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Spain's Bankinter Q1 profit up 45 pct

Source: Reuters - Thu 23rd Apr 2015
Spain's Bankinter Q1 profit up 45 pct

Spanish lender Bankinter on Thursday said its net profit had jumped 45% to EU87 million in Q1 of 2015 as credit rose amid an accelerating economic recovery in Spain.

The bank said net interest income, a measure of earnings from loans minus deposit costs, increased 25% to EU212 million, slightly above forecasts, while its return on equity ratio (ROE), which measures profitability, reached 10.28% at end-March, up from December.

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