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The increase in provisions at the bank, the largest in Spain after Banco Santander, depressed BBVA's bottom line.
The Edinburgh-based insurer admitted that its operating profits in the six months to the end of June had been hit by an increase in provisions of £100m.
Roche's chairman and chief executive, Franz Humer, called today's increase in provisions a prudent step toward cleaning up a regrettable problem.
The German bank has suffered from lower trading revenues and was forced to make a steep increase in provisions for bad loans.
Munich Re, the leading company in reinsurance -- the coverage of risks for other insurance companies -- said today that it had lost $375 million in the quarter ended June 30, because of the slump in stock markets and an increase in provisions for claims arising from the terrorist attacks of Sept. 11.
"Unfortunately the distraction of the branch sales, an increase in provisions for PPI and the general macro environment are heavy burdens to bear," said Richard Hunter at Hargreaves Lansdown Stockbrokers.
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"We desperately need a huge increase in provision of specialist counselling and support services for survivors of sexual abuse.
Lloyds, Britain's fifth-largest retail bank, attributed the decline to a 38percentt increase in provision for bad debts in 2001 and falling revenue from its Scottish Widows investment unit.
If the government really cared about ensuring patients died good deaths in UK hospitals – kind and compassionate deaths, the best possible deaths we in the NHS are capable of providing – then they would fund a radical increase in provision of palliative care.
However, this found that there was no departmental clustering of responses, such as would allow a focused increase in provision of workstations.
It has also been shown that gas infrastructure outages pose problems for the location of power system reserve provision, with a 150% increase in provision across a power system transmission bottleneck.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com