(Adds missing pct in headline)
MADRID, April 27 Spain's BBVA posted
on Thursday a near 70 percent rise in first quarter net profit
from a year earlier, helped by extraordinary capital gains and
lower provisions, and with a lift to revenues in its key market
BBVA, Spain's second largest bank, reported net profit of
1.20 billion euros ($1.31 billion) in the first three months of
the year against, beating an average of analysts' forecasts in a
Reuters poll of 1.12 billion euros.
In the first quarter, BBVA booked net capital gains of about
177 million euros after it sold a 1.7 stake in February in China
Citic CNCB bank.
Net interest income, a measure of earnings on loans minus
deposit costs, was 4.32 billion euros, up 4 percent from a year
($1 = 0.9169 euros)
(Reporting by Angus Berwick and Jesus Aguado)