Saturday, June 15, 2013 7:36:47 PM
Banco Bilbao Vizcaya Argentaria SA (BBVA, BBVA.MC) said Wednesday that a change in its mortgage structure contracts will have an adverse impact on its June net profit.
In a filing to the Spanish stock market regulator, Spain's second-largest bank by market capitalization said its net profit in June will be reduced by 35 million euros ($46.7 million) after Spain's Supreme Court banned banks from overcharging consumers on variable mortgage rates when the Euribor benchmark interest rate dropped below a floor rate set by the banks.
BBVA said it will cease to include the clause of setting a minimum interest rate in its mortgage contracts, retroactively from May 9, which is the date when the court ruling was released.
The bank added that the impact on coming months will be determined by the performance of the one-year Euribor rate.
http://ih.advfn.com/p.php?pid=nmona&article=57968981
* I do not own shares of BBVA at this time. PPS as of 6/14/2013 was $8.91
Learn something new every time you invest...and take it with you to the next opportunity.
Recent BBVA News
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 09/25/2024 05:52:25 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 09/25/2024 04:32:55 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 09/05/2024 06:23:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/05/2024 06:13:51 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 09/03/2024 01:19:49 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/03/2024 01:10:56 PM
- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 08/08/2024 08:47:26 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/31/2024 03:54:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/31/2024 03:46:58 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/31/2024 03:17:52 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/31/2024 01:13:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/24/2024 02:43:57 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 07/08/2024 05:28:25 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 05/24/2024 05:55:49 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/24/2024 04:30:25 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 05/16/2024 03:51:58 PM
- Form 13F-HR - Quarterly report filed by institutional managers, Holdings • Edgar (US Regulatory) • 05/13/2024 05:55:43 PM
- U.S. Futures Rise in Pre-Market Trading Amid Key Federal Reserve Meeting and Earnings Week Ahead • IH Market News • 04/29/2024 11:12:54 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/08/2024 12:45:25 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 03/06/2024 09:20:01 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 03/05/2024 01:10:43 PM
- Form IRANNOTICE - Notice of disclosure filed pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (Exchange Act Section 13(r)). • Edgar (US Regulatory) • 03/01/2024 07:14:59 PM
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 03/01/2024 07:02:01 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/01/2024 11:24:49 AM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM