The Spanish bank BBVA gains 25.3% more up in September, pulled by Chile

The Spanish bank BBVA realized a net profit of 4,323 million euros until September, an increase of 25.3% compared to the same period in 2017, thanks to capital gains On the sale of BBVA Chile, for 633 million euros. [19659002] According to the informed entity of the National Securities Market Commission (CNMV), the regulator of the Spanish stock market, besides Chile, influenced these results by the impulse of recurring revenues, control of expenditures and reduction of write-downs.

Between July and September, the bank gained 46.4% more, not only because of the capital gains on the sale of BBVA Chile, but also because of the negative impact of 190 million euros, resulting from the accounting for hyperinflation in Argentina, according to the report. source.

According to the data presented today by the bank, Mexico continues to drive the accounts, with a net profit of 1,851 million euros, which represents 41% of the result.

On the other hand, the advantage or the total of Spain reached 1 107 million euros, or 41.5% more, while in the United States, it gained 541 million euros.

In Turkey, it increased by 488 million euros; in South America, 467 million euros and in the rest of Eurasia, 57 million euros.

BBVA pointed out that the group's delinquency rate stood at 4.1% at the end of September (compared to 4.4% three months earlier), its lowest level since June 2012, while the coverage rate rose to 73%.