BBVA results

BBVA2

BBVA Q1’16 Falls 53.8% To 709 Mn Euros On Currency Impact

Spain’s second biggest bank BBVA said it posted a 53.8% drop in net profit to 709 million euros in the first quarter to March from a year earlier. The bank explained that quarterly results were hampered by a number of factors, including the impact of exchange rates, lower results from NTI and the lack of corporate operations.