Financial Times FT.com

BBVA boosted by expansion in US and China

MADRID, July 28 - Spain’s second-largest bank BBVA posted an 11.6 per cent rise in first-half recurrent net profit on Monday, in line with forecasts as its US and Latin American assets made up for slower growth at home.

In a statement, BBVA said net profit totalled €2.93bn ($4.6bn), slightly ahead of a forecast of €2.91bn in a Reuters poll of 10 analysts.

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