Spanish bank BBVA has posted a net attributable profit of EUR1.29bn, or EUR0.33 per basic share, for the second-quarter of 2010, compared to EUR1.56bn, or EUR0.42 per basic for the same quarter last year. During the second quarter, the bank set aside EUR250m in provisions for insolvencies.
Operating income in the second quarter of 2010 declined to EUR3.32bn from EUR3.47bn in the same quarter last year. A total of 40% of the operating income generated in the quarter has been allocated to impairment on financial assets.
Net interest income for the second quarter of 2010 declined to EUR3.55bn from EUR3.58bn reported for the same quarter of 2009.
For the first half of 2010, the bank has posted a net attributable profit of EUR2.52bn, or EUR0.66 per basic share, compared to EUR2.8bn, or EUR0.76 per basic share, for the same half of 2009.
Net interest income for the first six months of 2010 increased to EUR6.94bn from EUR6.86bn in the same period last year.