olivLaw · European equity research
Banco Bilbao Vizcaya Argentaria, S.A. BBVA.MC
Spain · BME Madrid · ISIN ES0113211835 · Vertical: Listed companies from Spain
Banco Bilbao Vizcaya Argentaria is a large bank active in Spain and Latin America, with retail, corporate and wholesale businesses. In fiscal 2025 the group reported total assets of 859,576 million euros and attributable profit of 10,511 million euros, so its risk profile depends on global macroeconomic, geopolitical and regulatory tensions.
At the close of 05 Nov 2026, Banco Bilbao Vizcaya Argentaria, S.A. (BBVA.MC) stock was 22.90 EUR (+2.05% on the day), with market capitalisation 136.8 bn EUR, P/E 13.0 on diluted EPS of 1.76 EUR over the last 12 months, dividend yield 7.69%, beta 1.31, 52-week range 17.47–25.41 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 50.4
- neutral
- Bollinger (20, 2)
- 21.29 – 23.84
- in the upper half of the band · %B 0.63 · band width 11.3%
- SMA 50 / 200
- 23.90 / 21.50
- mixed trend
- MACD (12, 26, 9)
- -0.51 / -0.57
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −5.7% | +0.4% | −6.1 pp | — |
| 3 months | −6.9% | −3.3% | −3.6 pp | — |
| 6 months | +20.7% | +4.0% | +16.7 pp | — |
| Year to date | +14.2% | +8.1% | +6.1 pp | — |
| 1 year | +29.8% | +10.7% | +19.1 pp | +4.9% |
| 3 years | +196.7% | +50.1% | +146.6 pp | +30.5% |
| 5 years | +280.0% | +43.6% | +236.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 4-quarter history (min 5.6, median 6.1, max 11.4; quarters with earnings only).
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable | unavailable |
| Net income | 6.4 bn | 8.0 bn | 10.1 bn | 10.5 bn |
| Net income YoY | unavailable | +26.1% | +25.4% | +4.5% |
| Diluted EPS | 0.98 | 1.29 | 1.68 | 1.76 |
| Diluted EPS YoY | unavailable | +31.6% | +30.2% | +4.8% |
| net % | unavailable | unavailable | unavailable | unavailable |
| Free cash flow | 21.9 bn | -1.9 bn | -19.4 bn | 14.1 bn |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 58.8 bn EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 61.8 bn EUR
- Total assets
- 859.6 bn EUR
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 17.3%
- ROA
- 1.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (EUR)
Income statement · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Gross profit | 24.7 bn | 29.5 bn | 35.5 bn | 36.9 bn | esef· 20 Oct 2026verified |
| Operating income | 10.4 bn | 12.4 bn | 15.3 bn | 16.2 bn | esef· 20 Oct 2026verified |
| Depreciation & amortisation | 1.3 bn | 1.4 bn | 1.5 bn | 1.5 bn | esef· 20 Oct 2026verified |
| EBITDA | 11.7 bn ≈ | 13.8 bn ≈ | 16.9 bn ≈ | 17.7 bn ≈ | esef· 20 Oct 2026derived |
| Pre-tax income | 10.3 bn | 12.4 bn | 15.4 bn | 16.2 bn | esef· 20 Oct 2026verified |
| Income tax | 3.5 bn | 4.0 bn | 4.8 bn | 5.1 bn | esef· 20 Oct 2026verified |
| Net income | 6.4 bn | 8.0 bn | 10.1 bn | 10.5 bn | esef· 20 Oct 2026verified |
| Diluted EPS | 0.98 | 1.29 | 1.68 | 1.76 | esef· 20 Oct 2026verified |
| Dividend per share | 0.98 | 1.29 | 1.68 | 1.76 | esef· 20 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 79.8 bn | 75.4 bn | 51.1 bn | 58.8 bn | esef· 20 Oct 2026verified |
| Property, plant & equipment, net | 8.4 bn | 9.0 bn | 9.5 bn | 9.2 bn | esef· 20 Oct 2026verified |
| Goodwill | 707.0 m | 795.0 m | 700.0 m | 715.0 m | esef· 20 Oct 2026verified |
| Intangibles (excl. goodwill) | 1.4 bn | 1.6 bn | 1.8 bn | 2.1 bn | esef· 20 Oct 2026verified |
| Total assets | 712.1 bn | 775.6 bn | 772.4 bn | 859.6 bn | esef· 20 Oct 2026verified |
| Total liabilities | 661.6 bn | 720.3 bn | 712.4 bn | 797.8 bn | esef· 20 Oct 2026verified |
| Equity | 50.5 bn | 55.3 bn | 60.0 bn | 61.8 bn | esef· 20 Oct 2026verified |
| Shares outstanding at year end | 6.5 bn | 6.2 bn | 6.0 bn | 6.0 bn | esef· 20 Oct 2026derived |
Cash flow · EUR
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | 23.7 bn | -721.0 m | -18.2 bn | 15.0 bn | esef· 20 Oct 2026verified |
| Capex | 1.8 bn | 1.1 bn | 1.2 bn | 827.0 m | esef· 20 Oct 2026verified |
| Free cash flow | 21.9 bn ≈ | -1.9 bn ≈ | -19.4 bn ≈ | 14.1 bn ≈ | esef· 20 Oct 2026derived |
| Dividends paid | 2.2 bn | 2.8 bn | 3.9 bn | 4.2 bn | esef· 20 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 136.8 bn EUR
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 23.94 – 39.50 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E27.84 – 39.50 (Mid 35.10)19 companies used · median multiple 19.9x · quartiles 15.8x – 22.4xACS.MC, ADX.MC, AEDAS.MC, AENA.MC, AMS.MC, ANA.MC, CAF.MC, CLEO.MC, CMO.MC, DESA.MC, DIA.MC, EAT.MC, EDR.MC, ELE.MC, ENER.MC, ENO.MC, FAE.MC, FCC.MC, FDR.MC
- Dividend discount (DDM)23.94 – 32.64 (Mid 27.62)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | 134.5% | 100 (on a fixed band) | 14% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | 21.6% | 100 (on a fixed band) | 19% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 13.0x | 87 (vs peers) | 24% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 10.3% | 100 (on a fixed band) | 19% |
| Shareholder yield (distributions) · Returns | 3.1% | 44 (on a fixed band) | 14% |
| Payout ratio (FCF) · Returns | 29.7% | 100 (on a fixed band) | 10% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality· partial100/100 · 1/3 factors with a value
- Returns66/100 · 2/2 factors with a value
- Valuation93/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
BANCO BILBAO VIZCAYA ARGENTARIA SOCIEDAD ANONIMA (BBVA.MC). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: ROE 17.3%.
The estimated value range is 25.89–36.07 EUR per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 31.36 EUR, the price of 22.90 EUR leaves a potential of 36.9% (value / price − 1) and a margin of safety of 27.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 134.5%
- EPS CAGR 3Y: 21.6%
- P/E (TTM): 13.0x
- FCF yield: 10.3%
- Payout ratio (FCF): 29.7%
- The price is below the estimated value range
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, Revenue CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA.
Versus the vertical median
Listed companies from Spain · same country · compared with 40 companies
Multiples and returns vs the median
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ELE.MCEndesa SA | 46.9 bn | 21.4 | 26.4% | 10.5% | +0.5% | +43% / +134% |
| AENA.MCAena S.m.e. SA | 42.6 bn | 19.9 | 24.2% | 34.0% | +8.9% | +21% / +79% |
| AMS.MCAmadeus It Group Sociedad Anonima | 26.2 bn | 19.8 | 26.9% | 20.5% | +6.1% | −6% / −5% |
| ACS.MCAcs Actividades De Construccion Y Servicios, S.A. | 21.9 bn | 23.0 | 19.9% | 1.9% | +19.7% | +7% / +134% |
| ANA.MCAcciona SA | 11.7 bn | 14.5 | 16.9% | 4.0% | +5.5% | +24% / +66% |
| FCC.MCFomento De Construcciones Y Contratas S.A. | 5.0 bn | 30.3 | 5.3% | 1.7% | +6.9% | −8% / −14% |
| FDR.MCFluidra S.A. | 3.8 bn | 21.3 | 10.9% | 7.8% | +4.1% | −17% / +4% |
| DIA.MCDistribuidora Internacional De Alimentacion SA | 2.7 bn | 20.6 | 165.6% | 2.2% | −2.7% | +51% / +380,733% |
| CMO.MCCementos Molins S.A. | 2.5 bn | 13.6 | 14.3% | 18.0% | −3.1% | +31% / unavailable |
| ENO.MCElecnor SA | 2.4 bn | 21.9 | 10.5% | 2.5% | +15.1% | −3% / +58% |
| ALM.MCAlmirall S.A. | 2.4 bn | 51.1 | 3.1% | 4.2% | +12.4% | −11% / +32% |
| FAE.MCFaes Farma SA | 1.5 bn | 19.3 | 10.8% | 13.0% | +23.7% | +3% / +57% |
| AEDAS.MCAedas Homes SA | 1.0 bn | 17.1 | 57.8% | 7.0% | −24.8% | +0% / +38% |
| EDR.MCEdreams Odigeo SA | 574.4 m | 11.5 | 21.0% | 7.8% | −0.4% | +40% / −24% |
| EAT.MCAmRest Holdings SE | 506.0 m | 31.4 | 4.3% | 0.6% | +0.1% | −34% / −61% |
| ADX.MCAudax Renovables S.A. | 468.5 m | 23.9 | 9.3% | 1.0% | −5.4% | −23% / −18% |
| ATRY.MCAtrys Health, S.A. | 200.4 m | — | -49.5% | -71.1% | +8.5% | −3% / −29% |
| ENER.MCEcoener, S.A. | 175.6 m | 32.2 | 4.2% | 6.4% | +3.6% | −34% / −6% |
| ADZ.MCAdolfo Dominguez SA | 62.9 m | 38.3 | 9.0% | 1.2% | +1.8% | +39% / +40% |
| DESA.MCDesarrollos Especiales De Sistemas De Anclaje S.A. | 44.8 m | 9.2 | 152.3% | 10.0% | +2.2% | +19% / unavailable |
| EZE.MCGrupo Ezentis SA | 29.0 m | — | — | -9.3% | +147.2% | −30% / −37% |
| CLEO.MCCompañia Levantina De Edificacion Y Obras Publicas SA | 17.3 m | 14.4 | 4.1% | 3.4% | +13.4% | unavailable / unavailable |
| AYC.MCAyco Grupo Inmobiliario, S.A. | 16.4 m | — | -33.8% | — | −100.0% | unavailable / unavailable |
| EBRO.MCEbro Foods, S.A. | 3.0 m | 0.0 | 10.0% | 7.7% | −4.0% | −0% / +19% |
| A3M.MCAtresmedia Corporacion De Medios De Comunicacion, S.A. | — | — | 7.9% | 6.9% | −2.7% | +13% / +60% |
1- and 3-year price returns: for BBVA.MC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Banco Bilbao Vizcaya Argentaria is a large bank active in Spain and Latin America, with retail, corporate and wholesale businesses. In fiscal 2025 the group reported total assets of 859,576 million euros and attributable profit of 10,511 million euros, so its risk profile depends on global macroeconomic, geopolitical and regulatory tensions.
SWOT
Strengths
- The group has broad geographic diversification, combining developed and emerging markets, which reduces its dependence on any single economy.
- Digital activity and technology investment support a modern customer relationship and a competitive cost base in some segments.
- Balance sheet size and profitability in several segments give a solid base for investment and for absorbing shocks.
Weaknesses
- High exposure to sovereign debt in a few countries makes results sensitive to local public finance developments.
- The Turkey and South America segments are more vulnerable to currency volatility and high inflation.
- The complexity of a structure spanning many countries and segments can make risk control and compliance costs harder to manage.
Opportunities
- Growing demand for digital services and payments could bring new revenues, particularly in retail segments.
- Development of wholesale activity and digital banks in Europe could diversify profit sources.
- Artificial intelligence could reduce operating costs and improve credit risk assessment.
Threats
- Tariffs and geopolitical tensions could weigh on the global economy and reduce credit demand.
- Court rulings favourable to consumers could raise legal costs and influence other banks.
- New digital and fintech competitors could compress margins in payments and deposit products.
Risks
- Macroeconomic and geopolitical riskhigh
Deterioration in economic activity, inflationary pressures or supply shocks could affect loan quality and results across several countries at once.
- Sovereign debt exposurehigh
The group is exposed to public debt in Spain, Mexico and Turkey, and a rating downgrade or restructuring could generate significant losses.
- Regulation and reputationmedium
Regulatory changes and heightened scrutiny by authorities could create additional costs and affect the group's reputation.
- Technology and cyber riskmedium
Cyberattacks, system failures or model errors could lead to financial losses, sanctions and loss of customer confidence.
- Litigation and class actionsmedium
Court proceedings and collective actions, including those linked to revolving credit cards, could generate additional provisions and unforeseen costs.
Investment thesis
What would need to be true (bull case)
- Geographic diversification and profitability across several segments could support results even if some markets go through difficult periods.
- If digital and artificial intelligence investments translate into lower costs and more loyal customers, margins could remain solid.
- A easing of inflationary pressures could support loan quality and demand for banking products.
What would break the thesis
- High exposure to emerging markets and volatile currencies could reduce results if macroeconomic conditions deteriorate.
- Consumer litigation and regulatory changes could raise costs and limit revenues in certain segments.
- Digital competition could pressure retail margins, especially if new players offer more attractive pricing.
What to watch
- Trend in net interest margin and cost of risk in the Turkey and South America segmentsQ1 2027
- Final outcomes of revolving credit card litigation in Spain2027
- Impact of US tariffs on credit demand in Mexiconext 10-K
- Progress of technology and artificial intelligence investment and its effect on operating costs2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The BBVA group conducts banking, insurance and asset management activity across several countries, organised by geographic and business segments. Beyond Spain, Mexico, Turkey and South America, the group includes a Resto de Negocios segment covering wholesale activity in Europe, the United States and Asian branches, as well as digital banks in Italy and Germany. The Corporate Centre manages centralised functions, structural currency positions and certain industrial and technology holdings.
Segments
Spain
The Spain segment includes banking, insurance and asset management in the country and is the largest segment by assets, with 456,419 million euros at 31 December 2025 1. Attributable profit in 2025 was 4,175 million euros 1.
Mexico
The Mexico segment covers banking, insurance and asset operations in the country, plus activity through the Houston agency. Total assets were 182,525 million euros at the end of 2025, and attributable profit was 5,264 million euros in 2025 1.
Market context
The group operates in very different banking markets, from developed economies to emerging ones, which diversifies its revenues but also exposes it to volatility in local currencies and monetary policies. Consolidated total assets of 859,576 million euros and a gross margin of 36,931 million euros at the end of 2025 1 show the scale of this exposure.
The regulatory and supervisory framework keeps changing, and pressure on consumer protection and conduct risk is rising in several jurisdictions. This could influence the group's compliance costs and revenues in the coming years.
Trends
- Trade tensions and tariffsheadwind
Higher US tariffs could slow the global economy and amplify volatility in financial markets, with indirect effects on credit demand and asset quality.
- Monetary policy and interest ratesmixed
If inflation stays high in the United States and the euro area, room for interest rate cuts could be limited, which would influence interest income.
- Digital transformation and artificial intelligencemixed
Digitalisation and artificial intelligence open opportunities for customer relationships and new products, but they also bring new competitors and technology risks that the group is actively monitoring.
- Consumer litigationheadwind
Rulings favourable to consumers on revolving credit cards and mortgages have increased in recent years in Spain and could continue, affecting the group's legal costs.
Competitive position
The group competes with other large banks in Spain and Latin America, as well as with new digital players and fintechs. Competitive pressure is most visible in retail and digital payments, where margins can be compressed.
The group's position in Mexico and Turkey depends on its ability to hold market share against local banks and new digital operators, which could influence future results in those segments.
- Santander
Direct competitor in the Spanish and South American markets, with a significant presence in Europe and Latin America.
- CaixaBank
Spanish retail bank with a major domestic market share, competing on mortgages and deposits.
- Banco de Crédito del Perú
Important player in Peru, where the group is present through subsidiaries in South America.
- Akbank
Turkish bank active in corporate and retail banking, competing directly in Turkey.
News & filings
In the press
- Raiffeisen a finalizat achiziția Garanti BBVA România – Capitalul austriac s-a extins în sistemul bancar românescCursDeGuvernare.ro · 03 Nov 2026 · RO
- Raiffeisen a preluat Garanti BBVA România. Ce se întâmplă cu banii și contractele cliențilorAdevărul · 03 Nov 2026 · RO
- Raiffeisen Bank a finalizat preluarea Garanti BBVA România. Cele două bănci vor fuziona, cu integrarea completă estimată pentru a doua jumătate a lui 2027. Michael Hollerer, CEO RBI: „România este o piaţă prioritară pentru noi”Ziarul Financiar · 03 Nov 2026 · RO
- Raiffeisen Bank a finalizat achiziția Garanti BBVA România. Integrarea completă este estimată pentru a doua jumătate a anului 2027Economedia · 03 Nov 2026 · RO
- Raiffeisen Bank a finalizat achiziția a 100% din acțiunile Grupului Garanti BBVA RomâniaFinancial Intelligence (RO) · 03 Nov 2026 · RO
- După ce a primit undă verde şi de la BNR, şi de la Consiliul Concurenţei. Se parafează deal-ul care poate crea al treilea grup din bankingul românesc. Se închide tranzacţia prin care Raiffeisen Bank preia Garanti BBVA România pentru 590 mil. euroZiarul Financiar · 01 Nov 2026 · RO
- Închiderea tranzacţiei şi plata celor aproximativ 590 de milioane de euro, mişcare prin care Raiffeisen preia Garanti BBVA România se semnează săptămâna viitoare. Operaţiunea are undă verde şi de la BNR şi de la Consiliul ConcurenţeiZiarul Financiar · 30 Oct 2026 · RO
- Închiderea tranzacţiei prin care Raiffeisen preia Garanti BBVA România se semnează săptămâna viitoare. Operaţiunea are undă verde şi de la BNR şi de la Consiliul ConcurenţeiZiarul Financiar · 30 Oct 2026 · RO
- Închiderea tranzacţiei prin care Raiffeisen preia Garanti BBVA România se semnează săptămâna viitoare. Operaţiunea are Ok-ul şi de la BNR şi de la Consiliul ConcurenţeiZiarul Financiar · 30 Oct 2026 · RO
- BERD și Garanti BBVA sprijină firmele conduse de femei și tineri - Piata FinanciaraSurge — Google News · 26 Oct 2026 · RO
- Carry Trade Funding May Shift to Yuan From Yen, BBVA SaysBloomberg Markets · 03 Sept 2026 · EN
- BBVA Argentina (BBAR) Q2 2026 Earnings Call TranscriptYahoo Finance — News · 31 Aug 2026 · EN
- BBVA Banco Frances Q2 Earnings Call HighlightsYahoo Finance — News · 28 Aug 2026 · EN
- BBVA puts AI at the core of banking with OpenAIOpenAI Blog · 11 Jun 2026 · EN
- Mustafa Tiftikcioğlu, CEO, Garanti BBVA Romania: Observăm o atitudine mai prudentă din partea clienţilor, influenţată de evenimentele geopolitice şi de volatilitatea internă, atât macroeconomică, cât şi politicăZiarul Financiar · 02 Jun 2026 · RO
- Mustafa Tiftikcioglu, CEO al Garanti BBVA România, despre piaţa bancară locală: Băncile din România traversează această perioadă într-o poziţie mai solidă decât ar sugera, la prima vedere, contextul macroeconomic. Piaţa bancară va rămâne stabilă şi bine capitalizată în 2026, într-un regim de prudenţă mai ridicat.Ziarul Financiar · 27 May 2026 · RO
Annual reports (ESEF)
- Annual report 202520 Oct 2026
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Banco Bilbao Vizcaya Argentaria, S.A. · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.