The improvement of net profit is largely due to the strong reduction in tax payment (52.6 million, 23.2 % less), since the gross benefit has grown by 6.9 % (201.4 million).
Kutxabank He achieved a net profit of 148.9 million euros in the first quarter of this year, 24 % more than in the same period of 2024, according to the information released by the financial entity on Friday. 60 % of the net result (89 million) is divided among the shareholders –BBK, Kutxa and Vital – for generating social value.
The improvement of the net benefit is largely due to the strong Reduction of tax payment (52.6 million, 23.2 % less), since the gross benefit has become 6.9 % (201.4 million).
He Gross margin It has reached 489 million, with a growth of 8.1 %. The operating costs 8.3 % has grown due to information in computer science and staff and the exploitation margin 8.0 %.
In a statement released to the media, Kutxabank described as “Sturdy” The balance of this first quarter, since “consolidates the growth trends of strategic business lines.”
Calling recurring income Or ‘core’ income – related to traditional banking activities – have fallen by 6.1 %until they are 473.9 million, due to the decrease in interest margin as a result of the decrease in the types.
Kutxabank has compensated that decrease with an increase in income Services and Insurance (+3.1 %) and by Investment funds, delegated portfolios and prediction plans (+10 %).
Mortgages for private individuals have risen by 35.5 %, consumer credit by 13.6 %, company financing with 11 %and loans to companies with 12 %.
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.
