Five Days / Bankia is no exception in the deterioration of the typical banking business caused by the very low interest rates. However, the entity has met market expectations with a net profit of 237 million compared to 242 analysts anticipated. The figure is 3.3% below the previous year’s results. Bankia adds, though, that when excluding the perimeter of 2015 the City National Bank of Florida, already sold, the result improved by 2.1%.
The fall of the results at the top of the account is greater . Net interest income, ie the difference between Bankia charges for pay and what you pay for borrowing has fallen by 16.7%, from 693 to 577,000,000 euros. The commissions have also dropped, and the entity has only palliated this deterioration by way of lower allocations to provisions, 59 million less (362 vs. 390) and lower extraordinary losses.
0,84 BANKIA -1.63% SPAIN: Bankia meets forecasts but gains a 3.3%
Information Five Dias
http://entornointeligente.com/articulo/8320643/ESPANA-Bankia-cumple-previsiones-pero-gana-un-33-menos
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