MADRID (MarketWatch) -- Spanish banking group BBVA SA on Thursday said it swung to a fourth-quarter loss of 139 million euros ($183 million), against a profit of €939 million in the year-ago period. Last month BBVA announced a goodwill write-down of €1.5 billion related to its U.S. business, lowering 2011 profit by €1 billion. Analysts polled by
Dow Jones Newswires were forecasting a profit of €152 million, but apparnatly not all analysts had included that writedown in their forecasts. For the fourth quarter, net interest income was €3.49 billion, against €3.14 billion in the year-ago period. BBVA's non-performing loan ratio at the end of 2011 was 4%. BBVA said its liquidity position for 2012 is "comfortable," saying it has reduced its funding requirements and redemptions in 2012 are well below the average of its peer group.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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