Abanca Pre-Tax Profit Up 2.4% to €764.5M; Net Down 13.6% on Tax

Abanca reported a 2.4% rise in pre-tax profit to €764.5 million, but net profit fell 13.6% to €579 million due to tax effects. The bank added 116,000 new customers and its insurance business surpassed one million policies. The tax impact on net profit is notable, but the underlying operational performance remains positive.

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