April 29, 2019 / 5:30 AM / a month ago

Spain's Bankia Q1 net profit falls 10.8 pct on lower trading income

MADRID, April 29 (Reuters) - Spain’s state-owned lender Bankia on Monday posted a 10.8 percent fall in first quarter net profit from a year earlier due to lower trading income and ongoing pressure on lending income.

Net profit for the quarter came in at 205 million euros ($228.4 million), slightly above an average in a Reuters poll of 196 million euros, while net interest income was 502 million euros, down 4.7 percent from a year earlier and 1 percent lower against the previous quarter.

$1 = 0.8975 euros Reporting By Jesús Aguado; Editing by Paul Day

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