BBVA’s Q3 net profit rises 13% boosted by Spain and Mexico

Spain's BBVA on Tuesday posted a 13% rise in third-quarter net profit rose 13% buoyed by higher lending income in its main markets, Spain and Mexico. The third-biggest euro zone lender by market value booked a net profit of 2.08 billion euros ($2.20 billion) for the July to September period. The bank has relied on Mexico in the past to cope with tough conditions in Europe, but is now also benefiting – like European rivals – from higher interest rates in its home market.