The Spanish bank reported an operating income of €2.92bn for Q4 2021, a 28% rise compared to €2.28bn for the corresponding period in 2020
BBVA head-office building in Bilbao. (Credit: Zarateman/Wikipedia.)
BBVA has reported a net profit of €1.34bn or €0.20 per share for the quarter ended 31 December 2021, a 1.6% rise compared to €1.32bn or €0.18 per share for the same quarter in 2020.
The company has reported a profit before tax of €2.05bn for the fourth quarter (Q4) of 2021, a 76% increase compared to €1.16bn for the same quarter prior year.
The bank has reported an operating income of €2.92bn for Q4 2021, a 28% rise compared to €2.28bn for the corresponding period in 2020.
Its gross income for the reported period was €5.47bn, which increased by 20% compared to €4.54bn for the same period last year.
BBVA chairman Carlos Torres Vila said: “In 2021 we achieved our highest recurring profit of the past ten years, €5.07 billion. This was made possible thanks to the recovery in activity, which led to significant growth in our revenue, and to lower provisions.
“Thanks to these excellent results and our strong capital position, we have significantly increased the distributions for our shareholders.
“And on the other, the dividend. Following the upcoming AGM, we will pay our shareholders €0.23 per share, which together with €0.08 from last October, amount to a total of €0.31, the highest dividend per share, in cash, of the past ten years.”
BBVA reported a net profit (excluding non-recurring impacts) of €5.06bn for the year ended 31 December 2021, an 85% rise compared to €2.72bn for the full year 2020.
The bank’s net interest income for the year ended 31 December 2021 was €14.6bn, which remained almost unchanged from the prior year.
The company has reported a gross income of €21.06bn for the year ended 31 December 2021, a 4.5% increase, compared to €20.16bn for the full year 2020.
The bank reported an operating income of €11.53bn for the year ended 31 December 2021, a 4% rise compared to €11.07bn for the full year 2020.
Last month, BBVA has announced its plans to create 200 new jobs in two years, through the launch of two new technology centres in Bilbao, Spain.