Banco Bilbao Vizcaya Argentaria S.A. (BBVA) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us for BBVA's four-quarter results presentation. As every quarter, I'm pleased to be joined by our CEO, Onur Genç, and the group CFO, Luisa Gómez-Lavo. We will begin with Onur reviewing the group's performance and key strategic developments during the year, followed by Luisa, who will walk you through the business genius results. After their remarks, we will open the call to take your questions. With that, I now turn the call over to Onur. Thank you. Thank you, Patricia. Good morning to everyone. Welcome and thank you for joining BBVA's 2025 full-year results audio webcast. I will start with page three right away. So I'm happy to say that in 2025, we achieved outstanding results across critical dimensions. Value creation, as you see on the page, growth, profitability, strategic execution, and shareholder enumeration. First, I would like to highlight the excellent value creation achieved during the year, which is rooted in our outstanding profit evolution. Despite falling interest rates in our core markets, we still managed to increase our net attributable profit, which reached a record 10.5 billion euros, 4.5% higher than last year in current euros. Secondly, as we have emphasized in previous results presentations, BBVA offers a unique combination of profitability and growth, which was further reinforced in 2025. Our loan portfolio increased by an exceptional 16.2% at constant euros and 11.7% in current euros, an exceptional figure, while our return on tangible equity remained at industry-leading 19.3%. Third, in the page, we are advancing consistently in the execution of our strategy, First of all, we are transforming the bank with a radical customer perspective, leveraging the power of AI and innovation, and also growing the ...