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Stock impact report

UPDATE 1-BBVA, Sabadell cut bad loans, lending revenue pressure persists [Reuters (UK)]

Banco Bilbao Vizcaya Argentaria S.A. (BBVA) 
US:NYSE Investor Relations: shareholdersandinvestors.bbva.com
Company Research Source: Reuters
UPDATE 1-BBVA, Sabadell cut bad loans, lending revenue pressure persists | Reuters Reuters Staff 3 Min Read * BBVA’s Q3 net profit up 18.5 pct * Sabadell’s Q3 net profit down 8.3 pct * Both lenders reduce bad loans by 2 bln euros (Wraps BBVA, Sabadell, adds details) By Jesús Aguado MADRID, Oct 27 (Reuters) - BBVA and Sabadell , which are among the Spanish banks with the highest exposure to Catalonia, both showed progress in shrinking their bad loan portfolios in the third quarter. But while a economic recovery and a property rebound has allowed most of Spain’s banks to tackle toxic balance sheets faster than peers in Italy, results from BBVA and Sabadell underlined that pressure on revenue from lending remains. Around a third of total deposits at Sabadell and BBVA come from Catalonia, whose attempt at independence from the rest of Spain has spooked financial markets and bank depositors, driving some companies to relocate from the region. Friday’s results showed BBVA, the country’s sec Show less Read more
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