CaixaBank earns €970 million in third quarter, less than last year due to integration of Barclays Bank SAU
CaixaBank, Catalonia's largest financial group and one of the most significant companies in the whole of Spain, reported this Friday net attributable profit of €970 million for the first nine months of 2016, down 2.6% on the same period of 2015, which included a number of one-off impacts associated with the integration of Barclays Bank, SAU. Pre-tax profit amounted to €1,314 million, up 45.2% in comparison to last year. Impairment losses on financial assets and others totalled €1,177 million, a 33.3% decreased in comparison to last year on account of the reduction in loan-loss provisions.