Curious about Banco Bilbao Vizcaya Argentaria net worth? In this article, Ando Money dives into BBVA’s market cap and financial standing in 2024.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | BBVA |
| Full Name | Banco Bilbao Vizcaya Argentaria |
| Traded as | BME: BBVA, NYSE: BBVA, BMV: BBVA |
| ISIN | ES0113211835 |
| Founded | May 28, 1857 |
| Founders | N/A |
| Country/Territory | Spain |
| Headquarters | Madrid, Bilbao |
| Chief Executive Officer | Onur Genç |
| Number of Employees | 121,486 |
| Market Cap | $56.66 billion |
| Total Assets | $865.8 billion (as of 2024) |
| Total Equity | $60.23 billion (2023) |
| Revenue | $75.2 billion (as of 2024) |
| Net Income | $34.2 billion (1Q24) |
What is the Net Worth/ Market Cap of Banco Bilbao Vizcaya Argentaria in 2024?
BBVA‘s market cap in 2024 stands at $56.66 billion, making it one of the significant players in the global banking sector.
To put this in perspective, BBVA’s market capitalization is slightly lower than UniCredit, which has a market cap of $60.99 billion.
However, it is substantially higher than NatWest Group, with a market cap of $33.03 billion.
This comparison highlights BBVA’s strong position and influence within the industry, although it faces stiff competition from other large European banks.
Banco Bilbao Vizcaya Argentaria Financial Performance Overview
Key Financial Metrics
In the first quarter of 2024, BBVA reported an inflation-adjusted net income of $34.2 billion. This figure represents a 53.7% decrease from the fourth quarter of 2023 and a 41.4% decline from the first quarter of 2023.
Despite these declines, BBVA maintained an inflation-adjusted return on assets (ROAA) of 1.6% and a return on equity (ROAE) of 6.6%.
Operating income for BBVA in 1Q24 was $631.2 billion, marking a 12.9% decrease from $724.7 billion in 4Q23 but a significant 106.6% increase from $305.5 billion in 1Q23.
This demonstrates BBVA’s ability to generate substantial operating income despite challenging market conditions.
Private Sector Financing
Total consolidated financing to the private sector in 1Q24 was $2.7 trillion, which reflects a 12.7% decrease in real terms compared to 4Q23 and a 21.9% decrease compared to 1Q23.
The decline was primarily driven by reductions in credit cards (17.9%), discounted instruments (27.1%), and other loans (19.7%).
However, these decreases were offset by a notable 26.0% increase in prefinancing and financing of exports. BBVA’s consolidated market share of private sector loans stood at 10.08% as of 1Q24.
Deposits Performance
Total consolidated deposits in 1Q24 were $4.8 trillion, representing a 13.5% decrease in real terms during the quarter and a 21.7% year-over-year decline.
The quarterly decrease was largely due to a 25.3% fall in savings accounts and an 8.1% decrease in checking accounts.
Despite these decreases, BBVA’s market share of private deposits was 7.37% as of 1Q24.
Asset Quality and Non-Performing Loans
BBVA’s non-performing loan (NPL) ratio was 1.23% in 1Q24, with a coverage ratio of 173.77%.
This indicates that BBVA has a robust mechanism in place to cover potential losses from non-performing loans, reflecting prudent risk management practices.
Efficiency and Operational Performance
The efficiency ratio for BBVA in 1Q24 was 65.4%, showing a deterioration compared to 58.6% in 4Q23 and 62.4% in 1Q23.
This increase indicates higher operational costs relative to income, which the bank needs to address to improve overall efficiency.
Regulatory Capital and Liquidity
BBVA maintained a strong regulatory capital ratio of 35.6% in 1Q24, with a Tier I ratio also at 35.6%.
This translates to a substantial $1.4 trillion or 336.0% excess over the minimum regulatory requirement.
Additionally, total liquid assets represented 91.9% of BBVA’s total deposits, underscoring the bank’s robust liquidity position.
Strategic Initiatives and Their Impact
BBVA’s ongoing digital transformation efforts, which began in 2007, have been crucial in driving customer growth and operational efficiency.
The bank continues to leverage technology to enhance its service offerings and customer experience.
Recent acquisitions, particularly in the Latin American market, have also contributed positively to BBVA’s financial performance.
Future Outlook and Growth Opportunities
Looking ahead, BBVA’s future outlook remains cautiously optimistic. The bank’s strong regulatory capital and liquidity positions provide a solid foundation for navigating economic uncertainties.
Growth opportunities may arise from further digital transformation initiatives, strategic acquisitions, and expansion in emerging markets.
However, BBVA must also manage potential risks and challenges, such as market volatility and regulatory changes, to sustain its financial performance.
FAQs about Banco Bilbao Vizcaya Argentaria
What is the history of BBVA?
BBVA was formed in 1988 from the merger of Banco de Bilbao and Banco de Vizcaya. The name BBVA was adopted in 1999 after incorporating Argentaria. Key acquisitions include Unnim Banc and Catalunya Banc.
What services does BBVA offer?
BBVA offers retail banking, corporate banking, investment banking, savings accounts, current accounts, credit cards, mortgages, loans, and insurance. They also provide asset management and private banking.
What is BBVA’s international presence?
BBVA operates in Spain, the United States, Mexico, Turkey, South America, and Eurasia. The bank’s international expansion began in the early 20th century.
How does BBVA support digital banking?
BBVA has focused on digital transformation since 2007, leading to significant growth in its digital customer base. In 2019, BBVA unified its brand globally and introduced a new logo.
What are BBVA’s credit ratings?
BBVA’s credit ratings are BBB+ from Fitch and A2 from Moody’s, reflecting its strong financial position and stability.
What is BBVA’s role in deposit protection?
BBVA participates in Spain’s deposit guarantee scheme, protecting deposits up to 100,000 EUR per depositor.
How is BBVA’s stock performance?
BBVA’s stock is traded on the New York Stock Exchange (NYSE) under the ticker BBVA. The bank shows resilience and growth in its stock performance.
What are BBVA’s recent strategic moves?
BBVA has focused on strategic mergers and acquisitions, including negotiations with Sabadell to create a larger financial entity in Spain.
Who are the key executives at BBVA?
Key executives include Carlos Torres Vila (Chairman) and Onur Genc (CEO). The leadership team drives BBVA’s strategic initiatives globally.
Conclusion
BBVA stands strong among the biggest international banks with a robust net worth. Discover more insights at andomoney.com.
