MADRID (Reuters) -Spain's Bankinter hit its net profit target in 2022, a year ahead of schedule, powered by higher lending income though higher costs took some of the shine off a strong final quarter. That was slightly below the 132 million euros expected by analysts, however, as provisions rose. "A strong net interest income result was offset in large part by much higher-than-expected costs which rose 16% quarter on quarter," analysts at brokerage firm Jefferies said.
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MADRID (Reuters) -Spanish banks Bankinter and Caixabank are considering challenging the government's new banking tax proposal in court, executives from the lenders said on Monday. An amended windfall tax proposal for Spanish banks and large energy companies last week cleared its first hurdle in parliament with the backing of the leftist ruling coalition and several regional parties. The Spanish government aims to raise 3 billion euros ($3.14 billion) with the proposed tax by 2024 despite the European Central Bank's warning about its potential adverse effects on the economy and negative impact on the solvency of banks.