1 day Ago By Ara
CaixaBank closed the first quarter of the year with net attributable profit of €1.47 billion, up 46.2% compared to the same period in 2024 (up 6.
9% on a comparable basis), thanks to a boost in commercial activity. In a context of falling interest rates, net interest income fell by 4.9% to €2.
646 billion, a decrease partially offset by volume growth, according to the results reported this Wednesday to the National Securities Market Commission (CNMV). In the first three months of the period covered by the 2025-2027 Strategic Plan, the bank recorded an 8.5% increase in customer funds and a 2.
9% increase in its healthy loan portfolio, along with an increase of 340,000 new customers in Spain over the last 12 months. In the first quarter of 2025, only 25% of the tax on interest margin and commissions (148 million) has been accounted for, so the comparable growth is 6.9%, when calculating how the tax would have been distributed linearly throughout 2024 (1).
The results are published the day after the bank made public that One year and four months after his appointment, his replacement at the helm of La Caixa's investment arm, which holds a 31.22% stake in Caixabank, will be Naturgy's CEO, Francisco Reynés. Credit increases The bank reported continued growth in new lending, particularly in mortgages, which increased by 62% compared to the first quarter of 2024, reaching €4.
508 billion. Of the total, 93% were fixed-rate loans. €10.
995 billion. The balance of non-performing loans fell again quarter-over-quarter, by €160 million, to €10.076 billion, and the non-performing loan rate stood at 2.
5% in March, one-tenth lower than in the last quarter of 2024. ~B..
