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Remuneration of BBVA's chairman and its CEO falls 3% in 2025
Reuters· 2026-02-13 17:31
Core Viewpoint - BBVA's executive chairman Carlos Torres and CEO Onur Genc experienced a reduction in their total remuneration packages by approximately 3% and 2.5% respectively in 2025 compared to 2024, attributed to unmet short-term incentives rather than the failed takeover bid for Sabadell [1]. Summary by Relevant Categories Executive Remuneration - Carlos Torres' total remuneration decreased to 8.108 million euros in 2025, while Onur Genc's remuneration fell to 6.97 million euros [1]. - The decline in remuneration is not directly linked to the unsuccessful takeover bid but rather due to certain short-term performance incentives not being achieved [1]. Takeover Bid - BBVA's attempt to acquire Sabadell, valued at over 16 billion euros (approximately $19 billion), was unsuccessful [1]. - Despite the failed bid, BBVA's shares have increased by 22%, while Sabadell's shares have decreased by over 2% since the bid's collapse [1]. Strategic Goals - BBVA aims to achieve an accumulated net attributable profit of around 48 billion euros during the 2025-2028 period and plans to distribute 36 billion euros to shareholders over the same timeframe [1]. - The bank reported a record net profit of 10.51 billion euros for 2025 [1].