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

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.