Spain's second biggest bank, BBVA, said its net profit slumped in the second quarter due to a drastic rise in provisions, ordered by the government to cover its exposure to the beleaguered real-estate

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Spain's second biggest bank, BBVA, said its net profit slumped in the second quarter due to a drastic rise in provisions, ordered by the government to cover its exposure to the beleaguered real-estate market.

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