LatAm drives solid CIB numbers at BBVA
High levels of activity in South America and Mexico drove an increase in revenues of 26.4% and 44% respectively in corporate and investment banking in the first half of 2012 at BBVA.
The growth made up for falls of 15.9% in Spain, 10.8% in the rest of Europe and Asia, and 9.3% in the US and left the division with pre-tax profit of 874m for the first half, down 8.4% on H1 2011.
BBVA said the worsening of the debt
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