BBVA BBVA Group
1Q24
BBVA Corporate Presentation | 2 |
Disclaimer
This document is only provided for information purposes and is not intended to provide financial advice and, therefore, does not constitute, nor should it be interpreted as, an offer to sell, exchange or acquire, or an invitation for offers to acquire securities issued by any of the aforementioned companies, or to contract any financial product. Any decision to purchase or invest in securities or contract any financial product must be made solely and exclusively on the basis of the information made available to such effects by the company in relation to each specific matter.The information contained in this document is subject to and should be read in conjunction with all other publicly available information of the issuer.
This document contains forward-looking statements that constitute or may constitute "forward-looking statements" (within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995) with respect to intentions, objectives, expectations or estimates as of the date hereof, including those relating to future targets of both a financial and non-financial nature (such as environmental, social or governance ("ESG") performance targets).
Forward-looking statements may be identified by the fact that they do not refer to historical or current facts and include words such as "believe", "expect", "estimate", "project", "anticipate", "duty", "intend", "likelihood", "risk", "VaR", "purpose", "commitment", "goal", "target" and similar expressions or variations of those expressions. They include, for example, statements regarding future growth rates or the achievement of future targets, including those relating to ESG performance.
The information contained in this document reflects our current expectations and targets, which are based on various assumptions, judgments and projections, including non-financial considerations such as those related to sustainability, which may differ from and not be comparable to those used by other companies. Forward-looking statements are not guarantees of future results, and actual results may differ materially from those anticipated in the forward-looking statements as a result of certain risks, uncertainties and other factors. These factors include, but are not limited to, (1) market conditions, macroeconomic factors, domestic and international stock market movements, exchange rates, inflation and interest rates; (2) regulatory and oversight factors, political and governmental guidelines, social and demographic factors; (3) changes in the financial condition, creditworthiness or solvency of our clients, debtors or counterparties, such as changes in default rates, as well as changes in consumer spending, savings and investment behavior, and changes in our credit ratings; (4) competitive pressures and actions we take in response thereto;
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performance of our IT, operations and control systems and our ability to adapt to technological changes; (6) climate change and the occurrence of natural or man-made disasters, such as an outbreak or escalation of hostilities; and (7) our ability to appropriately address any ESG expectations or obligations (related to our business, management, corporate governance, disclosure or otherwise), and the cost thereof. In the particular case of certain targets related to our ESG performance, such as, decarbonization targets or alignment of our portfolios, the achievement and progress towards such targets will depend to a large extent on the actions of third parties, such as clients, governments and other stakeholders, and may therefore be materially affected by such actions, or lack thereof, as well as by other exogenous factors that do not depend on BBVA (including, but not limited to, new technological developments, regulatory developments, military conflicts, the evolution of climate and energy crises, etc.). Therefore, these targets may be subject to future revisions.
The factors mentioned in the preceding paragraphs could cause actual future results to differ substantially from those set forth in the forecasts, intentions, objectives, targets or other forward-looking statements included in this document or in other past or future documents. Accordingly, results, including those related to ESG performance targets, among others, may differ materially from the statements contained in the forward-looking statements. Recipients of this document are cautioned not to place undue reliance on such forward-looking statements.
Past performance or growth rates are not indicative of future performance, results or share price (including earnings per share). Nothing in this document should be construed as a forecast of results or future earnings. BBVA does not intend, and undertakes no obligation, to update or revise the contents of this or any other document if there are any changes in the information contained therein, or including the forward-looking statements contained in any such document, as a result of events or circumstances after the date of such document or otherwise except as required by applicable law.
This document may contain summarised information or information that has not been audited, and its recipients are invited to consult the documentation and public information filed by BBVA with stock market supervisory bodies, in particular, the prospectuses and periodical information filed with the Spanish Securities Exchange Commission (CNMV) and the Annual Report on Form 20-F and information on Form 6-K that are filed with the US Securities and Exchange Commission. Distribution of this document in other jurisdictions may be prohibited, and recipients into whose possession this document comes shall be solely responsible for informing themselves about, and observing any such restrictions. By accepting this document you agree to be bound by the foregoing restrictions.
About BBVA
BBVA's GLOBAL PRESENCE
MARCH 2024
BBVA Corporate Presentation | 3 |
FINANCIAL HIGHLIGHTS
MARCH 2024
Net attributable profit 3M24
2.2 BN€
CET 1 FL
12.82%
Total assets
Deposits from customers
Countries | Branches | Employees | Active Clients |
>25 | 5,912 | 121,563 | 74.1M |
OUR PURPOSE
To bring the
age of opportunity
to everyone
801,690 M€
436,763 M€
Loans and advances to customers (gross)
400,457 M€
DIGITAL CAPABILITIES
MARCH 2024
SUSTAINABLE DEVELOPMENT AND DIRECT CONTRIBUTION TO SOCIETY
CUSTOMERS
Mobile C.
54.3 M
DIGITAL SALES
Units PRV1
78% 61%
Sustainable Business 2025 Target
300 BN€
Committed to Social Programs
550 MN€
- Product Relative Value as a proxy of lifetime economic representation of units sold.
Between 2018 and 2025
Between 2021 and 2025
About BBVA
Our
Purpose
Our Values
Customer | We think | We are |
comes first | big | one team |
BBVA Corporate Presentation | 4 |
To bring the age of opportunity to everyone
Strategic Priorities | |
Improving our clients' | Helping our clients transition |
financial health | towards a sustainable future |
Reaching more clients | Driving operational excellence |
The best and most | Data and Technology |
engaged team | |
BBVA Corporate Presentation | 5 |
A well-diversified footprint with
leading franchises
BREAKDOWN BY BUSINESS AREA | STRONG POSITION | ||||||||
RANKING AND MARKET SHARE (%)2 | |||||||||
Rest of Business | |||||||||
South America 7% | #3 | ||||||||
TOTAL | 8% | Spain | SPAIN | 13.8% | |||||
ASSETS | 1 | Turkey | 54% | ||||||
9% | |||||||||
MAR.24 | MEXICO | #1 | 24.7% | ||||||
Mexico | |||||||||
22% | |||||||||
TURKEY | #2 | 19.3% | |||||||
Rest of Business
South America 4% | Spain | |
GROSS | 14% | 25% |
Turkey | ||
INCOME1 | ||
11% | ||
3M24 | ||
Mexico | ||
46% |
COLOMBIA | #4 | 11.5% |
PERU | #2 | 21.5% |
- Loan market share as of Feb'24, except Colombia as of Jan'24, and Turkey as of Mar'24. Ranking among peer group. Turkey among private banks.
(1) Figures exclude the Corporate Center.
1Q24 key messages
1 | OUTSTANDING CORE REVENUES |
AND SOLID ACTIVITY GROWTH |
- LEADING AND IMPROVING EFFICIENCY WITH POSITIVE JAWS
-
ASSET QUALITY WITHIN
GUIDANCE
- SOUND CAPITAL POSITION ABOVE OUR TARGET
- ADVANCING IN THE EXECUTION OF OUR STRATEGY
BBVA Corporate Presentation | 6 |
CORE REVENUES (NII+FEES)TOTAL LOAN GROWTH1+27.0% | +18.6% | +9.5% | +7.0% | |
(YOY, CONSTANT) | (YOY, CURRENT) | (YOY, CONSTANT) | (YOY, CURRENT) | |
vs. 1Q23 | vs. MAR 2023 | |||
EFFICIENCY RATIO | ||||
41.2% | -398 PBS. vs. 1Q23 |
COST OF RISK
1.39%
CET1 RATIO
12.82% vs. 11.5%-12% TARGET RANGE
NEW CUSTOMERS | SUSTAINABLE BUSINESS |
2.8 MILLION IN 1Q24 | €20 BILLION IN 1Q24 |
NOTE: Variations in constant €. (1) Performing loans under management excluding repos.
BBVA Corporate Presentation | 7 |
Keeping good traction in
customer acquisition
NEW CUSTOMERS1
(BBVA GROUP, MILLION; % ACQUISITION THROUGH DIGITAL CHANNELS)
TOTAL | DIGITAL |
67% |
DIGITAL 21%
1Q19 | 1Q20 | 1Q21 | 1Q22 | 1Q23 | 1Q24 |
(1) Gross customer acquisition through own channels for retail segment. Excludes the US business sold to PNC for comparison purposes.
BBVA Corporate Presentation | 8 |
Positive impact on society through
our activity
BBVA GROUP
LOAN GROWTH1
+9.5% | +7.0% |
(YOY, CONSTANT €) | (YOY, CURRENT €) |
INCLUSIVE GROWTH
FINANCING
4.9 €BN
35,000
FAMILIES BOUGHT THEIR HOME2
155,000
SMEs AND SELF - EMPLOYED BOOSTED THEIR BUSINESS2
70,000
LARGER CORPORATES INVESTED IN GROWTH3
MOBILIZED
IN 1Q24
- Performing loans under management excluding repos.
- New loans in 1Q24.
- Corporates with BBVA lending as of March 2024.
BBVA Corporate Presentation | 9 |
Advancing in sustainable business
SUSTAINABLE BUSINESS
(€BN, ACCUMULATED DATA 2018-1Q24)
€226 Bn
€20 Bn
channeled in 1Q24
New target (2022)
300 €Bn
Revised target (2021)
BY SEGMENT
(€ BN)
20.0 | YoY growth |
+41% | |
2.6 Retail | -19% |
Channeled since 2018
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
200 €Bn
Initial target
(2018)
100 €Bn
14.2
3.2 | 7.0 | Enterprises | +81% |
3.9 |
7.2 | 10.4 | CIB | +45% |
1Q231Q24
Note: Sustainable business channeling is considered to be any mobilization of financial flows, cumulatively, in relation with activities, clients or products considered to be sustainable or promoting sustainability in accordance with internal standards and market standards, existing regulations and best practices. The foregoing is understood without prejudice to the fact that said mobilization, both at an initial stage or at a later time, may not be registered on the balance sheet. To determine the financial flows channeled to sustainable business, internal criteria is used based on both internal and external information. It includes FMBBVA within retail segments.
BBVA Presentación Institucional | 10 |
1Q24 Results
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BBVA - Banco Bilbao Vizcaya Argentaria SA published this content on 21 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2024 07:44:01 UTC.
