BBVA pushes profits up 25.7% in 2014

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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.

 

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