BBVA's profit rose 10.8% in the first quarter of the year to 2.989 billion euros, driven by dynamic banking activity and strong recurring revenue performance, the bank revealed this Thursday, the 30th. In information sent to the Spanish National Securities Market Commission (CNMV), the bank notes that the first-quarter accounts include a provision of around 81 million euros for the tax on interest margins and fees in Spain, known as the bank tax, in line with the 85 million from the same period in 2025. Additionally, BBVA announced that it will begin the final tranche of its extraordinary share buyback programme next week, worth a maximum of 1.46 billion euros, bringing the total value of shares repurchased by the bank since December 2025 to nearly 4 billion euros. The bank's net profit for the first quarter of 2026, excluding currency fluctuations, would have increased by 14.1%. Net interest income grew 20.2% year-on-year to 7.537 billion euros, driven mainly by Turkey, South America, and Mexico, while gross revenue, which includes fees and commissions, grew 18.3% to 10.652 billion euros.