March 9, 2021

Bankia earns 400 million in the first half, 22.3% less

Bankia obtained a net profit of 400 million euros in the first half of 2019, which represents a decrease of 22.3% compared to the same period of a year before, mainly affected by a lower volume of results from financial operations .

In a relevant event sent Monday to the National Securities Market Commission (CNMV), the entity explained that despite this fall, the purely banking business reached 639 million, 0.3% more, thanks to the positive evolution of commercial activity and the positive impact of cost containment.

In a note, the president of Bankia, José Ignacio Goirigolzarri, stressed that the bank has reached a profit of 400 million despite the situation "certainly complex from the point of view of interest rates", and that a quarter more, The entity has shown an improvement in the quality of the balance sheet and is generating capital organically.

"In fact, we are the entity with the highest solvency level in the big banks," said the president of Bankia, an entity that closed the semester with a fully loaded CET1 capital ratio of 12.91%, 52 basis points more.

. (tagsToTranslate) Bankia (t) earns (t) million (t) first (t) semester

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