Spain's BBVA Q1 profit more than doubles on China gain

April 29, 2015 5:41 AM

51 0

MADRID, April 29 (Reuters) - Spain's BBVA on Wednesday said net profit more than doubled in the first quarter from a year ago, beating forecasts and boosted by the sale of a stake in China's CITIC Bank.

Profit at Spain's second-biggest bank came in at 1.54 billion euros ($1.69 billion), compared to the 1.37 billion euros expected in a Reuters poll of analysts. Net interest income rose 8 percent from a year ago but missed forecasts.

Also read: Abu Dhabi Commercial Bank Q3 net profit falls 17 pct

Read more

To category page