Q1 gross income 8.218 bln eur, up 18% (Il Sole 24 Ore Radiocor) - Madrid, 29 Apr - The Spanish bank BBVA increased its first quarter net profit 19% to 2.200 billion euros as gross income grew 18% to 8.218 billion.

Net interest income was up 15% to 6.512 billion euros, net fees and commissions grew 31% to 1.887 billion and net trading income rose 76% to 772 million.

The common equity tier one ratio was 12.82% compared with a target range of 11.5%-12.0%.

The CEO, Onur Genc, expects full-year results to be ahead of 2023.

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(RADIOCOR) 29-04-24 13:08:31 (0306) 5 NNNN