The president of BBVA, Carlos Torres Vila, anticipates that the dividend that the bank pays to its shareholders out of the 2023 results will be “clearly higher” than the previous year, which suggests that the profit for the year just closed It will be a record again.
“We still do not have the final figure for the dividend for the year,” but the forecast is that “the dividend we pay to our shareholders for the year 2023 will be clearly higher per share than it was the previous year,” he states in an interview broadcast by BBVA. .
The entity obtained an attributable profit of 6,420 million euros in 2022, the highest in its history. In the partial accounts for the 2023 financial year, it has been repeatedly exceeding the figures of the previous year. Its objective is also, as Torres himself has indicated, to distribute between 40% and 50% of the profit among the shareholders.
The president of the bank assures that the “profitability and efficiency ratios” are “at the forefront of Europe” and are accompanied by a “solid capital position.” The stock market appreciation, he assures, has been more than double the average of its competitors.
For this year, remember that the markets forecast is that interest rates will be gradually reduced to “normalized” levels. “We see that activity will continue to grow, slower than in recent years, but growing,” he says.
Torres has also lamented the bad image that, from his point of view, business and banking profits have. “I think we have to stop looking down on companies being profitable, because far from being something bad, it is something good for society, which leads to society prospering. And that is especially true in the case of banks,” he says. .
