BBVA posted a strong set of results when adjusted for the volatile trading income. This translated into a strong tangible book value generation at a rate exceeding the cost of capital. The impact was slightly diluted at the CET1 level due to increased RWA density following the expected review of internal models.
31 Jul 2019
Strong tangible book value expansion
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Strong tangible book value expansion
Banco Bilbao Vizcaya Argentaria, S.A. (BVA:LON) | 1,025 0 0.0% | Mkt Cap: 59,839m
- Published:
31 Jul 2019 -
Author:
David Grinsztajn -
Pages:
2
BBVA posted a strong set of results when adjusted for the volatile trading income. This translated into a strong tangible book value generation at a rate exceeding the cost of capital. The impact was slightly diluted at the CET1 level due to increased RWA density following the expected review of internal models.