Caixabank 9-mth net profit down 80 percent

MADRID Fri Oct 26, 2012 1:50am EDT

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MADRID Oct 26 (Reuters) - Spain's Caixabank, the country's third-largest lender, posted an 80 percent decline in 9-month net profit on Friday to 173 million euros ($224 million) after write-downs against toxic real estate assets.

Caixabank, which is merging with lender Banca Civica, said it has set aside a total of 8.4 billion euros against soured property assets to date. ($1=0.7716 euros) (Reporting By Tracy Rucinski; Editing by Mike Nesbit)

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