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BBVA, profit collapses in 2012: -44%

The second Iberian institution has published a net profit of 1,67 billion euros for the whole year, pending with forecasts.

BBVA, profit collapses in 2012: -44%

Spanish bank BBVA today announced a 44% drop in net profit in 2012: the second largest Iberian bank posted a net profit of 1,67 billion euros for the whole year, a figure in line with analysts' expectations by Reuters.

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