The BBVA Group recorded a net profit of 524 million euros in Mexico in the first quarter of 2015, representing 15.4% more than in the same period last year, at current exchange rates, according to today the company.
The Mexican subsidiary of the group (BBVA Bancomer) was once again the main driving force of the accounts of the financial institution, as it contributes 43.5% to your benefit, ahead of Spain, which accounts for 16.1%.
According to the accounts of the entity, the entire BBVA group posted a net profit of 1,536 million euros in the first quarter, more than double , or 146.2% more than the 624 million earned a year earlier, mainly due to the gains entered by the sale of its stake in the Chinese bank CNCB.
With regard to the accounts of Mexico, BBVA He explained that credit advances to customers grew 23.8% to 49.987 million euros, like deposits, which increased 14.9%, to 50.963 million.
In South America, the group made a net profit of 213 million euros, up by 14% at current exchange rates, that recorded a year earlier.
As explained by the company, the quarterly accounts the area they were influenced “by the widespread appreciation of regional currencies against the euro, with the exception of the bolivar” and a preview of the activity in all banks in the area.
For her Venezuela accounts, the company has decided to apply the exchange rate referred Simadi (193 bolivars per dollar, which reduces 93% the previous exchange rate), considering that it best reflects the situation at the date of the statements BBVA Financial Group.
According to this rate, Venezuela won 15 million.
In South America, countries in which the BBVA earned higher profits until March were Colombia, which recorded a profit of 72 million euros, 18.1%, and Argentina, 60 million, 40.4% more.
In Chile, meanwhile, the benefit of Group declined 15.1% to 30 million euros, while in Peru, rose 28.5% to 46 million.
In the group of countries comprising Paraguay , Uruguay and Bolivia, profit fell 61.2% to 4 million euros.
In the US, BBVA won 136 million euros, 29.2% higher in local currencies current.
© EFE 2015
© ZGS 2015
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