MADRID, July 28 (Reuters) - Spain's second-largest bank BBVA <BBVA.MC> posted first-half recurrent net profit of 2.93 billion euros ($4.60 billion) on Monday, up 11.6 percent and in line with analysts' forecasts.
Including one-offs like the sale of a 5 percent stake in Brazilian bank Bradesco <BBDC4.SA>, net profit fell 7.9 percent to 3.11 billion euros.
Net interest income at the bank, which has expanded into the southern United States and China in the past couple of years, rose 23.2 percent to 5.69 billion euros, ahead of analysts' forecasts.
A Reuters poll of 10 analysts had forecast recurrent net profit of 2.91 billion euros and net interest income of 5.58 billion euros.
(Reporting by Jane Barrett, Writing by Paul Day) ($1=.6369 Euro) Keywords: BBVA/ tf.TFN-Europe_newsdesk@thomsonreuters.com ms1 COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Including one-offs like the sale of a 5 percent stake in Brazilian bank Bradesco <BBDC4.SA>, net profit fell 7.9 percent to 3.11 billion euros.
Net interest income at the bank, which has expanded into the southern United States and China in the past couple of years, rose 23.2 percent to 5.69 billion euros, ahead of analysts' forecasts.
A Reuters poll of 10 analysts had forecast recurrent net profit of 2.91 billion euros and net interest income of 5.58 billion euros.
(Reporting by Jane Barrett, Writing by Paul Day) ($1=.6369 Euro) Keywords: BBVA/ tf.TFN-Europe_newsdesk@thomsonreuters.com ms1 COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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