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Spain's Bankinter H1 net profit up 32%

Source: Reuters - Thu 23rd Jul 2015
Spain's Bankinter H1 net profit up 32%

Spanish lender Bankinter posted on Thursday a 32% rise in first-half net profit to EU197 Mln, beating analysts' forecast thanks to higher revenues and improving margins.

The bank, Spain's seventh-biggest by market value, also said profits were up 7.5% in Q2 from the first three months of the year.

Bankinter is the first Spanish lender to report earnings for the period but as one of the most profitable and low-risk Spanish bank it is usually not representative of the rest of the sector.

Recommended Reading :

* Spain's Bankinter Q1 profit up 45%

* 10 Spanish Banks reported for illegal fees

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