Spain's Caixabank posts 75 pct profit rise in first-half

July 31, 2015 5:17 AM

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MADRID, July 31 Spanish lender Caixabank on Friday reported a 75 percent jump in first half net profit to 708 million euros ($775 million), helped by falling provisions against bad debts and after it snapped up domestic rivals.

The Barcelona-based bank, Spain's third-biggest by market value, beat profit expectations in the period, with net income coming in at 333 million in the second quarter.

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