Madrid, April 26 (EFE) .- The big Spanish banks earned nearly 3,800 million euros in the first quarter of 2015, up 56% from a year earlier as point estimates of market consensus, which, however, will have to be verified in the coming days, when the missing entities submit their accounts.
Specifically, Monday, April 27, Bankia publish its results for the first quarter 2015 results, with profits that could reach 236 million euros, up 26.9% from March 2014, according to the consensus of analysts.
On Tuesday, the Santander group who will disseminate its market accounts, which consensus expects the entity headed by Ana Patricia Botín earn about 1,670 million euros.
A result that would exceed 1,303 million euros earned between January and March 2014.
However, Rent4 analysts expect the benefit of Santander rises above 1,700 million euros, which would increase 31% over the previous year.
The second major Spanish bank BBVA, published their findings on Wednesday, April 29.
According to the market consensus consulted by Efe, BBVA get a profit of 1,226 million euros, a gain that if confirmed would be much higher than the 624 million euros earned in the first quarter last year.
Between January and March 2014, BBVA won a 64% lower due to the absence of extraordinary income achieved a year earlier, and the negative impact of exchange rates against the euro.
The latest results will present the People’s Bank, which will make the Thursday, April 30.
The experts expect the entity publishes a profit of 85 million euros, a gain that also would exceed 63 million by 2014, when the bank has already made net provisions 385 million.
This week, two other entities that belong to the large Spanish banks have already submitted their accounts to the market.
The first was CaixaBank, which has doubled its profit in the first quarter of this year, to 375 million euros, after the incorporation of the retail business of Barclays in Spain, whose acquisition formalized in January.
Similarly, Banco Sabadell has already announced that in between January and March has earned a net profit of 174.6 million euros, 115.2% more than in 2014, once applied the new accounting standards and having allocated 906.5 million to provisions.
Both entities have stressed that this first quarter was characterized by positive trends in customer funds, and dynamism in credit demand
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