Key Points
SummaryCompaniesQ3 net profit up 13% to 2.1 bln euros, slightly above forecastsQ3 NII up 22.5% to 6.4 bln euros, beating forecastsEnds quarter with capital ratio of 12.73%..
MADRID, Oct 31 (Reuters) - Spain's BBVA (BBVA.MC) on Tuesday posted a 13% rise in third-quarter net profit rose 13% buoyed by higher lending income in its main markets, Spain and Mexico...
In an uncertain economic environment, the bank's cost of risk, which measures the credit risks and potential losses for the bank, rose to 111 basis points (bpd) from 104 bps at the end of June, higher than guidance of around 100 bps for the year...
At a group level, BBVA's net interest income (NII), or earnings on loans minus deposit costs, rose 22.5% year on year to 6.4 billion euros, topping the 6.05 billion expected by analysts...
In Mexico, the bank's net profit rose 21% while NII climbed 30% supported by higher lending activity despite higher funding costs...
You might be interested in
India Yes Bank’s net profit drops 45% in January-March on higher provisions
22, Apr, 23India's Yes Bank on Saturday reported a near 45% drop in net profit year-on-year for the January-March quarter as provisions for bad loans and security receipts increased.
ING announces new buyback programme, Q3 net profit beats estimates
02, Nov, 23ING Groep (INGA.AS), the largest Dutch bank, on Thursday announced its second share buyback programme of the year, of up to 2.5 billion euros ($2.65 billion), following third-quarter net profits that more than doubled from the previous year.
Yes Bank Q3 profit surges but falls short of estimates
27, Jan, 24India Business News: Yes Bank's Q3 net profit more than quadruples as loan-loss provisions drop; net profit rises to 2.31 billion rupees from 515.20 million rupees last ye
Lender ABN Amro misses net interest income forecasts, shares tumble
08, Nov, 23ABN Amro's (ABNd.AS) shares fell almost 9% on Wednesday, their biggest decline since March, after the Dutch bank's quarterly net interest income (NII) missed expectations due to higher interest payments on consumer savings.
Caixabank's Q3 net profit rises 70% on higher lending income
27, Oct, 23Spain's Caixabank (CABK.MC) said on Friday its net profit rose 70% in the third quarter from the same period in 2022 as higher interest rates boosted lending income despite a decline of its loan portfolio.
IndusInd Bank Q4 Results: Profit Rises 46%, Beats Estimates
24, Apr, 23A slide in provisions and rise in core income boosted IndusInd Bank's Q4 net profit.
Macquarie sees higher income from commodities arm, logs record profit
05, May, 23Australia's Macquarie Group on Friday forecast higher short-term income from its lucrative commodities trading business as price volatility and increased hedging boosted the company's annual profit to a record high.
StanChart profit beats forecasts on boon from rising rates
26, Apr, 23Standard Chartered PLC (StanChart) on Wednesday said first-quarter profit jumped 21%, beating expectations, as rising interest rates buoyed income from its cash management and retail banking businesses.
India cenbank sold net $3.86 bln in spot forex market in August – bulletin
19, Oct, 23The Reserve Bank of India (RBI) sold a net $3.86 billion in the spot foreign exchange market in August, according to data released on Thursday as part of the central bank's monthly bulletin.