BBVA earned a record of 8,019 million euros in 2023, 22% more. Interest margin increased by 20.7% in current terms and stood at 23,089 million euros.
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%.