BBVA's nine-month net profit up 86 percent to 3.1 billion euros
MADRID (Reuters) - BBVA , Spain's second-biggest bank, on Friday posted a nine-month net profit of 3.1 billion euros (£2.64 billion), nearly double what it made in the same period a year ago but below analysts' expectations.
Like peers, BBVA has set less money aside to counter soured debts than in 2012, and a series of Latin American disposals earlier this year have also helped profits.
Analysts polled by Reuters had forecast it would make a nine-month net profit of 3.505 billion euros, though predictions had varied widely, distorted by estimations over one-off gains to be booked in the third quarter.
Nine-month net interest income fell 3.2 percent from a year ago to 10.85 billion euros, in line with forecasts.
(Reporting by Sarah White, Editing by Julien Toyer)
