Banking refers to the business or system of providing financial services and managing money. It encompasses a variety of activities related to the management of funds, including accepting deposits, granting loans, facilitating payments, and providing investment products. Banks serve as intermediaries between individuals, businesses, and government entities, helping to mobilize savings into productive investments. The primary functions of banking include safeguarding deposits, extending credit, and offering services like checking and savings accounts, mortgages, and various financial products. The banking sector plays a crucial role in the economy by contributing to the stability and growth of financial systems.
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…