BBVA (BBVA) posted first-half net attributable profit of 1.51 billion euros, down 35.4% from last year, largely due to the impact of the Spanish financial reform, which affects mainly real estate assets and portfolios.
As of June 2012 and in accordance with international accounting criteria, BBVA had set aside 1.43 billion euros of the provisions related to real estate and included in the new legislation. Without these provisions net attributable profit for the half-year was 2.37 billion euros, 5.1% lower than the year-ago period.
Net interest income grew 14.9% year-over-year to 7.34 billion euros. The origins of this typical banking revenue reflect the balanced diversification between emerging markets and developed markets.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.