BBVA Profit Falls Slightly on Lower Trading Income
July 27 2017 - 12:48PM
Dow Jones News
By Jeannette Neumann
MADRID--Banco Bilbao Vizcaya Argentaria SA on Thursday said that
net profit fell slightly in the second quarter versus a year
earlier on lower trading income from its bond portfolio.
BBVA said net profit was 1.1 billion euros in the second quarter
of this year compared to EUR1.2 billion a year earlier.
The Spanish lender said net interest income rose in the second
quarter to EUR4.48 billion compared to EUR4.2 billion a year
earlier.
Net interest income, a key profit driver for retail banks, is
the difference between what lenders earn from loans and pay for
deposits.
BBVA's capital ratio was 11.1% in June 2017 under international
regulations known as "fully loaded" Basel III criteria. BBVA, as
well as Spanish peer Banco Santander SA, have among the lowest
ratios of major European banks and investors are closely watching
how it builds its capital.
Write to Jeannette Neumann at jeannette.neumann@wsj.com
(END) Dow Jones Newswires
July 27, 2017 12:33 ET (16:33 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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