MADRID Jan 31 Spain's Banco Popular on
Friday reported a 2013 net profit of 325 million euros ($441
million), beating analysts forecasts as it recovered from steep
losses in 2012.
Like Spanish peers, Popular was helped in 2013 by lower
provisions against soured property loans. These pushed it to
post a 2.46 billion euro loss the previous year.
Analysts had expected Popular to post a 2013 net profit of
261 million euros, according to a Reuters poll.
Popular's net interest income - its earnings from loans, net
of funding costs - fell 10 percent to 2.4 billion euros, broadly
in line with forecasts.
($1 = 0.7373 euros)
(Reporting by Sarah White, Editing by Sonya Dowsett)