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Results 1Q 2018

Results

26 April 2018

Bankia obtained net attributable profit of 229 million euros in the first quarter, a decline of 24.5%

Bankia obtained a net attributable profit of 229 million euros in the first quarter of 2018, 24.5% less than in the same period of the previous year. The decline is explained by the decrease in trading income, the effect of negative benchmark interest rates and the extraordinary profit booked in the first months of 2017 due to the sale of Globalvia.

Bankia chairman José Ignacio Goirigolzarri explained that "this first quarter has been marked by the merger with BMN, after all of the authorisations were obtained at the end of last year, and on 19 March the integration of the two banks' systems was completed. As a result, as from 1 April some 520,000 customers coming from BMN are no longer paying fees and commissions".

"Furthermore, in these first three months of the year, we have continued strengthening our positioning, increasing the number of customers month by month, and, most importantly, improving their level of satisfaction", he highlighted.

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Key figures of results presentation - 1Q 2018

  • Highlights
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  • Reorganisation and acces to new bussines
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  • Commercial activity
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  • Customer satisfaction
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  • Multichannel
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  • Solvency
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  • New formalizations and capture resources
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  • Income statement
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  • Commissions
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  • ROE
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  • Credit quality
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  • Foreclosed assets
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  • Conclusions
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  • Profit
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  • 1Q 2018 Bankia results infographics
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Multimedia

  • Bankia's financial director, Leopoldo Alvear and Bankia's CEO, José Sevilla
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  • Bankia's financial director, Leopoldo Alvear and Bankia's CEO, José Sevilla
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  • 1Q 2018 Results presentation
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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
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