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July 31, 2012 at 03:00 AM EDT
BBVA net profit drops 58% as provisions soar
BBVA on Tuesday becomes the latest in a long list of Spanish banks to report second-quarter earnings dented by its need to set aside billions of euros to cover losses from the country’s deepening real-estate crisis.
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Banco Bilbao Vizcaya Argentaria S.A. ADS
DFM BANK IND
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