MADRID, Feb 1 (Reuters) - Spanish bank BBVA posted on Wednesday a 28 percent fall in fourth-quarter net profit due to a sharp drop in the peso in its largest market of Mexico and by one-off charges related to mis-sold mortgages. Spain’s second largest bank said net profit came in at 678 million euros ($731.09 million) for the quarter, above the average of analysts’ estimates of 548 million euros. Full-year net profit for 2016 was up 32 percent to 3.5 billion euros after 2015 earnings were affected by a 1.8 billion euros writedown in Turkey, in line with analysts’ forecasts. BBVA said that a ruling from Europe’s top court in December on dispusted mortgage clauses knocked its earnings by 404 million euros in net provisions in the fourth quarter. $1 = 0.9274 euros Reporting By Jesús Aguado and Angus Berwick
BBVA - FY 2016 net profit of €3.5bn ($3.8bn), up 32 percent YoY, beating estimates after a €1.8bn writedown on Turkey in 2015.