UPDATE 2-Spain's Bankia lifts profit, but margins disappoint

April 27, 2015 8:16 AM

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MADRID, April 27 (Reuters) - Spain's state-rescued lender Bankia posted a forecast-beating 12.8 percent rise in first-quarter net profit on Monday, though the bank's margins disappointed investors and sent the shares down more than 2 percent.

Like peers Caixabank and Sabadell, which reported results last week, Bankia is seeing clear signs of a recovery, with revenues and net interest income stabilising while bad debt is beginning to fall.

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