Spain’s Banco Popular earned EUR 104 million in the first quarter, up 4% from the year-ago quarter (and compared with a loss of EUR 2.5 billion in the trailing quarter on heavy loss provisioning). Net interest income fell 14.5% compared with the year-ago quarter as Popular, like many banks, saw continued low rates squeeze margins. EUR 194 million of gains on asset sales offset the … Continue reading Banco Popular Reports Profit in 1Q