Servimedia Madrid
Madrid
Updated Tuesday, January 30, 2024-07:53
BBVA recorded a
net profit of 8,019 million
euros in 2023, which is the highest figure in its history and an increase of 22.3% compared to 2022, despite the payment of the extraordinary tax to the sector.
As reported by the entity through the National Securities Market Commission (CNMV), the interest margin
increased by 20.7%
in current terms and stood at 23,089 million euros, in a context of rising interest rates. . The good evolution of Spain, Mexico and South America stands out.
Commissions reached 6,288 million, recording a growth of 17%. Altogether, the interest margin and commissions, which represent the recurring income of the banking business,
registered a year-on-year increase of 19.4%,
up to 29,377 million.
The return on tangible capital
stood at 17%
and the default rate remained at 3.4%.
On the other hand, it announced a complementary dividend of 39 cents per share to be paid in April which, together with the 16 cents paid in October, totals 55 cents charged to the 2023 results, which is
28% more than the 43 cents that were paid against 2022.
Likewise, the bank announced a new
share buyback
program for an amount of 781 million euros. Thus, in total, it will dedicate more than 4,000 million euros of the 2023 results to the remuneration of its shareholders, equivalent to a pay-out of 50%.