October 27, 2016 / 5:31 AM / a year ago

Spain's BBVA posts 23 percent Q3 profit rise on adjusted basis

MADRID, Oct 27 (Reuters) - BBVA, Spain’s second-biggest bank, posted on Thursday a net profit of 965 million euros ($1.05 billion) in the third-quarter, above analysts’ forecasts and helped by strong business in its key Mexican market.

In the third quarter of last year, BBVA posted a 1.1 billion euro loss after taking a writedown of 1.8 billion euros in Turkey. On an adjusted basis, net profit in the third quarter of 2016 rose 23 against the same quarter as last year.

Net interest income, a measure of earnings on loans minus deposit costs, was 4.3 billion euros in the third quarter, down 4 percent againsts the same quarter of last year and just slightly above analysts’ forecasts. ($1 = 0.9173 euros) (Reporting By Jesús Aguado; editing by Sarah White)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below