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Spanish bank - Banco Popular reported nine-month net profit down 20 percent on Friday, hurt by increased provisions against bad assets as it battled a sluggish home economy.
Net profit for the nine months to end-September came in at 521.4 million euros ($724 million) compared with analyst expectations for 501 million.
Bad loans as a percentage of total lending rose to 5.17 percent at the end of September from 5.04 percent at the end of June.
Popular put aside 1.53 billion euros in provisions during the period, results showed on Friday. ($1=.7205 Euro)
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