Sabadell's Q2 net profit rises 0.6% from same period in 2024

MADRID, July 24 (Reuters) - Spain's Sabadell SABE.MC on Thursday said its second-quarter net profit rose 0.6% from the same period in 2024 thanks to lower overall provisions.

The country's fourth-largest bank in terms of market value reported a net profit of 486 million euros ($570.95 million) in the April to June period compared to 483 million euros in the same period last year.

Analysts polled by Reuters expected a net profit of 444 million euros.

($1 = 0.8812 euros)