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Locally based Unicaja Bank makes 142 million in first nine months of 2018

A Unicaja Banco branch in Malaga city.
A Unicaja Banco branch in Malaga city. / SUR

  • The net profit was a 18.4% increase on last year and was helped by an increase in interest income and less expenditure

  • NURIA TRIGUERO

malaga. The Unicaja Banco group closed the third quarter of the year at the end of September with a net profit of 142 million euros, an increase of 18.4% on the first nine months of last year.

The drivers behind the rise, according to the company, were an increase in interest income - 4.6 per cent (20 million euros); a drop in operating expenditure of 2.5%; and a reduction in the need to make special provisions.

The Malaga-based group also highlighted other achievements in its announcement: an improvement in solvency levels; reduction in non-productive assets; an increase in new loan business; and, above all, an increase in customer deposits.