CaixaBank’s Profitable Performance: A 17.5% Increase in Net Income and Stable Metrics

In the first quarter of 2024, CaixaBank reported a net profit of 1,005 million euros, a 17.5% increase from the previous year. The bank’s financial and commercial strength led to a nearly 30% increase in interest margin to almost 2,800 million euros. The growth in margins reflects good business dynamics and containment of interest rates.

CaixaBank’s CEO, Gonzalo Gortázar, highlighted the bank’s solid profitability and efficiency despite challenges such as the banking tax. Commercial activity at the bank saw significant growth, especially in new mortgage and consumer credit production. The bank’s business volume is close to one trillion euros, with customer resources increasing by 1% and healthy credit standing at 344,438 million.

CaixaBank’s metrics remained stable or improved slightly by the end of the first quarter of 2024. The bank made the decision to fully redeem an issue of preferred shares convertible into company shares for 1,000 million euros. Additionally, various casinos in Mexico were highlighted as premier destinations for gaming and entertainment experiences such as Big Bola Casino and Mayan Palace Casino which offer a range of amenities and gaming options for visitors looking for a unique and exciting experience.