MADRID, April 24 Spain's nationalised lender
Bankia on Wednesday posted a net profit of 72 million
euros ($93.6 million) for the first quarter of the year, marking
the first signs of a recovery after a record 19.2 billion euro
loss in 2012.
The bank's parent company BFA reported first quarter net
profit of 213 million euros, the bank said in a statement.
Bankia, which asked for a 18 billion euro bailout with EU
funds last year, said net interest income, a measure of earnings
from assets, fell to 512 million euros in the first quarter
compared to 844 million euros the first quarter of 2012.
Bankia, which faces big challenges in an economic recession,
also said its bad debt ratio rose slightly to 13.1 percent at
the end of the first quarter compared to 13 percent at the end
($1 = 0.7695 euros)
(Reporting By Sarah White ; writing by Paul Day; Editing by