Bankia recorded an attributed net profit of 575 million euros in the first nine months of this year, representing a decrease of 22.6% over the same period of 2018, due to the lower result in the sale of fixed income portfolios (ROF) and the rebound in provisions associated with the acceleration of the pace in the reduction of doubtful ones. In this way, on the purely banking or core business (interest margin plus commissions minus expenses), the result reached 946 million euros between January and September, with a 0.7% increase over the same period from last year thanks, as explained by the entity, to the good evolution of commercial activity and the positive impact of cost containment, in a market context marked by new interest rate reductions.



Likewise, the interest margin totaled 1,520 million euros between January and September, 1.4% less than a year earlier. The entity has stressed that progress is being made in the stabilization of the margin, which in the third quarter of the year stood at 502 million, with an increase of 1.5% over the same period last year.



As for commission income, they remained stable during the first nine months of the year and reached 796 million euros, with a "good" year-on-year evolution of revenue in means of payment (+ 9.6%) and in assets under management (+ 3.4%), according to the entity.