“We hope that the operation with Banco Sabadell will be approved with all its potential”

Onur Genç emphasized that banks need players with greater scale and efficiencywhich allows you to increase your investment opportunities, especially in the technology sector. “And this great investment potential, in our opinion, comes from increasing scale. The big players are more efficient because they spend the same money on technology as smaller banks, but they make more profit because they have more customers. If they are more efficient, they are more profitable, and if they are more profitable, they have more investment potential,” he explained. In this sense, “we fully believe in the value creation potential of this transaction as it creates a strong and large-scale player. The economic logic is undeniable.”

In the same vein, he believes that “Europe needs financial champions” to help accelerate the growth of the European economy. To do this, “Europe needs investment,” and this investment requires banks of sufficient scale. Onur Genç recalled that of the 25 largest banks in the world, judging by their market capitalization, not a single one belongs to the European Union. “To create European champions, we first need domestic champions”concluded.

Positive outlook in key markets: Mexico, Spain and Türkiye.

BBVA is optimistic about the future, based on a strategy for profitable growth and sound risk management. “We are seeing very positive signs in businesswhich could result in us maintaining a ROTE level in 2025 similar to this year. We lead the European banking sector in terms of profitability and hope that we will continue to remain in this position,” said Onur Genç.

Consultant highlighted BBVA’s model of geographic diversificationwhich allows us to deal with changes in the business cycle in a given market. He also noted the leadership of BBVA franchises in terms of profitability in the main markets in which it is present: Mexico, Spain, Turkey and South America. Specifically regarding the BBVA franchise in Mexico, he emphasized, “I have seen many banks in my life, but what BBVA has in Mexico is unique.” In addition, Onur Genç highlighted the steady growth in the number of clients: “Over the past 3 years, BBVA has attracted 11 million new clients every year.” This combination of profitability and growth puts BBVA in an advantageous position compared to its competitors, he said.

Thus, BBVA registered Robust loan growth in major markets in recent months

growth ensured profitability in terms of return on equity. Thus, the key is to grow loans in Spain and Mexico, as well as increase market share in both countries. In Spain the share was closer to 14%; in Mexico it rose to 25%. In addition, BBVA maintains currency hedging as a hedge against exchange rate fluctuations, and its credit quality metrics have remained stable in recent months.