The most relevant aspect of BBVA’s wholesale business activity is the improved liquidity gap, due to the positive performance in customer deposits and CIB’s strategy of focusing on customer relations, cross-selling and price over volume.
In earnings, it has been a very positive quarter underpinned by the strength and quality of gross income, buoyed by the good progress in the corporate finance, global transactional banking and global markets businesses. Geographical diversification in this area continues to increase quarter on quarter.