BBVA's Q4 net profit up 18% compared to same period in 2023
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FILE PHOTO: A man walks past a branch of Spain's BBVA bank in the Gran Via of Bilbao, Spain, May 9, 2024. REUTERS/Vincent West/File Photo
MADRID (Reuters) - BBVA on Thursday said its fourth quarter net profit rose 18% from the same period in 2023 thanks to a solid performance in Spain, where it aims to expand through a takeover bid for smaller rival Sabadell worth around 12 billion euros.
The lender booked a net profit of 2.43 billion euros ($2.53 billion) in the September to December period, up from to 2.06 billion euros in the same period a year earlier.
Analysts polled by Reuters expected a net profit of 2.23 billion euros.
($1 = 0.9597 euros)
(Reporting by Jesús Aguado, editing by Inti Landauro)
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