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Results 3Q 2017

Category: Results

Bankia posts net attributable profit of 739 million euros over the first nine months of the year, up 1%

Bankia achieved a net attributable profit of 739 million euros in the first nine months of 2017, up 1% compared to the same period of the previous year. This was driven by the increase in fee and commission income, together with the decrease in expenses and provisioning as a result of the improvement in credit quality.

Bankia's CEO, José Sevilla, highlighted that: "in a challenging interest rate environment, the bank has managed to increase its earnings thanks to buoyant sales. We have an increasing number of more loyal and satisfied customers contracting more added value products, and we are channelling greater amounts of credit to both individuals and large companies and SMEs."

"This is underpinned by a constantly improving balance sheet, resulting in the need for less provisions and a further decrease in our NPL ratio and foreclosed assets", he stated. Sevilla added that: "the bank's solvency ratio has improved off the back of all this, and now stands at over 14%, making us one of the most capitalised banks in Europe".

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Key figures of results presentation - 3Q 2017

  • 01 Attributable profit
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  • 02 Connect with your expert
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  • 03 Customer satisfaction index
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  • 04 Commercial activity
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  • 05 New mortgage loans
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  • 06 New loans performance - businesses
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  • 07 Reduction in volumen of non-performing loans and foreclosed assets
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  • 8 Capital ratios
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  • 09 Conclusions
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Multimedia

  • Presentation Results Bankia 3Q 2017
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  • Bankia's financial director, Leopoldo Alvear
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  • Bankia's CEO, José Sevilla
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  • Bankia's CEO, José Sevilla and Bankia's financial director, Leopoldo Alvear
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  • Bankia's financial director, Leopoldo Alvear
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  • 3Q 2017 Results
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  • Bankia's CEO, José Sevilla
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