January 23, 2020 / 7:01 AM / a month ago

Spain's Bankinter posts 13% decline in Q4 net profit on higher costs

MADRID, Jan 23 (Reuters) - Spain’s Bankinter on Thursday posted a 13% decline in fourth quarter net profit from the same period a year earlier due to higher costs.

Spain’s fourth-biggest bank by market value reported a profit of 106 million euros ($117.60 million) in the October to December period, compared to analyst forecasts in a Reuters poll of 102 million euros.

$1 = 0.9014 euros Reporting By Jesús Aguado; editing by Inti Landauro

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