Bankinter's Q2 net profit rises 21% on like-for-like basis (updated)
21/07/2022 07:38
(Recasts to focus on like-for-like profit, adds details on NII)
By Jesús Aguado
MADRID, July 21 (Reuters) - Spain's Bankinter BKT.MC on
Thursday said its second quarter net profit rose 21% compared to
same period a year ago when stripping out a 2021 hefty
accounting gain from the market listing of its insurance unit
LDA LDA.MC .
The lender reported a net profit of 117 million euros
($119.6 million) in the April to June period compared to 96
million euros in the same period a year ago when excluding
LDA-related capital gains booked in 2021 and worth about 900
million euros. urn:newsml:reuters.com:*:nL8N2OY1L2
Analysts polled by Reuters expected a net profit of 101
million euros.
Net interest income (NII), earnings on loans minus deposit
costs, rose 5.5% year-on-year in the second quarter to 346
million euros, above analysts' forecasts of 329 million euros.
($1 = 0.9779 euros)
(Reporting by Jesús Aguado, editing by Inti Landauro)
((jesus.aguado@thomsonreuters.com; +34 91 835 68 32; Reuters
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