(CercleFinance.com) – Gross income increased by +12.7% year-on-year to 3.5 billion euros at the end of March 2024, thanks to the increase in net interest income (+27.4%).
The Group recorded a net profit group share of 1.01 billion euros in the first quarter of 2024, up +17.5% compared to the 855 million euros recorded in the same period of 2023.
Return on equity (ROE) stood at 13.4% at the end of March and the operating ratio improved again to 40.3%.
The CET1 capital ratio stands at 12.3% following the impact of the new 500 million euro share buyback program initiated in March (-22 bps)
The Group has 20.1 million customers through a network of more than 4,100 agencies in Spain and Portugal and has more than 600 billion euros in assets.
Gonzalo Gortazar, CEO of CaixaBank, highlighted that ‘We started 2024 with intense commercial activity and market share gains, while maintaining solid levels of profitability and efficiency’.
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