C&IB highlights in the first quarter
- Prioritization of prices over volumes.
- Resilient operating income.
- Several awards and recognitions received in the quarter..
Industry Trends
In the first quarter of 2012 activity in wholesale markets slowed compared with the same period of the previous year, with the number of transactions and volumes down. Equity markets were particularly hard hit.
Despite this situation, BBVA has maintained its level of earnings due to the Group’s differential model based, above all, on a strong relationship with its customers. This provides high quality and highly recurring earnings.
