The Spanish bank Bankia won 244 million euros until March … – Aguasdigital.com

                 Photo: EFE

The president of Bankia, Jose Ignacio Goirigolzarri (c) during the general meeting of shareholders held last week at the Palacio de Congresos de Valencia. EFE

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             The Spanish bank Bankia won 244 million euros until March, 12.8% more

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27/04/2015 03 10 (-6 GTM)

                Madrid, April 27 (EFE) .- The Spanish bank Bankia posted a net profit of 244 million euros (265 million dollars at current exchange rates) between January and March 2015, 12.8% higher than a year earlier.
According reported the company at the Comisión Nacional del Mercado de Valores (CNMV), the net result of nationalized Banco Financiero y de Ahorros (BFA), matrix Bankia, reached 919 million euros (998 million dollars) 3.5 times longer than until March 2014.
These benefits were due to gains on the sale of portfolios of sovereign debt, without which the profit would have been 285 million, compared with 279 million a year before.
Bankia ended the first quarter of 2015 with a delinquency of 12.62% compared to 14.31% in March last year.
The company was born in 2011 as a result of the merger of seven savings and chaired by the former head of the International Monetary Fund (IMF) Rodrigo Rato.
That same year went public, but in May 2012 the Spanish government announced the nationalization of Banco Financiero 100% y de Ahorros (BFA), matrix Bankia.
His former directors, headed by Rato, are engaged in a prosecution for alleged irregularities in the IPO and the fraudulent use of cards issued by the bank to its directors and senior managers and whose use is not declared to the tax authorities.