Spain's BBVA posts 1.1 bln euros loss in Q3, hit by Turkey

October 30, 2015 6:28 AM

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MADRID Oct 30 Spain's second-biggest bank BBVA on Friday posted a 1.1 billion euros ($1.21 billion) loss in the third quarter, worse than analysts' expectations for a 875 million euro loss, as it was hit by a one-off writedown of 1.8 billion euros in Turkey.

Net interest income, a measure of earnings on loans minus deposit costs, was however slightly better than expected for the third quarter at 4.5 billion euros.

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