Caixabank: 2022 net income up almost 30%
(CercleFinance.com) - Core revenues rose 5.
8% to 12 billion euros, driven by a 7.7% increase in the banking group's net interest margin and a 33.1% rise in income and expenses from insurance contracts.
It reported earnings of 3.15 billion euros in 2022, up 29.7% y-o-y and LFL.
Gross profit increased by 5.5% y-o-y to 11.6 billion euros, while recurring administrative and depreciation expenses decreased by 5.6% y-o-y, thanks to synergies from the integration of Bankia, which enabled a 19.8% increase in profit before depreciation.
In short, the company looks to the future with optimism and great ambition, aiming to continue to support families and businesses.
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