The financial institution tax represents an affect of 225 million euros
BBVA obtained attributable revenue of 1,846 million euros within the first quarter of 2023, 39.5% extra at present trade charges in comparison with the identical interval in 2022, and 40.5% extra at fixed trade charges, in line with The entity has knowledgeable the National Securities Market Commission (CNMV).
The entity explains that the outcome was boosted by the great efficiency of recurring revenue –the curiosity margin and internet commissions–, particularly in Mexico and Spain, and the expansion of the exercise.
In Spain, attributable revenue reached 541 million euros within the first quarter, 9.5% lower than in the identical interval of the earlier 12 months, because of the affect of the extraordinary tax on banks that represents a fee of 225 million for BBVA of euros.
((WILL BE EXTENSION))
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