UPDATE 2-Spains' Banesto says resilient to sharp downturn | Reuters: "Spanish bank Banesto (BTO.MC) posted a 6.8 percent fall in first-half profit after hiking bad-debt provisions, but said its capital levels were resilient if the Spanish economy deteriorated sharply.
Banco Espanol de Credito SA (Banesto), majority-owned by Banco Santander SA (SAN.MC) and the first Spanish bank to report first-half results, said it made one-off provisions of 85 million euros ($108 million) in the first half."
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