A trio of Spanish banks, including bailed out lender Bankia, have posted big jumps in first-half profits - as the latest statistics show the first drop in the jobless for two years.
The banks have shown trading gains and lower writedowns on property assets helped a partial recovery from their annus horribilis last year.
Spanish bank profits were gutted in 2012 by massive losses on the ruptured property bubble and a deep recession is still hurting firms as more borrowers struggle to keep up with loan payments.
Bankia posted a 19.2bn-euro (£16.5bn) loss last year, the biggest of any bank globally.
It has now bounced back with a 200m-euro (£171m) profit for the first half of this year.
Spain has been hit with numerous protests over its economic woes The lender said net interest income, or the difference between income from loans and interest paid on deposits, was 1.1bn euros (£945m), down 36% on the first half of 2012.
Mid-sized rivals Sabadell and Bankinter also reported rises in profit from a year ago.
Sabadell set aside an extra 321m euros (£275m) towards provisions related to refinanced loans, some of which it will have to reclassify as non-performing ones, as instructed by the central bank.
The bank posted a 123m-euro (£105m) net profit for the first half of the 2013, beating analyst expectations after big gains from financial transactions, such as trading operations.
The Bank of Spain recently asked lenders to reclassify more of their refinanced loans as non-performing ones.
Bankinter's net profit in the first half was 102m euros (£87.6m), sharply up from the same period a year ago when it was hurt by writedowns on bad property assets.
Spain has been in or close to recession for five years, largely due to a bursting of a decade-long property bubble.
Spanish unemployment for under 25s is still very high It needed a 42bn-euro (£36bn) bailout of its banks last year, with most of the problems among its raft of smaller lenders.
Meanwhile, Spanish unemployment fell for the first time in two years to reach 26.26% in the second quarter, according to official data.
It showed that the tourist season has created a renewed demand for workers.
The number of jobless people fell by 225,200 over the quarter to a total of 5,977,500 jobseekers registered in the country.
During the first three months of the year, the unemployment rate stood at a record 27.2%.
Youth unemployment, however, still hovers around the 50% mark.
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