Banco Bilbao Vizcaya Argentaria SA

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Banco Bilbao Vizcaya Argentaria SA

Despite its Spanish origins, BBVA generates only around a quarter of its profits in Spain. We expect that on a normalised basis, BBVA's market-leading Mexican bank should contribute half of its earnings, while its Turkish operation should account for another 15%. The balance of BBVA's earnings comes from smaller operations in South America. BBVA is overwhelmingly a retail and commercial bank, with corporate and investment banking forming a minor part of the overall business.BBVA also offers insurance and investment products through its banking networks.