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BBVA BBVA Bilbao Vizcaya Argentaria SA

10.59
0.17 (1.63%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BBVA Bilbao Vizcaya Argentaria SA NYSE:BBVA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.17 1.63% 10.59 10.64 10.40 10.56 3,617,295 01:00:00

BBVA Profit Falls Slightly on Lower Trading Income

27/07/2017 5:48pm

Dow Jones News


BBVA Bilbao Vizcaya Arge... (NYSE:BBVA)
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From May 2019 to May 2024

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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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