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Spain's Bankia second-quarter net profit falls 32% due to lower trading income

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Spain's Bankia second-quarter net profit falls 32% due to lower trading income
FILE PHOTO: People wait to enter a Bankia bank branch in Madrid, Spain, October 22, 2018. REUTERS/Susana Vera   -   Copyright  SUSANA VERA(Reuters)
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MADRID (Reuters) – Spain’s state-owned lender Bankia <BKIA.MC> on Monday posted a 31.6% fall in the second quarter net profit from a year earlier due to lower trading income.

Net profit for the quarter came in at 195 million euros (£175.4 million), above an average in a Reuters poll of 185 million euros, while net interest income was 516 million euros, down 1% from a year earlier but 2.9% higher against the previous quarter.

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

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