MADRID (Reuters) - Spanish bank Caixabank's (MC:CABK) first quarter net profit fell 83.2% from the same period a year ago due to extraordinary provisions of 400 million euros ($434.20 million) to cover the potential impact from the COVID-19 disease on its books, the bank said on Thursday.
The country's third-largest bank in terms of total assets reported a net profit of 90 million euros in the January to March period.
The bottom line was also hit by one-off charges worth 109 million euros related to an early retirement plan in the quarter.