Letters from the Chair and CEO
In 2021 the world started to emerge from the pandemic and found
its way back to growth. At BBVA, we posted our best recurring
profit of the past decade, €5.07 billion, nearly doubling the
figure from 2020, and we ended the year with a solid CET1
capital ratio of 12.75%.
Thanks to these results and our strong capital position, we have increased the distributions to our shareholders significantly. Taking into account the share buyback program and dividends, this amounts to a total of €5.5 billion.
We had a great year in a complex environment, and we look to 2022, confident in our strengths. We will continue accompanying our customers, supporting families and businesses to have a positive impact on society and strengthen profitable growth.
Thanks to these results and our strong capital position, we have increased the distributions to our shareholders significantly. Taking into account the share buyback program and dividends, this amounts to a total of €5.5 billion.
We had a great year in a complex environment, and we look to 2022, confident in our strengths. We will continue accompanying our customers, supporting families and businesses to have a positive impact on society and strengthen profitable growth.
Carlos Torres Vila. BBVA’s Chair
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In 2021, BBVA posted its best recurring profit of the past
decade, thanks to the excellent evolution of recurring revenues
and lower provisions, including for the impairment of financial
assets. Additionally, the Group's important strengths, such as
our leading franchises in attractive markets, our leadership in
digitization and sustainability and having the best team, have
allowed us to make progress toward our goals. They include being
a larger and more profitable bank, a different bank for our
customers and clients, having a unique value proposition, and
continuing to be leaders in efficiency.
Onur Genç. BBVA's Chief Executive Officer
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