BBVA Onur Genç
CEO
Highest Net Attributable Profit ever
2
RECURRING NET ATTRIBUTABLE PROFIT
(€ BILLIONS)
4.6 4.6 4.8
6.6
5.1
8,019M€
3.8 3.9
2.6
3.1
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Note: Recurrent Net Attributable Profit figures, excluding discontinued operations and non-recurring results, as reported in each year's result presentation.
3
Leaders in Europe in growth, profitability and efficiency
GROWTH | PROFITABILITY | EFFICIENCY |
(GROSS LOANS 2023) | (RETURN ON TANGIBLE EQUITY 2023) | (COST TO INCOME RATIO 2023) |
% | 17.0% | 42% |
+7.6 constant |
+5.5% current
EUROPEAN | EUROPEAN | EUROPEAN | ||
PEERS | PEERS | |||
PEERS | ||||
-0.8% | 12.4% | 54% |
Note: BBVA growth rate of 7.6% considering performing loans under management excluding repos in constant euros. Considering gross loans in current euros the figure would be 5.5%.
European Peer Group: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG. European
Profitable growth successful strategy
LOAN GROWTH
GROSS LOANS (2023 VS 2022)
Peer 8
Peer | Peer 3 | ||||
Peer 10 | Peer 5 | ||||
11 | |||||
Peer 6 | Peer 1 | ||||
Peer | Peer 9 | ||||
Peer | Peer 2 | ||||
12 | |||||
13 | Peer 4 | ||||
Peer 7
4
PROFITABILITY
European Peer Group: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG. European Bubble size represents market capitalization.
RETURN ON TANGIBLE EQUITY (2023)
Prudent risk management
5
NPL RATIO
(%)
COVERAGE RATIO
(%)
4.4 4.2
72 75
4.2 | 4.1 | 3.4 | 3.4 |
82 75 81 77
COST OF RISK
(YTD, %)
1.09 1.04
1.55
0.93 0.91 1.15
2018 2019
2020 | 2021 | 2022 | 2023 |
Note: For comparison purposes, figures exclude BBVA USA business sold to PNC.
6
Excellent performance of the business areas
NET ATTRIBUTABLE PROFIT
NET PROFIT (€M) | VAR.% vs 2022 |
SPAIN | 2,755 | +65% |
MEXICO | 5,340 | +17% |
TURKEY | 528 | +5% |
SOUTH AMERICA | 613 | -17% |
Note: Mexico variation in constant euros.
7
Gain of market share in all our geographies
LOAN MARKET SHARE
SPAIN | MEXICO | TURKEY | COLOMBIA | PERU | ||||||||
24.7% | 18.3% | 21.2% | ||||||||||
13.8% | 11.6% | |||||||||||
2018 | 2023 | 2018 | 2023 | 2018 | 2023 | 2018 | 2023 | 2018 | 2023 |
+34bps | +38bps | +78bps | +50bps | +90bps |
23/22 | 23/22 | 23/22 | 23/22 | 23/22 |
Note: Market share charts illustrate market shares since Dec'18 to Dec'23 or latest available. Variations 23/22 compare market shares as of Dec'22 vs Dec'23 or latest available. Turkey's market shares among private banks.
8
Differential profitability in our main markets
PROFITABILITY | BBVA | |
(ROE 2023, BBVA VS LOCAL PEERS) | Local Peers | |
44.9% | ||||||||||
19.0% | 26.9% | 16.1% | ||||||||
3.1% | ||||||||||
SPAIN | MEXICO | TURKEY | COLOMBIA | PERU | ||||
9
Good expectations for 2024
Net Attributable Profit to continue growing in 2024
ROTE
>17%
EFFICIENCY RATIO
<42%
We will outperform all goals from the 2021-2024
10
Bring more clients to the bank is the best growth strategy
ACTIVE CLIENTS BY SEGMENT
(VARIATION 2023 VS 2022)
RETAIL SMES ENTERPRISES
BANKING
+6.2% +7.7% +3.2%
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Disclaimer
BBVA - Banco Bilbao Vizcaya Argentaria SA published this content on 15 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2024 13:18:01 UTC.
