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# BBVA Posts €7.6 Billion Nine-Month 2024 Profit, Up 28%, as Mexico and Spain Lead
- URL: https://www.theglobalbanker.com/bbva-posts-7-6-billion-nine-month-2024-profit-up-28-mexico-spain-outsized-returns/
- Published: 2024-10-31T06:00:00.000Z
- Updated: 2026-10-02T13:35:12.000Z
- Description: BBVA's net attributable profit rose 27.9% to €7.62 billion in the first nine months of 2024, with Mexico and Spain the largest contributors.
- Author: TGB Editorial Team
- Tags: Banking News, Europe, #archive

BBVA reported a net attributable profit of €7.62 billion for the first nine months of 2024, an increase of 27.9% year-on-year and equivalent to a gain of 44.2% measured at constant exchange rates, the Spanish bank disclosed on 31 October. Gross income for the period grew 18.4% to €26.16 billion. Nine-month adjusted earnings per share reached €1.28, the bank said in its results release.

The figures come as the bank pursues a contested takeover bid for domestic rival Banco Sabadell, launched earlier in 2024\. 

#### PROFIT BY MARKET

Mexico remained BBVA's largest profit contributor, generating €4.19 billion in net attributable profit over the nine-month period. 

Spain, the group's home market, contributed €2.87 billion to the nine-month total. 

#### CAPITAL AND SABADELL BID

The fully loaded CET1 ratio stood at 12.84% at the end of September, above the group's 11.5%–12.0% target range and above its 9.13% requirement. 

The Sabadell bid remains subject to ongoing regulatory review and shareholder decisions at the time of reporting. BBVA's management has reiterated the strategic rationale for creating a stronger domestic champion with enhanced capacity to serve businesses and households across Spain, arguing that the combination would generate significant cost and revenue synergies over time.