In 2007, Banco Bilbao Vizcaya Argentaria’s (BBVA) operating profit rose 16% boosted by higher revenues and appropriate pricing. Efficiency, which is measured by the cost/income ratio continues to improve and now stands at 42.4%, compared to 44% a year earlier.
In the fourth quarter 2007, BBVA’s attributable profit has reached E1.37 billion. This brought the group’s total 2007 attributable profit up to E6.13 billion.
