BBVA Expects Turkish Unit Garanti To Close With Net Profit Below 1 Billion Euros In 2025
April 29 (Reuters) - Spain's BBVA BBVA.MC comments during call with analysts:
NOW EXPECTS TURKISH UNIT GARANTI GARAN.IS TO CLOSE WITH A NET PROFIT OF "SOMEWHAT" BELOW 1 BILLION EUROS IN 2025
EXPECTS LOAN GROWTH TO CONTINUE IN SPAIN, ALSO SEES GROWTH POTENTIAL FOR BANKING BUSINESS IN MEXICO
REAFFIRMS GUIDANCE OF SLIGHT DECLINE IN NET INTEREST INCOME IN SPAIN IN 2025
REAFFIRMS GUIDANCE TO GROW AT HIGH SINGLE-DIGIT IN NET INTEREST INCOME IN MEXICO IN 2025
MAINTAINS COST OF RISK GUIDANCE OF AROUND 350 BASIS POINTS IN MEXICO IN 2025
MAINTAINS PROFITABILITY GUIDANCE FOR 2025 BUT DUE TO CURRENT UNCERTAINTY WILL SEE HOW SITUATION EVOLVES IN COMING WEEKS AND MONTHS
SAYS FORECASTS ON PROFITS IN TURKEY ARE VERY DEPENDENT ON MACROECONOMIC PARAMETERS
IF U.S. TARIFFS STAY AS THEY ARE MEXICO STAND TO BENEFIT BUT STILL LOTS OF UNCERTAINTY, NOT UPGRADING LOAN OUTLOOK GUIDANCE FOR MEXICO
Further company coverage: BBVA.MC
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