Spanish bank BBVA reported Wednesday its fourth quarter net profit dropped 94 percent to (EURO)31 million ($44 million) due to loan losses and other provisions related to the recession. Spain's second-largest bank by market capitalization said that excluding the one-off costs totaling (EURO)1.05 billion ($1.48 billion) its profit would have been (EURO)1.08 billion, similar to the figure for the last quarter of 2008. Fourth quarter gross income rose 15 percent to (EURO)5.3 billion. For all of 2009, BBVA said its profits were down 16 percent to (EURO)4.2 billion. BBVA shares were down 5 percent at (EURO)11.43 in early trading. 