Caixabank: 9m net income up 16.1% at E4.25bn
(CercleFinance.com) - Net interest income reached E8.
37bn in the first nine months of the year, up 13.6%, underpinned by strong commercial activity and the current interest rate environment. On a quarterly basis, net interest income was virtually unchanged (+0.1%).
Gross income rose 10.3% y-o-y (to E11.8bn between January and September), outstripping the rise in recurring administrative expenses and depreciation (+4.5% to E4.56bn), which contributed to the rise in operating income to E7.23bn at end-September (+14.5%).
The group, which serves 20.2 million customers through a network of over 4,100 branches in Spain and Portugal, has assets exceeding E635bn.
The group reported net attributable profit of E4.25bn between January and September 2024, up 16.1% y-o-y (E3.66bn), thanks to strong growth in business activity and its high financial strength.
The group also boasts a solid level of shareholders' equity, with a Common Equity Tier 1 (CET1) ratio of 12.2%, reflecting the impact of two share buyback programs announced in March and July.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
37bn in the first nine months of the year, up 13.6%, underpinned by strong commercial activity and the current interest rate environment. On a quarterly basis, net interest income was virtually unchanged (+0.1%).
Gross income rose 10.3% y-o-y (to E11.8bn between January and September), outstripping the rise in recurring administrative expenses and depreciation (+4.5% to E4.56bn), which contributed to the rise in operating income to E7.23bn at end-September (+14.5%).
The group, which serves 20.2 million customers through a network of over 4,100 branches in Spain and Portugal, has assets exceeding E635bn.
The group reported net attributable profit of E4.25bn between January and September 2024, up 16.1% y-o-y (E3.66bn), thanks to strong growth in business activity and its high financial strength.
The group also boasts a solid level of shareholders' equity, with a Common Equity Tier 1 (CET1) ratio of 12.2%, reflecting the impact of two share buyback programs announced in March and July.
Copyright (c) 2024 CercleFinance.com. All rights reserved.