UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April, 2021
Commission file number: 1-10110
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
(Exact name of Registrant as specified in its charter)
BANK BILBAO VIZCAYA ARGENTARIA, S.A.
(Translation of Registrants name into English)
Calle Azul 4,
28050 Madrid
Spain
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ☐ No ☒
Press Release
04.30.2021 |
BBVA returns to pre-COVID levels, earns 1.21 billion in first quarter 2021
The BBVA Group earned 1.21 billion in 1Q21, in line with quarterly earnings prior to the pandemic. In the year ago period, BBVA posted a 1.79 billion loss when it recorded a goodwill adjustment in its U.S. subsidiary and higher impairments. This quarters result was driven by strong recurring revenue and lower impairments and provisions than in 1Q20. Thanks to these earnings, BBVA generated 15 basis points of capital in the January-March period.
04.30.2021 |
04.30.2021 |
04.30.2021 |
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BBVA Corporate Communications
Tel. +34 91 374 40 10
comunicacion.corporativa@bbva.com
For more financial information about BBVA visit: https://shareholdersandinvestors.bbva.com/
For more news about BBVA visit: https://www.bbva.com |
04.30.2021 |
Change 1Q21/1Q20 |
Change 1Q21/4Q20 |
|||||||||||||||
BBVA Group (m) |
1Q21 | % constant | % current | % constant | ||||||||||||
Net Interest Income |
3,451 | -2.3 | -14.2 | -4.4 | ||||||||||||
Net Fees and Commissions |
1,133 | 10.0 | 0.8 | 6.7 | ||||||||||||
Net Trading Income |
581 | 16.1 | 6.8 | 205.9 | ||||||||||||
Other Income & Expenses |
-11 | n.s. | n.s. | n.s. | ||||||||||||
Gross Income |
5,155 | 0.2 | -10.8 | 9.4 | ||||||||||||
Operating Expenses |
-2,304 | 1.8 | -7.0 | -0.5 | ||||||||||||
Operating Income |
2,850 | -1.0 | -13.6 | 19.0 | ||||||||||||
Impairment on Financial Assets |
-923 | -52.4 | -57.3 | 0.1 | ||||||||||||
Provisions and Other Gains and Losses |
-168 | -47.3 | -48.8 | -24.0 | ||||||||||||
Income Before Tax |
1,759 | 183.2 | 117.9 | 40.6 | ||||||||||||
Income Tax |
-489 | 212.3 | 139.7 | 37.0 | ||||||||||||
Non-controlling Interest |
-237 | 85.8 | 37.8 | 71.6 | ||||||||||||
Net Attributable Profit (ex corporate & discontinued operations) |
1,033 | 206.5 | 139.4 | 36.7 | ||||||||||||
Discontinued operations1 |
177 | n.s. | n.s. | -70.1 | ||||||||||||
Net Attributable Profit (reported) |
1,210 | n.s. | n.s. | -10.2 |
(1) | Includes the results from US business sold to PNC. |
04.30.2021 |
About BBVA
BBVA is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in Mexico, it has leading franchises in South America and the Sunbelt Region of the United States. It is also the leading shareholder in Turkeys Garanti BBVA. Its purpose is to bring the age of opportunities to everyone, based on our customers real needs: provide the best solutions, helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: Customer comes first, we think big and we are one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Banco Bilbao Vizcaya Argentaria, S.A. | ||||||
Date: April 30, 2021 | ||||||
By: | /s/ María Ángeles Peláez Morón | |||||
Name: | María Ángeles Peláez Morón | |||||
Title: | Authorized representative |