BBVA 2022 Dividend to Be Highest in More Than a Decade, CEO Says
16 Gennaio 2023 - 1:40PM
Dow Jones News
By Ed Frankl
Banco Bilbao Vizcaya Argentaria SA's Chief Executive Officer
Carlos Torres said Monday that the Spanish's bank's 2022 dividend
will be its highest in at least a decade.
"If we take into account the profit expected by consensus for
the year as a whole, and also taking into account the payout policy
of 40% to 50% that we have established, we expect this year's
dividend to far exceed last year's dividend of 31 European cents [a
share], which was already the highest cash dividend we have paid in
the last decade," the Spanish bank's boss said.
Mr. Torres said financial figures from September showed a
significant increase in lending, and in net profit by 50%, with a
strong performance in Mexico and its domestic Spanish market.
However, Mr. Torres said the business environment was still
highly uncertain, with the Ukraine war, the Covid-19 situation in
China and commercial tensions in particular as issues in 2023.
At 1204 GMT, shares were up 0.6% at EUR6.40.
BBVA is due to publish full-year results on Feb. 1.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
January 16, 2023 07:25 ET (12:25 GMT)
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