reportedfirst-quarter profit attributable to the group of €273 million, down from €375million a year ago.
Netinterest income declined to €1.02 billion from €1.14 billion year over year. Inexplaining the drop, the Spanish lender cited lower returns on its loanportfolio and reduced financing costs on retail savings in the low interestrate environment.
Netfees and commissions also dropped, to €465 million from €513 million. Gains onfinancial assets and exchange rate differences increased to €291 million from€129 million.
Impairmentlosses on financial assets and others narrowed year over year to €410 millionfrom €748 million. CaixaBank booked losses on disposals of assets and otheritems, notably real estate write-downs, of €133 million, compared to gains of€280 million in the first quarter of 2015.
CaixaBank'snonperforming loans ratio stood at 7.6% at the end of March, compared to 9.7% ayear ago. Excluding real estate developers, the NPL ratio declined to 6.0% atMarch-end from 7.0% a year ago.
Thebank's phased-in common equity Tier 1 ratio stood at 12.8% as of March 31,compared to 12.9% at the end of 2015. The fully loaded CET1 ratio stood at11.6% at March-end, unchanged from the ratio at 2015-end.