Lower profit for Spanish BBVA


The Spanish bank BBVA closed the third quarter with a lower profit than a year earlier. This is mainly because the financial services provider sold a Chilean business unit a year ago. If the divestment is not included, the net result will increase.

Profit for the past quarter amounted to 1.2 billion euros, compared to 1.8 billion euros a year earlier. Cleaned for the divestment in Chile, there was a profit increase of 6.1 percent.

BBVA managed to increase net interest income by 3.2 percent at constant exchange rates, to 1.3 billion euros. In particular, markets in Mexico and South America were good for growth. Revenues from trading activities increased by more than three-quarters to 351 million euros.

By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts


About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.