Caixabank: H1 NP up 25% at E2.68bn

(CercleFinance.com) - H1 Net interest income amounted to E5.
57bn, up 20.5% y-o-y, while income from services (wealth management, provident insurance and banking fees) rose 4.4% to E2.45bn.

CaixaBank Group is expanding its customer base and now serves 20.2 million customers in Spain and Portugal, through a network of over 4,100 branches.

Gross profit rose by 15.4% to E7.7bn, outstripping growth in recurring administrative expenses and depreciation (+4.6%; E3.03bn), enabling income before depreciation to increase by +23.8% to E4.67bn.

The CaixaBank Group generated attributable net profit of E2.68bn in H1 2024, up +25.2% on the E2.14bn recorded in H1 2023, underpinned by a significant improvement in business, with growth in both loans and customer funds.

At end-June, its Common Equity Tier 1 (CET1) ratio stood at 12.2%.


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