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MADRID: Spain’s Caixabank said on Wednesday its net profit fell 11.3% in the second quarter from the same period in 2024 due to the impact from the renewed banking tax.
The lender reported a net profit of 1.48 billion euros ($1.71 billion) in the April to June period compared to 1.67 billion euros in the second quarter last year.
Analysts polled by Reuters expected a net profit of 1.38 billion euros.