BBVA Chair on Sabadell Merger, Mexico Tariffs

Carlos discusses BBVA's strong financial performance, highlighting a 28% growth in earnings per share and a significant buyback program. He emphasizes the bank's growth in Spain and Mexico, despite potential US tariffs. The Sabadell acquisition is progressing, with a competitive offer on the table. BBVA's stake in Telefonica is addressed, noting recent leadership changes influenced by major shareholders, including the government.

What is the expected net profit for BBVA in 2024?

• 5 billion

• 10 billion

• 15 billion

• 20 billion

Which country is a major growth area for BBVA due to its competitive labor costs?

• Argentina

• Mexico

• Spain

• Brazil

What is the potential impact of US tariffs on BBVA's business in Mexico?

• Increase in labor costs

• Complete halt of operations

• Minimal structural impact

• Significant structural impact

What is the main focus of the US policy regarding Mexico, according to Carlos?

• Trade agreements

• Border issues

• Currency exchange

• Tourism

What premium did BBVA offer over the trading price for the Sabadell deal?

• 30%

• 10%

• 70%

• 50%

How long has BBVA been a shareholder of Telefonica?

• 25 years

• 10 years

• 15 years

• 20 years

What was the reason for the leadership change at Telefonica?

• Government intervention

• Shareholder decision

• Market competition

• Financial instability