Banking refers to the activities and services provided by financial institutions that deal with money management. This includes accepting deposits, providing loans, and offering various financial services such as savings accounts, checking accounts, and investment options. Banking plays a crucial role in the economy by facilitating transactions, promoting savings, and enabling credit provision to individuals and businesses. It encompasses a range of institutions, from commercial banks and credit unions to investment banks and central banks, each serving different functions in the financial system. Banking helps to regulate money supply, provide security for deposits, and maintain liquidity in the economy, thus supporting overall financial stability and growth.
BBVA has achieved a historical milestone by surpassing $10 billion in profits, reaching $10.05 billion, a 25% increase from last year. The bank plans to distribute a total dividend of…