Bankinter S.A. - Liberbank SA (LBK) Liberbank: May post â‚¬335mn losses in 3Q17

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Bankinter S.A.

Marisa Mazo

Liberbank: May post â‚¬335mn losses in 3Q17

Liberbank will release its 3Q17 results on October 24^th. We estimate that the bank may post losses of €335mn in 3Q17 due to the extraordinary provisions booked to increase the coverage ratio of NPAs to c. 50%. Although the €500mn capital increase is still to be executed, the bank is anticipating the already announced provisioning effort.

22/10/2017 8 EN

Underlying

Liberbank SA

Liberbank SA is a Spain-based company engaged in the commercial banking activities. It specializes in providing consumer loans. Furthermore, the Bank offers a range of services for entrepreneurs: savings accounts, loans, factoring, payments management, investment funds, import and export financing, guarantees, as well as commercial insurance, among others. The Bank operates through a chain of retail offices in Asturias, Cantabria, Castile La Mancha and Extremadura. It also manages such brands as Cajastur, Caja Extramadura, Caja Cantabria and CCM.

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ES0168675090 Madrid Stock Exchange Spain

Provider

Bankinter S.A.

Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.

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Analysts

Marisa Mazo

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