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.

How does BBVA's growth in net loans compare to its peers?

Discuss the importance of Mexico as a trading partner for the US according to the interview.

What challenges does BBVA face regarding the leadership change at Telefonica?