BBVA reported an increase in profits of 52.9% – Portafolio.co

Excluding the results of corporate operations (CNCB and Catalunya Banc), profit grew & oacute; between January and June by 52.9% yoy to 2.031 million & nbsp; euros, thanks to strong revenue drive t RIVER banking picamente

& ldquo;. The dynamism of activity and the excellent evolution & oacute; n of the m & aacute; margins confirm & nbsp; which continues STILL to the growth cycle & rdquo ;, benefit CHILD & oacute to; Carlos Torres Vila, CEO of BBVA

Regarding the transformation & oacute;. Digital n, BBVA continued & oacute; increasing its base & nbsp; digital customers. Customers who are related to the bank way digital & nbsp; end of June totaled 13.5 million, of which 7 million are at & nbsp; trav & eacute; s your tel & eacute; phones m & oacute;. vile

The digitization & oacute; n of customers results in an exponential growth of the interaction & oacute; n with the bank. For example, in Spain LITTLE GIRL, the average annual transactions of a digital customer is eleven times greater than a traditional client

In turn, translates into higher digital sales.. At the end of the semester, the & nbsp; RECRUITMENT & oacute; n new pr & eacute; consumer loans ascended digital channels & oacute; in Spain CHILD aa 17.9% of the total, from 9.3% in January

Am & eacute;. wealthy South & ndash; without Venezuela report & oacute; profit by 465 million euros (8.4%) between January and June. In Venezuela, the result was 474 million euros

In this region & oacute; n. 12.2% credit and resources, 14.5%; n the push for investment & oacute stands. Risk indicators remained stable with a 2.3% default rate and 120% coverage

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Excluding the results of corporate operations (CNCB and Catalunya Banc) profit in January-June grew 52.9% year on year to 2.031 million euros, thanks to the strong momentum of the typically banking income.

“The dynamism of the activity and excellent performance margins confirm that continues the cycle of profit growth, “said Carlos Torres Vila, CEO of BBVA.

Regarding the digital transformation, BBVA continued to increase digital customer base. Customers who are related to the bank digitally end of June totaled 13.5 million, of which 7 million are through their mobile phones.

Digitization customer results in an exponential growth in the interaction with the bank. For example, in Spain, the average annual transactions of a digital customer is eleven times greater than a traditional client.

In turn, translates into higher digital sales. At the end of the semester, the recruitment of new consumer loans by digital channels in Spain amounted to 17.9% of the total, from 9.3% in January.

America South without Venezuela it reported profits of 465 million euros (8.4%) between January and June. In Venezuela, the result was 474 million euros.

In this region the boost lending 12.2% and customer funds, 14.5% stands. Risk indicators remained stable with a 2.3% default rate and 120% coverage.