* Q1 net 50 million euros vs f'cast 49 mln
* Net interest income down 19 percent at 133 mln
* Bad loans ratio 4.5 pct, below sector average
(Adds bad loans and background)
MADRID, April 29 Spanish mid-sized lender
Bankinter posted a 2 percent rise in first-quarter net
profit on Monday, after taking a hit from big provisions against
soured property assets last year.
Like other Spanish banks, Bankinter was forced by the
government to write down losses on property deals after a real
Net profit rose to 50 million euros ($65 million), in line
with the average 49 million forecast in a Reuters poll.
Yet net interest income, a key measure for banks
representing the difference between earnings on loans and
payouts on deposits, fell 19 percent to 133 million euros,
squeezed by Spain's drawn-out recession and missing a Reuters
poll forecast for 138 million.
Other Spanish banks, including the country's top lenders,
also reported drops in net interest income at home in the first
Bankinter, which was less exposed than its peers to the
Spanish property market crash, reported a bad loans ratio of 4.5
percent in the first quarter, up from 4.3 percent in December
but still below a 10.4 percent sector average in February.
($1 = 0.7676 euros)
(Reporting by Tracy Rucinski; Editing by David Holmes)