Caixabank: net income, group share tops a billion

(CercleFinance.com) - Gross income rose by +12.
7% year-on-year to E3.5bn at end-March 2024, driven by higher net interest income (+27.4%).

The group posted net income, group share of E1.01bn for Q1 2024, 17.5% above the E855m recorded in Q1 2023.

Return on equity (ROE) was 13.4% at end-March, and the cost/income ratio improved again to 40.3%.

The CET1 equity ratio stood at 12.3% following the impact of the new E500m share buyback program that began in March (-22 bp)

The group has 20.1 million customers through a network of over 4,100 branches in Spain and Portugal, and more than E600bn in assets.

Management said that it has begun 2024 with intense commercial activity and market share gains, while maintaining solid levels of profitability and efficiency.


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