BBVA CEO statement on 2Q 2024 earnings

"We posted excellent results in the first six months of 2024: nearly €5 billion euros in profit, a 29 percent increase from the previous year, driven by higher revenues thanks to higher lending volumes. In fact, over the past year, we have increased our lending to customers by nearly 11 percent, with an acceleration in SMEs and mid-size companies," BBVA CEO Onur Genç said. "This was an exceptional quarter. An exceptional quarter of reaching elusive milestones: delivering 20% in profitability and breaking the 40% barrier in efficiency, placing us at the top of our peer group of the 15 largest European banks. All of this with a solid capital position and high credit quality", he added.