Spanish banks posted profits of €6.779 billion through June, down 4.8%
The higher extraordinary provisions made in the second quarter and the lower results from financial transactions explain this performance, also marked by the containment of operating expenses. With average balance sheet growth of 2.7% year-on-year, net interest income maintained its upward trend and rose by 3.8% compared with June of the previous year, to exceed €30 billion.