February 12, 2025 11:19 GMT
FINANCIALS: BBVA - Positive Outlook from Fitch
FINANCIALS
Improved operating environment in key markets, especially Spain and better sustained earnings metrics. Merger with SABSM would be positive. Very much already there on the metrics.
Key Metrics
- OpInc/RWA >3% - 2024 average 3.67%
- CET1 > 12% - 2024 average 12.84%
- No NPL / CoR deterioration
- Sr Pref bonds buffer >10% - currently 12% of RWAs
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