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Results 1Q 2015

Category: Results

Bankia obtains attributable profit of 244 million euros in first quarter of 2015, up 12.8%

Bankia posted net attributable profit of 244 million euros in the first quarter of 2015, 12.8% higher than in the same period of 2014. The rise comes off the back of a 7.2% increase in operating income before provisions and a decrease in NPL provisions, offsetting a period of low interest rates.

Bankia's chairman, José Ignacio Goirigolzarri, declared: "These are positive results, putting Bankia in a great position to achieve a return on equity of 10% by the end of the year. The bank is holding up well in what is a challenging interest rate climate and has been able to consistently boost earnings, stripping out non-recurring profit".

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