By Jess Aguado
MADRID, May 5 (Reuters) - Unicaja UNI.MC and Liberbank LBK.MC, which have agreed to create Spain's fifth largest bank by assets, booked further provisions against COVID-19 in the first quarter while trying to offset those with higher revenue from fees and commissions.
Unicaja's net profit fell 7% to 43 million euros in the January-March quarter after it booked 25 million euros in provisions, the same amount it booked a year earlier.
Liberbank posted a 17% rise in net profit to 23 million euros after booking 28 million in pandemic charges, up five million from a year earlier.
Both beat forecasts, as analysts polled by Reuters had expected a net profit of 35 million euros at Unicaja and 18.8 million at Liberbank.