BBVA pushes profits up 25.7% in 2014
The BBVA Group, which owns Spain’s third asset manager per AUM, has pushed its profit up by 25.7% by gaining €2.6bn in 2014.
The effective benefit on the group is estimated to have been up to €3bn, 53.1% up.
Interest margin went up for the whole group, gaining €15bn over the whole year.
Looking at risk parameters, BBVA also said that the group’s rate of default gained 53 points in one year, reaching 4.1% in December with 65% hedge.
As per solvency ratios, high quality capital went up by 12% over the year, 10.4% fully-loaded.
The BBVA Group also stressed that 2014 has been a year of significant evolution for its business model, pointing in particular at the launch of its Banca Digital and the acquisition of Simple y Madiva.