BBVA has registered a 3.3% increase in new financing aimed at companies, SMEs, and self-employed individuals in Spain during the first half of 2026, according to the 'country manager' of BBVA in the country, Peio Belausteguigoitia, at the Regional Convention that brings together the seven territorial directions of the bank and their respective teams. The Basque entity, however, has not provided the total volume of this newly granted financing.
In his speech, Belausteguigoitia emphasized that companies represent a "priority" for BBVA and focused on the importance of continuing to support their growth and expansion with solutions tailored to the characteristics of each business project.
"We are growing in clients, activity, and financing, but the most important thing is that we are accompanying business projects and providing responses adapted to the needs of each business," emphasized the 'country manager' of BBVA in Spain before the territorial executives.
Likewise, the top official of the entity in the national market reviewed the performance of the business in the first six months of the year, a period in which credit investment advanced by 7.4% year-on-year, supported mainly by the "good performance" of financing to companies, as well as consumer credit and cards.
This greater dynamism in credit granting had a direct reflection in the income statement. The interest margin increased by 4.1% year-on-year and commissions rose by 2.2%. Regarding asset quality, the delinquency rate remained at 2.9%, while the coverage rate improved to 71%. In turn, the cost of risk stood at 0.31%.
During the Regional Convention, Belausteguigoitia also reviewed the major strategic lines of the group, among which are adopting a renewed and customer-centered vision, consolidating sustainability as a growth lever, reinforcing presence in all business segments, and accelerating the use of artificial intelligence and innovation.
In this regard, the 'country manager' of the Basque bank emphasized that BBVA has already made progress in deploying these priorities, although he insisted that it is necessary to continue deepening to transform them into concrete business opportunities for clients.
Finally, he emphasized the relevance of the territorial network, considering that it fulfills a "key" role in preserving closeness to the economic reality of each area and providing a more personalized support to each client.