BBVA's Q2 net profit falls 2% from same period a year ago

Spain's BBVA BBVA on Thursday said its second quarter net profit fell 2% compared to the same period in 2024 as lower interest rates squeezed lending income.

The bank booked a net profit of 2.75 billion euros ($3.14 billion) in the April to June period, compared to 2.79 billion euros in the same period last year.

Analysts polled by Reuters expected a net profit of 2.37 billion euros.

($1 = 0.8747 euros)