Banco BPISA reported first-quarter consolidated net income of €45.8 million,up 48.3% from €30.9 million in the year-ago period.
Net income from domestic activity accounted for €7.9 million,compared to a loss of €2 million a year earlier. The bank's internationalactivity generated net income of €37.9 million, up from €32.8 million in thefirst quarter of 2015.
For the period, the group's net interest income increased to€167.8 million from €154.2 million a year ago. Net commissions and othersimilar income totaled €74.1 million, compared to €73.9 million a year earlier.
First-quarter operating costs fell to €164.5 million from€165.5 million, while loan provisions and impairments amounted to €30.7million, compared to €36.6 million in the first quarter of 2015.
Banco BPI's phasing-in CRD IV/CRR common equity Tier 1 ratiowas 10.8% at March-end, compared to 10.9% at year-end 2015. On a fullyimplemented basis, the CET1 ratio was 10.0% at March 31, compared to 9.8% atDec. 31, 2015.
As of March 31, the lender's leverage ratio was 6.8% on aphasing-in basis and 6.5% on a fully implemented basis.