CaixaBank earns 1,005 million until March, 17.5% more

Date:

The entity has paid 1,135 million euros in taxes, of which 493 million euros were bank taxes.

CaixaBank ended the first quarter of the year with an attributable net profit of 1,005 million euros, 17.5% more than in the same period last year, it said in a statement to the National Securities Market Commission (CNMV) on Tuesday.

The entity’s CEO, Gonzalo Gortázar, has indicated that the bank paid 1,135 million euros in taxes during the period, of which 493 million corresponds to the bank tax, 32% more, “an amount greater than the benefit obtained”.

Gortázar added that the results show that the bank started the year “with good commercial activities, general improvements in market shares and maintaining solid levels of profitability and efficiency.”

The bank has highlighted that it has demonstrated growth across all margins during the period, which “reflects the strength of the entity and good business dynamics, with an increase in new credit production and positive net subscriptions to savings products.”

Large banks earn 6.566 million, 15% more

The six most important Spanish banks (Santander, BBVA, CaixaBank, Sabadell, Bankinter and Unicaja Banco) achieved a combined profit of 6,566 million euros in the first quarter of the year, which represents an improvement of 15.3% compared to the same period of 2023.

The extraordinary tax devised by the government and which the entities had to pay in the first three months of the year, although they had appealed against it, meant that they deducted almost 1,500 million euros, namely 1,478.6 million.

Source: EITB

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related