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Sabadell's Q3 net profit falls 77% as provisions rise, beats forecast

MADRID, Oct 30 (Reuters) - Spain’s Banco Sabadell posted on Friday a 77% drop in third-quarter net profit from a year ago on higher overall loan loss provisions.

The country’s fifth-largest bank in terms of total assets reported a net profit of 57 million euros ($67.4 million) in the July to September period. Analysts polled by Reuters had predicted a net profit of 13 million euros.

Reporting by Jesús Aguado, editing by Andrei Khalip

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