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Spain's BBVA books $172 million quarterly loss, Spanish lenders' NII pressured

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MADRID (Reuters) - Spanish bank BBVA booked a loss of 155 million euros (£130 million) in the fourth quarter due to impairments in its U.S. business, while a modest increase in overall lending income belied the struggle with low interest rates for lenders across Spain. BBVA's diversification overseas, especially in Mexico, has helped the bank cope with tough conditions in Europe in the years..
Date Published: Jan 31, 2020
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