We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| 3 D Sys Corp Dl 001 | TG:SYV | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.007 | 0.22% | 3.222 | 3.22 | 3.241 | 3.283 | 3.195 | 3.251 | 3,560 | 22:50:19 |
From May 2019 to May 2024
La Caixa, Spain's top savings bank by assets, said Friday 2008 net profit fell 28% as weaker economic conditions resulted in higher non-performing loans and hefty provisions.
La Caixa said in a presentation that net profit for 2008 fell to EUR1.80 billion from EUR2.49 billion a year earlier, hit by the absence of non-recurring gains, such as asset sales.
In 2007, La Caixa reported EUR360 million in extraordinary gains. The company didn't immediately provide fourth-quarter figures.
La Caixa also reported close to EUR1.39 billion in provisions for 2008, as non-performing loans rose to 2.48% of total loans from 0.55% in 2007.
"In 1993, (Spanish bad loan ratios) were at about 9%, and this year according to some forecasts it is possible that they (again will) go up to 6%," La Caixa Chairman Isidro Faine said at a press conference in Barcelona.
Faine declined to provide any forecasts for La Caixa's bad loan ratios but told journalists he expects the savings bank to stay below the average bad loan ratio in Spain.
Regarding La Caixa's stake in Spanish oil company Repsol YPF (REP), Faine said La Caixa "is very pleased with its stake in Repsol and doesn't see why it has to change anything."
Daily Expansion reported Friday that La Caixa and Caixa Catalunya are studying offers on their combined indirect stake in Repsol, separately from the negotiations held by Sacyr Vallehermoso SA (SYV.MC) to sell its 20% holding in the oil company.
The banks have a combined 5% stake in Repsol through their investment vehicle Repinves. In addition, La Caixa has a direct stake of 9.8% in Repsol.
Meanwhile, La Caixa's Faine said that the bank's industrial holding company Criteria CaixaCorp SA (CRI.MC) in 2008 increased its stake in Spanish energy company Gas Natural SA (GAS.MC) by 2% to 37.5%.
Criteria also boosted its stake in Abertis Infraestructuras SA (ABE.MC) by 3.95% to 25%.
Company Web site: www.lacaixa.es
-By Luis Morais, Dow Jones Newswires; +34 627-045-967; luis.morais@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
1 Year 3 D Sys Corp Dl 001 Chart |
1 Month 3 D Sys Corp Dl 001 Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
