BBVA Nets 'Record' Profit During Sabadell Takeover Saga
7 Articles
7 Articles
If there is a message that BBVA’s CEO, Onur Genç, has repeated to the full at the quarterly results press conference, it is that the failed opa about Sabadell is already a thing of the past. “We have closed that chapter, we have passed the page”, the executive has insisted on several occasions, adding that they are still “advanced to comply with the strategic plan, a magnificent plan of growth and we are focused on implementing it with even more…
BBVA closes the chapter after the failure of the OPA to Banco Sabadell and faces a new stage with a record profit of 7,978 million at the end of the third quarter, which represents a record figure for the first nine months of the year and an improvement of 4.7% compared to the same period of 2024. The entity highlights profitability, with a ROTE of close to 20%, while the total revenues experience a slight increase of 3.7%, to 27,136 million. Th…
BBVA’s CEO, Onur Genç, has argued that the best position that the bank can take towards its shareholders is to “close the chapter” of the takeover bid (OPA) on Banco Sabadell, which was frustrated this month by not having enough support among the shareholders of the Catalan bank. “Let’s do what we do, we do to create value for stakeholders and our shareholders. And to create value, the best thing we can do is close the OPA chapter,” Genç said at…
In the first nine months of 2025, BBVA Mexico recorded a profit of 85,983 million pesos, an increase of 6.5% in its comparison with the same period of 2024.This result, according to the report of the group, was due to a growth of the financial margin, higher revenues by commissions, and a prominent result by intermediation, among other factors.
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