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 Banco Popular reports falling profits

Source: Reuters - Wed 30th Jul 2014
Spain's Banco Popular reports falling profits

Spain's Banco Popular on Wednesday posted a 25% drop in first half net profit, beating forecasts even though it hiked provisions against soured assets as lending revenue fell slightly less than expected from a year ago.

Popular, Spain's 6th-biggest bank by market value, said profit was EU128.5 Mln in the January-June period, above of EU124 Mln expected by analysts polled by Reuters.

The bank said net interest income, or earnings on loans minus deposit costs, was EU1.13 Bln in the first half of the year, down nearly 9% from a year ago.

Recommended Reading :

* Banco Popular buys Citi's Spanish retail division

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs

Use the hair extensions pretty curling styling spray to evenly spray on the hair wigs part that wants to highlight the hair extensions uk curl, then use the curling iron to start at the horizontal line behind the ear, and the human hair extensions uk single layer is rolled, and the handsome yet playful hairstyle is born.