BBVA in 2020

A customer-oriented global financial services group

Letters from the Chairman and CEO

The year 2020 was marked by a global pandemic with severe health and economic consequences. BBVA has stepped up to protect the health and well-being of everyone: employees, customers and society in general. The pandemic has also accelerated trends on which our strategy is based, such as digitization and our commitment to sustainability. The other major milestone in BBVA’s strategy in 2020 was the sale of our U.S. business. A historic transaction which allows us to advance in our clear commitment to create value for shareholders and puts us at an unparalleled position of strength which will enable us to continue providing our support to overcome this crisis and also in the recovery phase.

Carlos Torres Vila. BBVA’s Chairman

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Despite this challenging environment, BBVA once again has demonstrated the strength of its business model, and has reported solid financial results in a context of high uncertainty, with operating income growing at double digit and remaining at the forefront of its European peer group in terms of profitability. The net attributable profit of BBVA Group in 2020, excluding one-offs, stood at €3,084 million.

Onur Genç. BBVA's Chief Executive Officer

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Annual Report 2020

Report BBVA 2020