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BBVA Targets €49 Billion in CET1 by 2028 to Fund Expansion and Reward Investors

Management commits to return any surplus above a 12% CET1 ratio to shareholders.

Overview

  • Of the €49 billion, €13 billion is earmarked for organic growth and €36 billion for shareholder remuneration.
  • BBVA expects lending in Mexico to continue outpacing GDP after posting growth of more than 10% in 2025, with the country contributing over 40% of group profit.
  • The bank cites a standout 2025 with its market value topping €119 billion, a share price that more than doubled, a 124% total shareholder return, and over 11 million new customers.
  • BBVA is executing an eight‑initiative AI roadmap featuring the Blue client assistant, the “banquero IA” for staff, and an employee “Alter Ego,” supported by a late‑2025 alliance with OpenAI.
  • Following the failed Sabadell bid in October 2025, the group reiterates a focus on organic expansion across Spain, Italy, Germany, Turkey, and South America.