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Bankinter keeps targets, says no plans to enter bad bank
October 18, 2012 / 9:36 AM / in 5 years

Bankinter keeps targets, says no plans to enter bad bank

MADRID, Oct 18 (Reuters) - Spanish mid-sized lender Bankinter has no current plans to invest in the country’s new bad bank to house toxic property assets, its chief executive said on Thursday, after reiterating a full-year net profit target.

Bankinter is targeting net profit of 130 million euros ($171 million) in 2012 after posting a 51 percent decline in nine-month profit to 72.3 million euros on Thursday. ($1 = 0.7621 euros) (Reporting By Tomas Cobos; Editing by Tracy Rucinski)

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