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Spain's Caixabank posts net loss of 182 mln euros in Q4

Source: Reuters - Fri 29th Jan 2016
Spain's Caixabank posts net loss of 182 mln euros in Q4

Spain's third-biggest lender Caixabank on Friday posted a EU182 Mln loss in Q4 of 2015 after it was hit by one-off costs, including writedowns at energy firm Repsol in which it holds a stake.

Caixabank, which owns 12.14% of Repsol's capital, reported a 31.% rise in full-year net profit to EU814 Mln thanks to the acquisition of Barclays' Spanish retail business, although that was short of a EU1.1 Bln Reuters forecast.

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