BBVA increases second-quarter profits by 18.3% a year

The Spanish bank BBVA announced Friday that its net profit had increased by 18.3% in the second quarter compared to the same period last year, due to the performance of its main market. , Mexico, offset a depreciation of the Turkish currency.

BBVA, the second largest bank in Spain, achieved a net profit of 1,310 million euros ($ 1,530 million) over the period from April to June. Average forecast of 1.18 billion euros in a Reuters survey

The bank's risk management and a portfolio mix with a high proportion of inflation-indexed bonds have limited the Impacts of the depreciation of the Turkish lira on its ratio According to its business, the company's net profit rose 15.4% to settle at 637 million euros. Strong operational evolution despite uncertainty surrounding the North American Free Trade Agreement (NAFTA) negotiations (Reuters)