MADRID, Oct 27 (Reuters) - Spain’s BBVA posted on Friday a 18.5 percent increase in net profit in the third quarter against the same period last year due to a solid performance in its main market, Mexico.
BBVA, Spain’s second largest bank, reported net profit of 1.14 billion euros ($1.33 billion) in the period July to September, slightly above an average of analysts’ forecasts in a Reuters poll of 1.04 billion euros.
Net interest income, a measure of earnings on loans minus deposit costs, was 4.4 billion euros, up 2.1 percent from a year ago, but down 1.8 percent against the previous quarter.
Analysts had forecast a NII of 4.4 billion euros. ($1 = 0.8596 euros) (Reporting By Jesús Aguado; Editing by Paul Day; Editing by Paul)