July 31, 2019 / 5:38 AM / 19 days ago

BBVA Q2 net profit up 2.6% on lower impairments

MADRID, July 31 (Reuters) - Spain’s BBVA said on Wednesday its second-quarter net profit rose 2.6% thanks to lower loan loss provisions and a stable performance in Mexico which offset a lean business in Turkey.

BBVA, Spain’s second largest bank, reported net profit of 1.28 billion euros ($1.43 billion) in the period April to June, above an average of analysts’ forecasts in a Reuters poll of 1.21 billion euros.

$1 = 0.8965 euros Reporting By Jesús Aguado Editing by Jose Elías Rodríguez

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