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BBVA’s profit from ongoing operations rises 11.7%

mercredi 30 juillet 2014

? Earnings : Net attributable profit stood at €1.33 billion in the first half (-53.9% year-over-year due to the absence of corporate operations). Net income from ongoing operations increased 11.7%

 ? Risks : The BBVA Group’s NPA ratio fell to 6.4% and the coverage ratio rose to 62%, mainly thanks to improved risk indicators in Spain. Net entries to NPAs -excluding the real estate activity- fell 75.5% year-over-year in the second quarter. In Spain, net entries to NPAs were negative in the second quarter

 ? Solvency : The core capital ratio stood at 11.6% at the end of June, well above the minimum requirements

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