bankia swings back to profit after massive 2012 loss
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Bankia swings back to profit after massive 2012 loss

Egypt Today, egypt today

Egypt Today, egypt today Bankia swings back to profit after massive 2012 loss

Madrid - AFP

Bailed-out Spanish lender Bankia said Thursday it has returned to profits in the first half with earnings reaching 192 million euros ($253 million), vastly improved from the loss of 4.45 billion euros during the same period last year. Bankia was nationalised by the Spanish government in May 2012. Its fate prompted a broader rescue for the country's ailing banking sector that raised fears that Spain would need a full sovereign bailout.

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bankia swings back to profit after massive 2012 loss bankia swings back to profit after massive 2012 loss



 
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