UPDATE 1-Caixabank sees up to 1.25 bln euro hit from mortgage-floor clause

July 6, 2016 8:52 AM

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* Spain's Caixabank expects an up to 1.25-billion-euro ($1.38 billion) hit including a retroactive removal of mortgage floor clauses, according to a filing with the stock market regulator on Tuesday.

* Since the third quarter of 2015, Caixabank has eliminated most of its mortgage floor clauses at a cost of about 220 million euros.

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