BBVA has posted a record net profit group share of 8.02 billion euros in 2023, up 22% year-on-year (+35% in constant euros).

Recurring earnings per share rose by a further 27%, thanks to share buybacks carried out in 2023. BBVA will pay a cash dividend of E0.55 per share on 2023 earnings, 28% more than in 2022, and will launch a new share buyback program worth 781 million euros.

In the fourth quarter alone, net income, group share exceeded 2.06 billion euros. The bank expects attributable net profit to continue to grow in 2024.

Strong business performance in 2023 drove operating profit to record levels, up 39% year-on-year to 17.23 billion euros.

' These results enable us to extend our positive impact on society across our footprint and create value for all our stakeholders: our 71.5 million customers, our 800,000-plus shareholders, our 121,000-plus employees and society as a whole,' said BBVA President Carlos Torres Vila.

' The bank added more than 11 million new customers, 65% of them through digital channels. Digital sales, in units, now represent 79% of the total '.

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