Despite the geopolitical environment, CaixaBank managed to increase its profits by 7% in the first quarter to 1.572 billion euros. The bank also maintained an upward trend in the interest margin in the first quarter, something it also achieved in the second half of the year.
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As in previous years, the results are influenced by the accounting of the banking tax. This quarter the bill is 152 million euros in the first three months of the year, above the 148 million of the same period last year.
In a statement sent today to the National Securities Market Commission (CNMV), CaixaBank reported that the board of directors has approved a new share buyback program, amounting to 500 million.
The bank – controlled by the La Caixa Foundation and the FROB – detailed that in Spain it has attracted 372,000 net customers in the last twelve months, thereby strengthening its market shares.
The board approves a share buyback program for 500 million
The entity faces this year the second year of its Strategic Plan with the aim of accelerating growth, driving transformation and investment in the business.
According to CaixaBank’s CEO, Gonzalo Gortázar, “during the first quarter of the year, despite the geopolitical environment, we have maintained high levels of activity.”
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Customer resources increase by 6.3% despite the volatile environment, reaching 733.975 billion euros. Meanwhile, assets under management increase by 10.1% in the last twelve months, reaching 202.309 billion euros.
On the credit side, the healthy portfolio reaches 380.279 billion euros at the end of March, 7.2% more than a year earlier
The delinquency ratio maintains the downward trend and stands at 1.98%
Regarding income from associates, it rises 3% year-on-year, to 128 million euros.
The delinquency ratio maintains the downward trend and stands at 1.98%, compared to 2.07% at the end of 2025, the bank reported. Coinciding with the presentation of quarterly results in Valencia, the unions have called protests at the operational headquarters in Barcelona to demand improvements, reported CC.OO.
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