The group managed to remain in positive territories in spite of the announced value adjustment on its Telefonica stake. The quarter enjoyed stronger net interest income generation driven by a sharp margin expansion as well as lower cost of risk, albeit offset by a residual clean-up effort on real estate assets ahead of the final run-down planned this year. On the negative side, the healthy organic capital generation was more than offset by increased RWA intensity.
01 Feb 2018
Not fully sustainable quarterly margin boost
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Not fully sustainable quarterly margin boost
Banco Bilbao Vizcaya Argentaria, S.A. (BVA:LON) | 1,025 0 0.0% | Mkt Cap: 59,839m
- Published:
01 Feb 2018 -
Author:
David Grinsztajn -
Pages:
2
The group managed to remain in positive territories in spite of the announced value adjustment on its Telefonica stake. The quarter enjoyed stronger net interest income generation driven by a sharp margin expansion as well as lower cost of risk, albeit offset by a residual clean-up effort on real estate assets ahead of the final run-down planned this year. On the negative side, the healthy organic capital generation was more than offset by increased RWA intensity.