BBVA
BBVA is a Spanish bank with about 81 million active customers that earns most of its income outside Spain, led by Mexico, Turkey and South America, and increasingly sells through digital channels.
It owns Turkey's largest bank by market value.
BBVA took control of Garanti BBVA in 2022, raising its stake to 85.97% and adding Turkey as a major earnings market.
How big is BBVA?
Mexico brings in the most.
- Mexico40%€15.2B
- Spain27%€10.0B
- South America14%€5.4B
- Turkey14%€5.2B
- Rest of Business5%€1.8B
Anchor in Spain. Grow in emerging markets.
- 1Spanish home market
- 2Mexico, Turkey, South America
- 3Digital-first retail offers
Most income is earned outside Spain, so emerging-market growth and currencies drive results.
- BlackRock, Inc.7.2%
- Capital Research and Management Company3.1%
CEO: Onur Genç
- 1857Banco de Bilbao is created
- 1988Banco de Bilbao and Banco de Vizcaya merge into BBV
- 2000BBV and Argentaria merge to form BBVA
- 2004Takeover bid for Bancomer in Mexico
- 2010Enters Turkey through Garanti
Every number on this page comes from BBVA's own reports.
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