BBVA gets the benefit of 146.2% by selling shares in CNCB – HOWEVER

Zazzle

Business

Madrid, Apr 29 (Notimex) .- The Banco Bilbao Vizcaya Argentaria (BBVA) had a thousand attributable profit of 536 million euros ( thousand 689 million dollars) in the first quarter of 2015, 146.2 percent more than in the same period of 2014.

The profit was achieved thanks sales to 4.9 percent of its stake in the Chinese bank CNCB, a thousand 555 million euros (600 million dollars thousand).

No contyar that operation, the result increased 52.8 percent to 953 million euros (one billion 48 million dollars).

BBVA stressed that Mexico also swelled its balance sheet with double-digit growth in lending and customer funds.

He added that the NPA ratio improved to 2.8 percent, with a coverage of 116 percent.

BBVA Bancomer consolidated its leadership in the country, in both credits and resources and the intensity of the activity transferred to the revenue and profit for the area, which earned 524 million euros (7.1 percent).

The CEO of BBVA, Angel Cano, noted that “these results confirm the positive dynamics of growth is experienced since late last year. “

He said that” the quality of earnings, improved risk indicators, the strength of our capital and advances in digital processing are the keys of the quarter “he said.