reported first-quarter net income of €77 million, down 40.4% year over year.
Net interestincome amounted to €97 million, declining 7.8% from the first quarter of 2015.Net commissions rose 5.2% over the same period to €39 million, while net incomefrom financial operations dropped 89.9% year over year to €33 million.
Reversalsof impairments reached €65 million, down 128.8% from the year-ago period.
ABANCA'sreturn on tangible equity was 8.4% in the first quarter.
Thebank's nonperforming loan ratio stood at 8.24% as of March 31, compared to8.60% as of Dec. 31, 2015, and 11.08% a year ago.
Thecommon equity Tier 1 ratio stood at 14.8% as of March-end, up 5 basis pointsfrom the ratio as of the end of December 2015.