BBVA grows revenues, profits in CIB

01 Feb 2013

Pre-tax profit in BBVA’s corporate and investment banking division grew 8% in 2012. A pick-up in lending in South America partially balanced deleveraging in other regions.

The bank did not disclose gross revenue for the fourth quarter in the investment bank. Year on year, however, gross revenue grew 11.6% to €2.8bn, reflecting better performance in Latin America and Spain. Pre-tax profit was also up 8.1% to €1.7bn.

CIB lending to Europe, Asia and the ...

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