Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0001193125-25-016633
Chunk: 3

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 3
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 than a year earlier. The combination of growth and profitability placed BBVA, once again, in a unique position among European banks.

01.30.2025 BBA Creating Opportunities BBVA is proposing to increase this year’s gross cash dividend to €0.70 per share (vs €0.55 for 2023, up 27 percent): €0.29 per share were paid as interim dividend in October 2024, and a final dividend of €0.41 per share, which will be submitted for approval at the Annual General Meeting and it’s expected to be paid in April. Moreover, the bank will start a new share buyback program for €993 million (equivalent to €0.17 per share). In total, BBVA will distribute to its shareholders €5.03 billion, against 2024 earnings, which represents €0.87 per share and a pay-out of 50 percent. As for the Group’s capital, the fully-loaded CET1 ratio stood at 12.88 percent at the end of 2024, well above the target range of the bank (11.5-12 percent). New strategic priorities BBVA has established new strategic priorities for the 2025-2029 period. Among them, the adoption of a new perspective toward customers stands out, seeking to have a more profound and positive impact on their lives. In addition, there is an unwavering commitment to growth and value creation over the long-term, focusing on promoting sustainability, growing in all corporate segments and fostering a mindset in value creation and capital. These priorities also include maximizing the potential of artificial intelligence and innovation through the use of data and cutting-edge technology. This will all be possible thanks to an empathetic, winning team that aims to create value for all stakeholders. Business areas Spain earned €3.78 billion in 2024, up 39 percent. This positive performance benefited mostly from the good evolution of net interest income (+15 percent), supported by the increase in customer spreads and lending growth: loan balances increased by 4 percent, boosted by dynamism in commercial banking. Net fees and commissions also grew notably (+8 percent), on the back of fees from asset management, insurance, securities and wholesale clients. Customer funds increased by 5 percent, following a positive performance of off-balance sheet funds, mostly mutual funds, pension funds and managed portfolios. The strength of gross income (+20 percent) offset the increase of operating expenses (slightly below 5 percent) and drove the operating income (+31 percent