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Sabadell books second-quarter profit of €273 million after loss last year due to TSB costs

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MADRID (Reuters) – Spain’s Banco Sabadell <SABE.MC> on Friday announced a net profit of €273 million ( £244.6 million ) in the second quarter compared to a loss in the same period last year due to its IT outage at its British unit TSB.

Net interest income — a measure of earnings on loans minus deposit costs — was slightly down 0.2% in the first six months of 2019 to 1.81 billion euros compared to the first half last year, in line with analysts’ forecasts

(Reporting By Jesús Aguado; Editing by Jose Elías Rodriguez)

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