By Reuters
MADRID (Reuters) – Spain’s Caixabank <CABK.MC> posted on Friday a decline of 85% in second quarter net profit to 89 million euros ( £79.7 million ) due to one-off restructuring costs while lending income slightly rose thanks to lower funding costs.
Net interest income — a measure of earnings on loans minus deposit costs —, was up 0.9% in the second quarter against the same quarter last year to 1.24 billion euros. Analysts had forecast a NII of 1.25 billion euros.
(Reporting By Jesús Aguado; Editing by Jose Elías Rodriguez)
