Home » Business » Spanish bank BBVA significantly increases profits Spanish bank BBVA significantly increases profits October 29, 2021 by world today news – – BBVA in Madrid The bank sold its US business a year ago. – (Photo: dpa) – – – – – — Madrid The Spanish bank BBVA achieved a profit boost in the summer quarter thanks to strong business in the important Mexican market. The financial group also had to make less provision for bad loans. The bottom line was that BBVA earned 1.4 billion euros in the third quarter – an increase of almost 23 percent within a year, as the bank announced on Friday. Analysts, on the other hand, had only expected 1.06 billion euros. The money house also launched a share buyback program for up to 10 percent of the share capital for a maximum of 3.5 billion euros. The first step with a volume of 1.5 billion euros is planned after the Investor Day, which will take place on November 18, announced BBVA. BBVA had sold the business in the USA last year and signaled that the proceeds would also be used for distributions. More: Broken deal with Unicredit: These are the possible scenarios for the oldest bank in the world Top jobs of the day Find the best jobs now and be notified by email. – Detect location – – – – – – – rtr – . Related posts:Update of sanitary rules in schoolsA list with blocist support gets into the election of the vice of the Lawyers Forum | Cuyo's diaryChina's Struggling Real Estate Developers to Face No Major Bailout, Chinese Authorities WarnThe price of the euro today in Egypt, Thursday 15 September 2022.Share this:FacebookX Related DGB boss: “No dynamism” at the CDU and the Greens in Düsseldorf Juve, the Agnelli-Elkan collect: 9 billion to Exor for the sale of PartnerRe Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.