Spain's Banco Popular H1 net profit drops 3 pct, beats forecasts
MADRID, July 26
MADRID, July 26 (Reuters) - Spain's fifth-biggest lender, Banco Popular, on Friday said net profit in the first six months of 2013 fell 3 percent to 170.4 million euros ($225.5 million), beating analyst expectations.
The bank posted net interest income, a measure of lending income, of 1.25 billion euros for the period, down 12.8 percent on the first half of 2012.
It ratio of non-performing loans rose to 10.84 percent at the end of June from 9.94 percent at the end of March. ($1 = 0.7555 euros) (Reporting By Sarah White; Writing by Paul Day)
- Atheists face death in 13 countries, global discrimination: study
- Mandela signer hits back: I'm sign language champion |
- Missouri executes man for killing good Samaritan motorist in 1994
- Focus turns to Thai military, anti-government protesters tell them to pick sides |
- Google executives' planes saved millions in costs due to error - NASA