BANKIA Q1 Net Profit Increases

Spain's BANKIA SA BNKXF posted an increase in its net profit for the first quarter. Bankia's quarterly net profit gained 12.4 percent to EUR244 million ($265.3 million). Its net interest income slipped 0.6 percent year-over-year to EUR693 million. At the end of March, Bankia's ROE ratio came in at 8.7 percent, compared to 8.6 percent three months ago. BANKIA shares climbed 4.44 percent to close at $1.41 on Friday.