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Spain's Bankia Back In The Black

wochit business
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February 03, 2014 AT 7:09 AM
Bankia SA reported a net profit of €512 million in 2013, as Spain's largest state-owned lender recovered from the biggest loss in the country's corporate history the previous year. Bankia reported a net loss of around €19 billion for 2012 as it cleaned up soured property loans and other loss-making activities from its balance sheet.