Business areas<\/p>\n
In Spain, lending and customer funds showed great momentum. Loans grew by 7.8 percent over the past 12 months, on the back of a strong new production (+13 percent yoy), particularly in the business segments. Customer funds rose 6.7 percent. On the P&L account, activity growth translated into higher core revenues: despite the reduction of interest rates in Europe and the seasonality of 3Q25 due to the summer, net interest income reached 2.3 percent yoy, while fees and commissions increased by 4.2 percent. Gross income improved 5.8 percent, with operating income growing 9.7 percent. Yet another quarter, net attributable profit stood at around \u20ac1 billion, which prompted a record \u20ac3.14 billion in the first nine months of the year, up 10.5 percent yoy. The cumulative cost of risk through September performed in line with expectations and stood at 0.34 percent. The coverage and the NPL ratios also improved, to 65 percent and 3.13 percent, respectively.<\/p>\n
In Mexico, lending activity grew by 9.8 percent yoy, with a positive performance of all customer segments, particularly retail. Deposits rose at a similar pace, 10.0 percent, while total customer resources increased 13.7 percent. In the P&L account, activity fostered the growth of core revenues, with an 8.3 percent increase in net interest income, and 6 percent in net fees and commissions. All this contributed to gross income (+8.0 percent). Consequently, efficiency stood at an outstanding 30.5 percent. Cumulative net attributable profit stood at \u20ac3.88 billion through September, up 4.5 percent more than the same period a year earlier. As for risk indicators, the performance of the cost of risk was noteworthy, which stood at 3.27 percent, a better than expected level. Moreover, the NPL ratio was 2.78 percent and the coverage ratio stood at 123 percent.<\/p>\n
Lending activity stood out in T\u00fcrkiye both in Turkish lira (+45.3 percent) and foreign currency (16.4 percent). Customer resources also performed strongly: up 34.8 percent in Turkish lira and 21.4 percent in foreign currency. T\u00fcrkiye posted a net attributable profit of \u20ac648 million through September, which compares very favorably from a year earlier (\u20ac433 million), driven by the performance of core revenues and a lower negative impact from hyperinflation. The coverage ratio stood at 78 percent, while the NPL ratio was 3.69 percent. The cumulative cost of risk stood at 1.76 percent, in line with expectations.<\/p>\n
In South America, lending performed strongly (+15.6 percent), boosted by the wholesale portfolio. Customer funds also grew at a similar pace (+15.7 percent). The region contributed \u20ac585 million to the BBVA Group in the first nine months of the year (+24.1 percent at current exchange rates). Argentina earned \u20ac104 million as a result of a lower adjustment for hyperinflation compared to 2024; Colombia contributed \u20ac122 million and Peru \u20ac227 million. Both Colombia and Peru showed a solid risk performance. Consequently, the cumulative cost of risk in the region performed in line with expectations, standing at 2.43 percent, with coverage ratio at 93 percent and NPL ratio of 4.1 percent.<\/p>\n
Finally, the Rest of Business area contributed \u20ac481 million to the Group\u2019s results in the first nine months of 2025 (up 20.0 percent yoy), mainly driven by increased activity. The loan portfolio grew by 34.4 percent yoy, particularly in project finance and corporate lending both in Europe and the United States. Fees associated with these transactions, along with those of debt issuances in the primary market, largely explain the outstanding performance of the net fee income line, which rose by 53.9 percent yoy. Customer funds also grew by 46.2 percent, supported by customer deposits in Europe, with notable contributions from the U.K. (CIB), digital banking in Germany and Italy, and Asia. Risk indicators also showed a good performance: NPL ratio stood at 0.18 percent, the coverage ratio was 136 percent and the cumulative cost of risk stood at 0.10 percent.<\/p>\n
About BBVA<\/p>\n","protected":false},"excerpt":{"rendered":"Business areas In Spain, lending and customer funds showed great momentum. Loans grew by 7.8 percent over the…\n","protected":false},"author":2,"featured_media":1880,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[148],"class_list":{"0":"post-1879","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-bbva"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/1879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=1879"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/1879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/1880"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=1879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=1879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=1879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}