October 28, 2019 / 6:38 AM / 20 days ago

Spain's Bankia Q3 net profit falls 23% due to higher provisions

MADRID, Oct 28 (Reuters) - Spain’s state-owned lender Bankia on Monday posted a 23% fall in the third quarter net profit from a year earlier due higher loan loss provisions.

Net profit for the quarter came in at 176 million euros ($195.15 million), slightly above an average of 173 million euros forecast by a Reuters poll, while net interest income was 502 million euros, up 1.4% from the same period a year earlier but 2.7% down against the previous quarter.

$1 = 0.9019 euros Reporting By Jesús Aguado; editing by Jose Elías Rodríguez

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