Onur Genç
CEO & Executive Director at Banco Bilbao Vizcaya Argentaria
So in that sense, we put the space to show you that in this period of 2021, 2024, we have generated a cumulative total of €35,600,000,000 of capital. And as you can see in this slide, what did we do with this capital generation? First, we have continued investing in the future capital generation capacity of the group, mainly by growing our business, our loan book in a profitable way, and I underscore profitable once again here, which consumed €13,200,000,000 of capital. 2nd, we have been accumulating excess capital, as shown in the increase of our CET1 ratio since 2021, in the amount of €4,200,000,000 And 3rd, in total, the shareholder distribution would be €18,300,000,000 cumulative since 2021, €11,900,000,000 of that in cash dividends and the rest, €6,400,000,000 in share buybacks. It's a wonderful page in my view, and I remind you that we have actually delivered more capital in 4 years than the market capitalization of the bank at the beginning of this period.