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Bankinter Q1 profit up 2%

Source: Reuters - Mon 29th Apr 2013
Bankinter Q1 profit up 2%

Spanish mid-sized lender Bankinter posted a 2% rise in Q1 net profit to €50 million on Monday, in line with the average €49 million forecast in a Reuters poll.

Net interest income, the difference between earnings on loans and payouts on deposits, fell 19% to €133 million, feeling the squeeze from Spain's drawn-out recession and missing a Reuters poll forecast for €138 million.

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