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Spain, Bankia returns to profit after nationalisation

The Spanish bank nationalized in December 2012 recorded a net profit of 2013 million euros in the third quarter of 161, compared to a net loss of 2,6 billion euros in the same period of the previous year.

Spain, Bankia returns to profit after nationalisation

Bankia, the Spanish bank nationalized following an €18 billion bailout in December 2012, reported a net profit of €2013 million in the third quarter of 161, compared with a net loss of €2,6 billion in the same period of the previous year.

The BFA-Bankia group, on the other hand, recorded a net profit of 353 million in the same period. The bank had recorded a loss of 19,193 billion in 2012 while for the entire BFA-Bankia group the loss at the end of 2012 had reached 21,238 billion.

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