MADRID Jan 31 Spain's third-biggest bank
Caixabank on Friday posted a net profit of 503 million
euros ($682 million) for 2013, more than double 2012 earnings as
charges on soured property deals fell.
The bank missed analyst forecasts as it was predicted to
post a 543 million euro profit for the period, according to a
Barcelona-based Caixabank said net interest income, or
earnings from loans minus funding costs, rose 2.1 percent to 3.9
billion euros, in line with forecasts.
It reported a net profit of 45 million euros in the fourth
quarter of 2013, down around a fifth from the same period a year
ago and below Reuters polled forecasts for a profit of 89
million euros. ($1 = 0.7373 euros)
(Reporting by Sarah White, Editing by Sonya Dowsett)