Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     

  • GBP/USD

    1.2369
    -0.0069 (-0.56%)
     

  • Bitcoin GBP

    51,632.70
    +332.37 (+0.65%)
     

  • CMC Crypto 200

    1,381.82
    +69.20 (+5.27%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CRUDE OIL

    83.44
    +0.71 (+0.86%)
     

  • GOLD FUTURES

    2,403.50
    +5.50 (+0.23%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Caixabank's Q3 net profit rises 19% on lending and insurance

Reuters
·1-min read
FILE PHOTO: A man uses a Caixabank ATM in Barcelona

MADRID (Reuters) - Spain's Caixabank on Friday said that its net profit in the third quarter rose 18.8% against a year ago thanks to an increase in lending income, fees and higher earnings from its insurance business.

The country's biggest lender by domestic assets reported a net profit of 884 million euros ($882.50 million) in the July to September period. Analysts polled by Reuters expected a net profit of 810 million euros.

Caixabank's net interest income (NII), or earnings on loans minus deposit costs, rose 6.2% year-on-year to 1.687 billion euros in the third quarter, boosted by higher interest rates. That also beat the analysts' forecasts of 1.65 billion euros.

Over the first nine months of the year, however, lending income was down 0.4% compared to the same period a year ago.

($1 = 1.0017 euros)

(Reporting by Jesús Aguado; editing by Inti Landauro)