Banco Popular Espanol SA, a Spanish lender, is reviewing the profit forecasts it gave in October to back a $3.3 billion capital increase, Chairman Angel Ron said.
"We are re-examining them and when we have reached a conclusion we will communicate it in an opportune way," Ron told reporters in Madrid today after the bank’s annual shareholders’ meeting, adding that economic forecasts for Spain had worsened. "Everything is re-examined as conditions evolve."
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