BBVA increases adjusted profit of 23% in third quarter – Investing.com Spain

MADRID (Reuters) – BBVA (MC:) on Thursday announced a 23 per cent in the third quarter of the year, in a few accounts in which the reduced financing costs offset a reduction in margins of business under pressure.

The benefit of July-September stood at 965 million euros, compared to the 852 million expected by analysts, according to the simple average of a survey conducted by Reuters of nine analysts.

The interest margin – the difference between what the bank earns on loans and pays on deposits – fell to 4.0 percent year-on-year in the third quarter to 4.310 million, although improved compared to the second quarter of this year. The experts consulted expected average 4.228 million euros

In the first nine months of the year, the net profit without having operacines corporate fell 0.6 percent to 2.797 million, while the net interest accrued to September increased 5.5 percent to 12.674 billion.

The bank will submit the figures to analysts at 09.30 hours.

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