Q3 2023 Banco Bilbao Vizcaya Argentaria SA Pre-Recorded Earnings Presentation Transcript
We achieved excellent results in the first 9 months of 2023, reaching a net attributable profit of EUR 5.96 billion. This represents a 24% increase versus last year, thanks to the very positive evolution of recurring revenue, particularly in Mexico and Spain. We are clearly delivering on our strategy of profitable growth.
On growth, the greater level of activity allowed us to increase our loan portfolio by 8% over the past year. Furthermore, we acquired 8.3 million new customers and channeled EUR 49 billion of sustainable business between January and September. We are growing, and we are growing in a profitable manner with a return on tangible equity reaching 17% in the last quarter. With this, we are clearly one of the most efficient and profitable banks in Europe.
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