Spanish banking group BBVA has reported a net attributable profit of EUR940m for the fourth quarter of 2015, a 36.4% increase compared to EUR689m for the same period of 2014.
Net interest income for the quarter stood at EUR4.41bn, a rise of 3.9% compared to EUR4.25bn a year ago.
Operating income dropped 0.2% to EUR2.85bn from EUR2.86bn in the corresponding quarter of 2014.
Provisions for bad loans dropped to EUR157m in the fourth quarter of 2015 from EUR513m a year ago.
BBVA group executive chairman Francisco González said: "In 2015 BBVA showed its enormous ability to generate earnings in a complex environment, while moving ahead decisively in its transformation. We face 2016 with optimism."