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Top related persons:
Caixabank - 3 Inti Landauro - 3 Jesús Aguado - 2 Sabadell's - 1 Carlos Torres - 1 Caixabank's - 1 Morgan - 1 Jesús - 1
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MADRID Spain Spanish Madrid Sabadell NII Banks Europe
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Thomson - 3 BBVA - 2 Banco Sabadell - 1 Sabadell - 1 Santander - 1

Search resuls for: "Caixabank's"


5 mentions found


☆ Spanish bank Sabadell rejects $12.9 billion BBVA merger proposal
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: +3 min
Sabadell's board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday. Last week, BBVA had offered an exchange ratio of one newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices. Since the indicative offer was announced by BBVA, Sabadell have risen 8.8% while shares in BBVA have fallen 9.7%. Taking into account Monday's closing share price, the premium would just be equivalent to 7.8%, valuing Sabadell at around 11 billion euros. The combined entity would also overtake Caixabank as the biggest domestic lender in Spain with over 625 billion euros in assets in the country, compared with Caixabank's just over 574 billion euros.
Persons: Sabadell's, Carlos Torres, Caixabank, Caixabank's Organizations: BBVA, Banco Sabadell, Sabadell, Santander Locations: Spanish, Madrid, Spain, Sabadell
☆ Caixabank sees higher lending income in 2023 after beating forecasts
  + stars: | 2023-10-27 | by ( Jesús Aguado | ) www.reuters.com   time to read: +2 min
SummaryCompanies Q3 net profit beats market forecastsNII 2023 growth guidance lifted to 10 bln vs 9.25 blnTargets stable NII performance in 2024MADRID, Oct 27 (Reuters) - Caixabank (CABK.MC) reported third-quarter net profit on Friday which beat forecasts, helped by higher lending income, which the Spanish bank said would rise more than 50% in 2023 compared to 2022. The bank's net interest income, earnings on loans minus deposit costs, rose 71% year-on-year in the three-months ending Sept. 30 to 2.74 billion euros ($2.89 billion), above the 2.53 billion euros analysts expected. Against that background, Caixabank revised its 2023 guidance for lending income to equal or above 10 billion euros from previously 9.25 billion euros, implying a rise of more than 50% against an net interest income (NII) of 6.55 billion euros in 2022. Broker JP Morgan welcome an "impressive" NII performance and revised guidance for lending income though noted that customer deposits were down 1.3% quarter-on-quarter. Its net profit rose 70% year-on-year to 1.52 billion euros, more than the 1.38 billion euros analysts forecast in a Reuters poll.
Persons: Caixabank, Morgan, Jesús, Inti Landauro, Simon Cameron, Moore Organizations: Thomson Locations: MADRID
☆ Caixabank's quarterly net profit jumps 48%, announces 500 mln euro share buy-back
  + stars: | 2023-07-28 | by ( Jesús Aguado | ) www.reuters.com   time to read: +2 min
The country's biggest lender by domestic assets reported a net profit of 1.28 billion euros ($1.41 billion), ahead of 1.16 billion euros analysts forecast in a Reuters poll. The bank also announced a 500 million euro share buy-back programme that would begin before the end of 2023 and is aimed at distributing capital above the 12% threshold. Last year, the lender bought back 1.8 billion euros of shares. Caixabank's net interest income, earnings on loans minus deposit costs, rose 60.7% year-on-year in the quarter to 2.44 billion euros, above the 2.29 billion euros analysts expected. The lender also said that recent commercial trends implied upside over its more than 30% growth guidance for net interest income in 2023.
Persons: Caixabank, Jesús Aguado, Inti Landauro, Tomasz Janowski Organizations: Thomson Locations: NII, MADRID, Banks, Europe
☆ BBVA plans 1 bln euro buy-back as Mexico, Spain drive profits
  + stars: | 2023-07-28 | by ( Jesús Aguado | ) www.reuters.com   time to read: +3 min
The Spanish bank also announced a 1 billion euro share buy-back programme. It follows a smaller additional share buy-back earlier this year and a 3.2 billion euro programme it completed in 2022. In the case of Caixabank, the new buy-back programme follows a 1.8 billion euros share buy-back in 2022. In Mexico, the bank's net profit rose 32% while net interest income climbed 38%. In Spain, net profit more than tripled versus a year earlier while NII was up 51%.
Persons: BBVA's, Jefferies, NII, Jesús Aguado, Emma Pinedo, Inti Landauro, Jason Neely, Robert Birsel Organizations: BBVA, Reuters, Thomson Locations: MADRID, Mexico, Spain, Turkey, Caixabank, Turkish
☆ Spain's Caixabank Q1 net profit rises 21% on lending income
  + stars: | 2023-05-05 | by ( Jesús Aguado | ) www.reuters.com   time to read: +1 min
MADRID, May 5 (Reuters) - Spain's Caixabank (CABK.MC) said on Friday its net profit rose 21% in the first quarter from the same period in 2022 thanks to a strong increase in lending income and a solid performance of its insurance business. The lender reported a net profit of 855 million euros ($943.83 million) in the January to March period despite a cost of 373 million euros from a new banking tax. Analysts polled by Reuters expected a net profit of 643 million euros. Spanish lenders, including Caixabank (CABK.MC), Sabadell, Santander (SAN.MC), BBVA (BBVA.MC), have legally challenged the tax. Despite economic uncertainty, banks across Europe are benefiting from higher interest rates and Caixabank's net interest income in the quarter rose 49% year-on-year to 2.16 billion euros, beating the 2.02 billion euros analysts expected.
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