or fully anticipated Basel III, the bank ended 2014 with solvency ratio of 10 . 4 percent, compared to 10.1 percent in September
(Reporting by Jesus Aguado and Sarah White, edited by Emma Pinedo)!
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