Spain's second-largest lender, BBVA, reported Q3 net profit that exceeded estimates, thanks to high interest rates supporting lending revenue. This offset a rise in provisions for souring loans and a loss in Turkey. The bank's net profit rose by 13%, driven by strong performance in Spain and Mexico. However, the bank also noted a further deterioration in South America.
BBVA sees further deterioration in South America, overshadowing Q3 profit gain https://t.co/M1xjZ634SX https://t.co/SVjHq2fTIP
BBVA's Q3 net profit rises 13% boosted by Spain and Mexico https://t.co/Vkv0vXrgyB https://t.co/xkWh39hk2T
Spain’s second-largest lender BBVA reports earnings that beat estimates as high interest rates support lending revenue, offsetting a pick-up in provisions for souring loans and a loss in Turkey https://t.co/JhPpcDrqEc
31/10/2023 Headlines: 1. BBVA Reports Q3 Net Profit 2. World Bank Warns of Dual Energy Shock 3. USD/JPY Steadies Above 149.00 4. Yen Weakens as BOJ Tweaks Yield Control #quanticX #quanticXDailyNews Follow us for more! https://t.co/Oq4fvIqqfD
⚠️ BBVA'S Q3 NET PROFIT RISES 13% BOOSTED BY SPAIN AND MEXICO Full Story → https://t.co/HwqJPN5RNy
Spain’s second-largest lender BBVA reports earnings that beat estimates as high interest rates support lending revenue, offsetting a pick-up in provisions for souring loans and a loss in Turkey https://t.co/JWaDMHDPEa