BBVA Banco Bilbao Vizcaya Argentaria MADRYT, NYSE, BMV: BBVA drugi co do wielkości hiszpański bank

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wykres MADRYT
https://finance.yahoo.com/quote/BBVA.MC/chart?p=BBVA.MC
https://www.investing.com/equities/bbva

wykres NYSE
https://finance.yahoo.com/quote/BBVA/chart?p=BBVA
https://www.investing.com/equities/banc ... entaria-sa

BBVA Banco Bilbao Vizcaya Argentaria MADRYT: BBVA – drugi co do wielkości hiszpański bank, jeden z największych w strefie euro. Został założony w 1999 r. Siedzibą jest Bilbao. BBVA prowadzi działalność w Hiszpanii, Portugalii, we Włoszech, Ameryce Południowej, w USA oraz w Azji; ponadto bank jest zainteresowany również działalnością w Polsce.

https://pl.wikipedia.org/wiki/Banco_Bil ... Argentaria
https://en.wikipedia.org/wiki/Banco_Bil ... Argentaria
https://www.bbva.com/en/

dywidendy
płatne dwa razy w roku
https://www.investing.com/equities/bbva-dividends HISZPANIA
https://www.dividendmax.com/spain/madri ... /dividends
https://seekingalpha.com/symbol/BBVA/no ... ds/history USA
https://www.investing.com/equities/banc ... -dividends

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Spain's BBVA raises bet on Turkey with $2.6 billion offer for Garanti

MADRID (Reuters) -Spain's BBVA (MC:BBVA) offered on Monday to buy the rest of Garanti for up to 2.25 billion euros ($2.6 billion), taking advantage of a slide in the lira and raising fears in Turkey that foreigners might snap up assets at bargain prices.

The cash offer to buy out the remaining 50.15% stake in Garanti for 12.20 Turkish lira ($1.22) per share represented a premium of 15% over Friday's market price.

The proposal means BBVA could potentially buy 51% of Garanti for less than half the 7 billion euros it spent buying up the 49.85% stake it currently holds.

BBVA, like rival Santander (MC:SAN), is struggling to earn money from more mature markets in Europe and has been expanding in emerging markets, where it sees greater growth opportunities.

Other major foreign banks have by contrast been pulling back from Turkey. Last week UniCredit sold its remaining stake in Yapi Kredi to Kok Holding for 300 million euros.

JP Morgan said in note to clients it expected some share price weakness on the "back of the economic and political risks associated with a larger stake in Garanti".

But the U.S. broker said increasing the stake in Garanti was more accretive in terms of earnings per share than doing a share buyback for 1.4 billion euros, which it said was equivalent in terms of capital impact.

Shares in BBVA fell 3.6%, while shares in Garanti rose around 10% on the news.

BBVA Chairman Carlos Torres tried to dismiss some market concerns, saying on Monday that the lira depreciation and a potential further economic deterioration was "already priced in because the returns are so positive".

BBVA is taking advantage of policy missteps in Turkey, where the central bank has slashed interest rates by 300 basis points since September despite inflation rising to nearly 20% and is expected to cut again this week.

Turkey's lira has weakened sharply in recent months and hit a record low of 10.05 to the dollar.

BBVA has been hedging on the foreign exchange markets to protect its earnings and capital from headwinds in Turkey and bank executives said on Monday it would continue to do so.

ASSETS IN TURKEY AT LOW PRICES

Torres said the deal's entry price in euros was "very attractive", and in lira for the minority shareholders.

Some economists in Turkey expressed concern that recently depreciated assets in the country could now be snapped up at very cheap prices by foreign companies.

"We say that exports are going cheap, tourism is going cheap, housing is going cheap by giving citizenship to foreigners," Mustafa Sonmez, a Turkish economist and columnist, said on Twitter (NYSE:TWTR).

"Now, more companies will go to the vultures, with the bank's share at 10 Turkish Lira, getting cheaper in dollars. Garanti is an example of this. It's called total impoverishment (of the country)."

To cope with the pandemic and ultra-low interest rates, BBVA last year sold its U.S. business, generating more than 8 billion euros to focus on cost cutting in Spain and strengthening shareholder returns.

The Spanish lender's board also recently agreed to buy back 10% of its capital for up to 3.5 billion euros, leaving it with a proforma capital ratio as of September of 13.18, and with an excess capital of around 3.6 billion euros afterwards.

BBVA is expected to give more detail regarding additional capital deployments at an investor day later this week.

In the event that not all Garanti shareholders accept the offer though BBVA exceeds a 50% stake, BBVA could increase its holding without launching a takeover bid.

BBVA estimated a maximum negative impact of approximately 46 basis points in the core tier-1 fully loaded capital ratio, and around 13.7% accretion to its 2022 earnings per share and an about 2.3% accretion to its tangible book value per share, assuming all Garanti shareholders accept the offer, BBVA said.

Bank of America (NYSE:BAC) advised BBVA on the deal, which would help the Spanish lender generate up to 25% of its earnings from Turkey from 14% at present.

The transaction is expected to be closed in the first quarter of 2022.

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MADRID (Reuters) -Spain's BBVA (MC:BBVA) raised key profitability and cost targets on Thursday and said it would add 10 million customers by 2024, banking on growth in places such as Mexico and Turkey, yet its shares fell on concerns about its emerging market exposure.

BBVA, like Santander (MC:SAN), is struggling to earn money from more mature markets in Europe and has been expanding in emerging markets, where it sees greater growth.

Chairman Carlos Torres said at BBVA's first investor day in 14 years that the bank's strategy was predicated on a more benign global economic outlook and with the "worst of the pandemic behind us, growth is back".

BBVA outlined its 2022-2024 plans just a few days after it offered to buy the rest of Garanti for up to 2.25 billion euros ($2.6 billion), taking advantage of a slide in the Turkish lira.

The bank said it expected its return on tangible equity (ROTE) to rise to 14% by the end of 2024 from 11.7%, and its cost-to-income ratio to fall to 42% from 44.7%, even while keeping up investments in digital banking.

But its shares closed down 5.5%, against a 1% fall on the European STOXX banking index.

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MADRID (Reuters) -BBVA's net profit rose 1.6% in the fourth quarter thanks to a strong performance in its biggest market Mexico though its capital ratio took a hit from a share buyback programme, the Spanish bank said on Thursday.

Like its bigger Spanish rival Santander (MC:SAN), BBVA (MC:BBVA) has been expanding in emerging economies where it see greater opportunities for growth as it struggles to boost income in more mature markets.

Analysts broadly welcomed the results but cast some doubt on the bank's capital hit and BBVA shares fell as much as 5.3% before recovering to trade 3.2% lower at 0850 GMT.

"We were disappointed with capital as its fully loaded ratio ended 45 basis points below our estimate and consensus," JB Capital said in a note, adding that the negative capital hit also came from risk-weighted asset price inflation.

BBVA finished 2021 with a core Tier-1 fully loaded capital ratio of 12.75% compared with 14.48% in September after deducting 3.5 billion euros ($3.95 billion), the full hit from its ongoing share buyback programme.

The bank, which targets a capital ratio within the range of 11.5% to 12%, said it would implement the remaining 2 billion euros of the programme by Oct. 15.

Overall, BBVA booked a net profit of 1.34 billion euros in the October to December period, above a 1.02 billion euro forecast by analysts in a Reuters poll.

EMERGING MARKETS

Mexico and Turkey are among the key regions BBVA is betting on to help meet higher profitability and cost targets under a 2022-2024 strategic plan outlined in mid-November.

In Mexico, which accounted for more than 50% of BBVA's profit, a strong insurance performance helped boost net profit by 10.9% from the previous quarter and 36.2% from a year earlier. Net interest income a measure of earnings on loans minus deposit costs, rose 12.8% from a year ago.

BBVA said that in Turkey, which makes up about 12% of its results, net profit when translated into euros more than doubled in the quarter from a year earlier though it was down 21.6% compared with the previous three months. Net interest income in Turkey rose 27% from last year.

BBVA's full-year net profit more than trebled compared with 2020 to 4.65 billion euros, surpassing the bank's 3.51 billion net profit in 2019 before the coronavirus pandemic, as well as analyst expectations of 4.33 billion euros.

The group's overall net interest income rose 14.4% to 3.98 billion euros, above the 3.75 billion euros forecast by analysts. Full-year results were also helped by a decline of more than 41% in total impairment charges.

BBVA announced a cash dividend of 0.23 euros per share, taking the total 2021 distribution to 0.31 euros, leaving its payout at 44% against full-year earnings - in line with its new policy of returning 40% to 50% to shareholders.

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BBVA posts record 2022 profit on Mexico, sees positive trends in main market

MADRID (Reuters) - BBVA (BME:BBVA) on Wednesday posted a 38% jump in net profit to a record 6.42 billion euros ($6.98 billion) for 2022 powered by a double-digit increase in lending income and a strong performance in Mexico, a trend the bank expects to continue this year.

Net profit in the fourth quarter at Spain's second-biggest lender by market value rose 17.6% to 1.58 billion euros.

Both the full-year and quarterly profit came in slightly above market forecasts.

Like larger rival Santander (BME:SAN), BBVA has been expanding in emerging economies where it has seen greater opportunities for growth as it struggled to boost income in more mature markets.

In Mexico, which accounted for more than 60% of its net earnings in 2022, net profit rose 64%, while income from lending increased by 44%.

For 2023, BBVA said it expected to achieve a mid-teens growth in lending income and a double digit growth in loans in Mexico.

At 0820 GMT, shares in BBVA rose more than 2% after having risen more than 14% so far this year.

Broker Jefferies welcomed a solid set of results, particular in Mexico, on fourth-quarter trends and 2023 outlook.

Banks across Europe are also beginning to benefit from higher borrowing costs despite fears of recession.

In the final quarter, net interest income (NII), earnings on loans minus deposit costs, rose 34% to 5.34 billion euros, above the 5.26 billion forecast by analysts, while rising 30% in 2022.

In an uncertain economic environment, loan-loss provisions rose 20% to 998 million euros in the quarter.

That was below analysts' forecasts of 1.07 billion euros.

BBVA's cost of risk, which measures the cost of managing credit risks and potential losses for the bank, rose to 91 basis points from 86 bps at the end of September. For 2023, the bank expects a cost of risk of around 100 basis points.

Despite its strong franchise in Mexico, some analysts have cited risks from its exposure to Turkey and higher prices in Latin America.

Inflation effects, particularly in emerging markets, led to an increase of around 11% year-on-year in personnel costs in the fourth quarter at a group level.

In Turkey, where BBVA has started to implement hyperinflationary accounting, net profit rose 11%, while NII fell 9%.

In Spain, net profit rose 2% year-on-year in the quarter, while NII increased by more than 25%, with the bank forecasting growth at low twenties for this year in its home market.

The bank proposed a final cash dividend of 0.31 euros per share and announced a share buy-back plan of 422 million euros.

Its total distribution will reach 3.02 billion euros, 47% of the net profit and 0.50 euros per share, including the interim cash dividend 0.12 euros per share already paid, BBVA said.

BBVA finished with a reported core tier-1 fully loaded capital ratio, the strictest measures of solvency, of 12.61% compared to 12.45% at end-September.

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The European banking sector slumped Friday, following the lead on Wall Street overnight after SVB Financial's (NASDAQ:SIVB) announcement of a $2.25 billion equity raise after revealing a $1.8B net loss and crypto bank Silvergate Capital's (NYSE:SI) decision to wind down operations.

Losses were widespread, with HSBC (LON:HSBA) stock falling 5.1%, BNP Paribas SA (EPA:BNPP) stock down 4.5% and Deutsche Bank (ETR:DBKGn) slipping 7.2%.

Swedbank (ST:SWEDa) stock fell 5.4% after the Nordic lender said it will book a provision of around $3.7M to do with a U.S. investigation over the bank's "historical shortcomings".

Standard Chartered - 4%
Santander >5%
Societe Generale ok -6%
BBVA ok -4%
Unicredit - 3,7%

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BBVA, Santander, BofA want to back Mexico's $6 billion power deal - Bloomberg News

(Reuters) - Banco Bilbao (NYSE:BBVA) Vizcaya Argentaria, Banco Santander SA (NYSE:SAN) and Bank of America Corp (NYSE:BAC) together plan to fund Mexico's $6 billion deal to purchase power plants from Spain's Iberdrola (OTC:IBDRY), Bloomberg News reported on Thursday citing people familiar with the talks.

The three lenders are among a consortium looking to finance the deal, the report said, with local banks such as Grupo Financiero Banorte and billionaire Carlos Slim's Grupo Financiero Inbursa also interested.

Talks are still at an early stage, the report added.

Earlier this week, Mexico President Andres Manuel Lopez Obrador said the deal to buy 13 power plants from Iberdrola is saving the country money amid an energy dispute with the United States and Canada under a regional trade pact.

The Bank of America declined to comment on the report, while Banco Bilbao Vizcaya Argentaria, Banco Santander (BME:SAN) SA and Iberdrola did not immediately respond to Reuters' requests for comment.

BBVA, Santander, BofA want to back Mexico's $6 billion power deal - Bloomberg News

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BBVA (BME:BBVA) stock rose 1.4% after the Spanish bank reported its first-quarter net profit rose almost 40% from the same quarter in 2022 thanks to a solid performance in Mexico, its main market.

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BBVA plans 1 billion euro buy-back, sees higher margins in Mexico and Spain

MADRID (Reuters) -BBVA's second-quarter net profit rose 24% against the same period last year on higher lending income in Mexico, its main market, and Spain, a trend the lender expects to continue this year, offsetting some weakness in Turkey.

The Spanish bank also announced a 1 billion euro ($1.1 billion) share buyback programme. It follows a smaller additional buyback earlier this year and a 3.2 billion euro programme in 2022.

Rival Caixabank, Spain's biggest lender by domestic assets, also announced a share buyback plan of 500 million euros.

In the April to June second quarter, BBVA (BME:BBVA) booked a net profit of 2.03 billion euros, beating the 1.83 billion euros forecast by analysts polled by Reuters.

Higher earnings helped push BBVA's return on tangible equity ratio (ROTE), a measure of profitability, to 16.9% in June from 16.3% in March. It forecast a high-teens ROTE for 2024.

Jefferies analysts welcomed the results, highlighting they "expect to see significant loan growth in Mexico in the coming years."

At Caixabank, net profit rose 48% year-on-year in the quarter, also beating forecasts.

Shares in BBVA were up 2.7%, while Caixabank's climbed 2%.

BBVA CEO Onur Genc said the bank could undertake additional share buybacks in future.

The bank has around 2.3 billion euros of excess capital, above the upper end of its 11.5-12% capital target, taking into account a pro-forma core tier-1 fully loaded capital ratio, the strictest measure of solvency, of 12.67% at the end of June.

NII SUPPORTS RESULTS

European banks are benefiting from higher interest rates.

At a group level, BBVA's net interest income (NII), or earnings on loans minus deposit costs, rose 25.5% year on year to 5.8 billion euros, in line with analysts' forecasts.

In Mexico, the bank's net profit rose 32% while NII climbed 38% and Genc told analysts he still expected NII to grow further in Mexico and achieve growth of 20% in 2023.

In Spain, net profit more than tripled from a year earlier, while NII was up 51%. For 2023, BBVA raised its NII growth guidance in Spain to 40-45% from 30% before, as it does not see any pressure on deposits costs until the first quarter of 2024.

Margins in its home market were also helped by higher customer spreads as yields on loans rose 53 basis points (bps) to 3.64%, while rates on deposits climbed just 16 bps to 0.53%.

This widened the customer spread in Spain to 311 bps compared with 274 bps in the first quarter.

In Turkey, where BBVA shifted to hyperinflation accounting in 2022, the lender booked a profit of 248 million euros. That was up 83.7% year-on-year but down 10.5% on the first quarter, affected by the strong depreciation of the Turkish lira.

Net interest income in Turkey fell 46.5% against the previous quarter on higher funding costs.

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BBVA's strategic presence in high-growth markets boosts future earnings potential

BBVA (BME:BBVA) CEO Onur Genç affirmed the bank's financial sustainability at the 14th Financial Meeting on Monday, attributing the bank's success to innovative practices, strong sustainability efforts, and a focused digitization strategy. Genç emphasized that profitable franchises and BBVA's strategic presence in high-growth markets are key drivers for future earnings increase.

Genç expressed confidence in BBVA's future, highlighting its structural advantages such as digital innovation and sustainability. He pointed out that BBVA outperforms its peers with a Return on Tangible Equity (ROTE) of 16.9% versus Europe's average of 13.5%. Additionally, the bank has yielded a total shareholder return of 113% since January 2019.

The economies of Spain and Mexico, BBVA's primary markets, are showing promise. Mexico is benefiting from nearshoring and the impacts of the U.S.'s Inflation Reduction Act. Turkey, another significant market for BBVA, is also making economic adjustments in response to macroeconomic imbalances.

BBVA's shareholder remuneration policy allows for 40-50% of profit distribution in dividends and possible share buybacks. Cash dividends constituted 40% of last year's profit. The bank completed a €3.16 billion extraordinary share buyback in 2022, and since 2021, it has distributed €8.2 billion to shareholders through dividends and share buybacks.

The bank's digital transformation is attracting new customers, particularly in Mexico and Spain. Genç also mentioned BBVA’s successful takeover bid for its Turkish franchise—Garanti—in 2021. Despite currency depreciation, Garanti has seen its market capitalization double.

Genç criticized the Spanish tax on banks but noted positive asset quality metrics in Spain. He lauded BBVA's role in assisting specific groups, including rural Spain. He highlighted BBVA's ranking as number one in profitability, efficiency, and loan portfolio growth among Europe's top 15 banks last year, and an increase in customer satisfaction.