Caixabank and Santander improve the results that are promoted by the commercial company and the lower tax pressure, while Repsol suffers from the decrease in prices for crude oil and refining margins.
Caixabank and Banco Santander started with 2025 with an important increase in their benefits, driven by the dynamics of them Commercial activity And for him Accounting effect of the special bank taxwhich is being used this year distributed by quarters.
Caixabank has obtained a net profit that was attributed between January and March of 1,470 million euros, which represents an increase of 46.2 % compared to the first quarter of 2024. In comparable conditions, the increase is 6.9 %, since this year only 25 % of the tax on the bank has been counted, compared to the full payment last year.
Santander has, for his part, closed the first quarter with a record benefit of 3,402 million euros, 19 % more than in the same period of 2024. The improvement responds to the increase in the income of the committees, cost reduction and the lowest impact of the temporal tax, which this quarter of 335 million went.
Faced with this good start for banks, Repsol has registered a net profit of 366 million euros until March, 62.2 % less than in the first quarter of 2024. The company blames “”Sour scenario“From the geopolitical context, the high volatility of the energy market and the recoil of prices for crude oil and refining and chemical margins.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
