UPDATE 2-Spain's BBVA, Caixabank report profit bounce, calm worries about new markets

viernes 29 de julio de 2016 08:04 GYT

* BBVA Q2 profit up 58 pct, Caixabank's up 34 pct

* BBVA says no impact on Turkish business since coup

* Caixabank says still focused on BPI takeover bid

* Net interest income at both banks unchanged (Adds details from analyst calls, news conferences)

By Jesús Aguado and Angus Berwick

MADRID, July 29 (Reuters) - Spanish lenders BBVA and Caixabank both reported stronger than expected profit growth on Friday and said they were committed to new businesses outside their core markets as they seek higher margins.

BBVA and Caixabank, Spain's second- and third-biggest banks respectively, bounced back from a tough first quarter when profits fell sharply. BBVA's second-quarter profit rose 58 percent, above analysts' estimates in a Reuters poll, while Caixabank's rose 34 percent over the same period.

BBVA said it was committed over the long term to its business in Turkey, where it has a majority stake in lender Garanti, after a failed military coup earlier this month cast uncertainty over the country's future. The Turkish arm accounts for almost 14 percent of the group' profits.

The July 15 coup had not affected its business activity or its asset quality, the bank's CEO Carlos Torres said on a conference call with analysts, adding the bank had insurance against currency variations that protect its balance sheet.   Continuación...