MADRID Feb 28 Spain's rescued lender Bankia on Thursday posted a net loss of 19.2 billion euros ($25.2 billion) for 2012.
The bank, which along with its parent group BFA requested 18 billion euros in European funds last year to rebuild its capital, said it had booked provisions of 26.8 billion euros last year.
Bankia was born out of the merger of seven savings banks that were highly exposed to Spain's property sector, which crashed five years ago.
The Bankia-BFA group as a whole made losses after tax of 21.2 billion euros in 2012. The group said that figure would drop to 19.4 billion euros if trading gains from a pending exchange of hybrid securities were taken into account. ($1 = 0.7628 euros) (Reporting by Sarah White, Editing by Sonya Dowsett)
Chinese court rules in favour of Apple in local design patent disputes
BEIJING, March 25 A Chinese court has ruled in favour of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported.