Fernando Gil Santivanes's questions to Banco Bilbao Vizcaya Argentaria SA (BBVA) leadership • Q2 2025
Question
Fernando Gil Santivanes of Intesa Sanpaolo asked about the bear case interest rate scenario for Spain in 2028 and its potential impact on ROA. He also inquired about market share targets in Spain by product and the new production mix for mortgages.
Answer
Global Head of Finance Luisa Gómez Bravo reiterated that the bank's NII sensitivity in Spain is approximately 4% for a 100 bps parallel rate shift, which can be used to model alternative scenarios. CEO Onur Genç stated that the growth focus is on gaining share in enterprises and consumer lending, while they expect to continue ceding share in the highly price-competitive mortgage market.