Caja Cantabria The benefit is reduced by 43% during the first half.
Santander, 31 September .- Caja Cantabria benefits fell by 43.07 percent during the first half of the year, reaching 16.25 million euros, 12.30 million less than the same period of 2009, as information which the institution itself today sent the National Commission of Securities Market.
In turn, the net consolidated profit in their business group fell 49.00 per cent to 16.45 million in, yoville coins, euros, a decline of 15.82 million compared with 2009.
The bank closed the first half with a net interest of 50.79 million euros, up 56.93 percent below the same period in 2009 and a gross margin of 70.45 million, a 48.58 percent below the previous year.
Also, its operating results fell, in this case a 51.01 per cent, reaching 18.18 million euros.
During, ffxiv gil, that same period, the savings bank suffered a loss of 1.00 million euros for the impairment of financial assets.
Regarding the group Caja Cantabria, net interest income fell 55.95 percent to settle at 55.46 million, gross margin decreased by 39.24 percent to 91.10 million and operating income decreased a 28.20 percent to stand at 28.09 percent., gaia gold,
In the case of the group, impairment losses of financial assets totaled EUR 2.98 million, but "with a low impact on the outcome of the semester, having compensated for the net specific provisions with the use of generic background," says the entity.
In his explanation of the results will establish, Caja Cantabria indicated that in June 2010, its assets are estimated at 10.271 million euros, 0.7 percent less than at the beginning of the year.
Of these, 500 million are considered non-performing loans, representing a mass of 5.97 percent of total credit.
On lending, the agency notes that the total volume of credits has been reduced by 1.6 percent, to stand at 8130 million euros, due to "lower demand for credit by both households and the derivative business segment. "
"Credit to other resident sectors experienced a decrease compared with December 2009 of 1.2 percent, with loans granted to households for house purchase the game with a more dynamic, having regressed to 0, 6 percent, "he adds.
Regarding the evolution of his business, Caja Cantabria notes that "in a context of significant reduction of interest rates, but where competition persists between institutions for the deposits, net interest income is under strong pressure to down "(fell almost 56%).
Also have reduced its fee income, which were 16.14 million in the consolidated results, a 11.63 percent lower than in 2009. The box attributes this to weak markets and the emphasis placed on the collection of deposits.
In these circumstances, he argues, "cost discipline remains a key objective in the management." -Cantabria
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