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Spain's banks face uphill battle despite dramatic profits boost

LONDON/MADRID (Reuters) - The dramatic earnings turnaround boasted by four Spanish banks obscures the uphill battle they still face to contain bad debts, grow their businesses and increase shareholder value against the backdrop of one of Europe's most challenging economies.Full story

Rising bad debts hamper Spanish bank recovery

MADRID (Reuters) - A trio of Spanish banks, including bailed out lender Bankia <BKIA.MC>, reported rising bad debts on Thursday as a protracted recession hampers their recovery from a property market crash. Full story

IMF's Lagarde may be called as Bankia probe witness

MADRID (Reuters) - A Spanish political party that triggered a high profile court investigation into the near collapse of bailed-out bank Bankia <BKIA.MC> has asked for Christine Lagarde, the head of the International Monetary Fund (IMF), to testify as a witness. Full story

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People use an ATM machine at a branch of Spain's nationalized lender Bankia in the Andalusian capital of Seville, southern Spain, June 24, 2013.REUTERS/Marcelo del Pozo
People use an ATM machine at a branch of Spain's nationalized lender Bankia in the Andalusian capital of Seville, southern Spain, June 24, 2013.REUTERS/Marcelo del Pozo

People use an ATM machine at a branch of Spain's nationalized lender Bankia in the Andalusian capital of Seville, southern Spain, June 24, 2013.REUTERS/Marcelo del Pozo

A boy looks at a man sleeping while asking for alms outside a branch of Spain's nationalized lender Bankia in Madrid
A boy looks at a man sleeping while asking for alms outside a branch of Spain's nationalized lender Bankia in Madrid

A boy looks at a man sleeping while asking for alms outside a branch of Spain's nationalized lender Bankia in Madrid July 26, 2013. REUTERS/Susana Vera (SPAIN - Tags: BUSINESS SOCIETY) ATTENTION EDITORS : SPANISH LAW REQUIRES THAT FACES OF MINORS ARE MASKED IN PUBLICATIONS WITHIN SPAIN

A protestor shouts slogans as holders of preference shares and activists of the Mortgage Victim's Platform demonstrate outside the regional Bankia headquarters in Valencia
A protestor shouts slogans as holders of preference shares and activists of the Mortgage Victim's Platform demonstrate outside the regional Bankia headquarters in Valencia

A protestor shouts slogans through a megaphone as holders of preference shares and activists of the Mortgage Victim's Platform demonstrate outside the regional Bankia headquarters in Valencia, July 25, 2013. They are demonstrating against Bankia's 200-million-euro ($265 million) profit for the firs

Holders of preference shares and activists of the Mortgage Victim's Platform protest outside the regional Bankia headquarters in Valencia
Holders of preference shares and activists of the Mortgage Victim's Platform protest outside the regional Bankia headquarters in Valencia

Holders of preference shares and activists of the Mortgage Victim's Platform protest outside the regional Bankia headquarters in Valencia, July 25, 2013. They are demonstrating against Bankia's 200-million-euro ($265 million) profit for the first half of 2013, the fall in prices of preference share

A woman speaks into a megaphone as holders of preference shares and activists of the Mortgage Victim's Platform protest outside the regional Bankia headquarters in Valencia
A woman speaks into a megaphone as holders of preference shares and activists of the Mortgage Victim's Platform protest outside the regional Bankia headquarters in Valencia

A woman speaks into a megaphone as holders of preference shares and activists of the Mortgage Victim's Platform protest outside the regional Bankia headquarters in Valencia, July 25, 2013. A woman speaks into a megaphone as holders of preference shares and activists of the Mortgage Victim's Platfor