Basque banks shoot up their provisioning by 150% due to credit uncertainty

2023-08-24 08:49:59

BBVA bank office located on a street in Bilbao. efe

Although defaults have not grown, BBVA, Kutxabank and Laboral Kutxa allocated 107.5 million to their coverage in the first half

Thursday, August 24, 2023, 08:49

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An increase in profits of over 50%, a solid liquidity situation and solvency ratios that, according to the latest stress tests of the European Central Bank (ECB), place Basque banks at the head of the euro zone. They are, among other things, consequences of…

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