Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain's Caixabank posts 29 pct profit rise in 2016

Source: Reuters - Fri 3rd Feb 2017
Spain's Caixabank posts 29 pct profit rise in 2016

Spain's third biggest Caixabank on Thursday reported a 28.6 percent rise in its 2016 net profit from a year earlier due to a favourable comparison against the previous year when results were hit by huge writedowns in the last quarter.

Caixabank, which is in the process of taking over Portuguese lender BPI, posted a 2016 net profit of 1.05 billion euros ($1.13 billion) below the average of analysts' estimates of 1.2 billion euros, according to Thomson Reuters data.

Net profit in the fourth quarter came in at 77 million euros against a 182 million euros loss in the same period last year. However, results in the final quarter were negatively impacted as the lender had to set aside tens of millions of euros to provision for mis-sold mortgages.

Recommended Reading :

* Spanish Banks count EU3 Bln cost of mortgage refunds

* Spain's CaixaBank launches Samsung Pay

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

When shopping for bodyjewelrytips, never buy anything that has nickel. The best type of material is the steel, titanium, wood, anodized gold or gold. Most nickel products will rust and may infect your ear. If you have pierced the naval or eye, you do not need to worry, as that is the most versatile part of the body. You can wear rings, straight, curved or fancy and captive beads. There are many leading body piercing jewelry that offer some of the biggest collection at very affordable price. In regard to shopping, always go to a wholesale shape as that is the sure place of getting any type of body piercing jewelry. The only thing that you need to be careful about is the material used to make the jewelry. There are instances when body piercing might go wrong and the result is an infection. In order to avoid this, make sure that the person doing the piercing is qualified to do so. After piercing is done Bodys piercing trends, you should keep the area sterilized and clean. Use warm water to wipe dirt. Never use spirits as they will corrode the area resulting to a wound which might cause an infection.