BUENOS AIRES Aug 10 BBVA Banco Frances
(FRA.BA), the Argentine affiliate of Spanish bank BBVA(BBVA.MC), reported on Wednesday a second-quarter net profit of
197 million pesos ($46.1 million), versus a 203.4 million peso
profit a year before.
The net profit was lower than market expectations. A
Reuters poll of four analysts had put the bank's net profit at
a median of 225 million pesos, with estimates ranging from 201
million to 251 million pesos.
BBVA Banco Frances is the sixth-most heavily weighted stock
on Argentina's Merval .MERV benchmark index, accounting for
6.10 percent of it.
($1 = 4.2725 pesos on June 30)
(Reporting by Jorge Otaola; Writing by Luis Andres Henao;
Editing by Gerald E. McCormick)