CaixaBank achieved until September a profit of 1.488 billion euros, 53.4% more than last year, after closing a third quarter in which achieved a record result of 649 million euros, as reported to National Securities Market Commission (CNMV) . The entity, which this month has moved its headquarters to Valencia, already incorporates contribution of Portuguese bank BPI, whose public offer of acquisition (OPA) culminated last February. Its contribution, according to bank chaired by Jordi Gual, amounts to 180 million euros since closing of OPA and 103 million in last quarter. In this period, entity has returned 210 million to its clients in terms of ground clauses contained in ir mortgage contracts.Learn More
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Following communication to supervisor, Gual today presents results at a press conference in Valencia, where CaixaBank has decided to move his headquarters for crisis in Catalonia this month.
The margin of interest (which measures purely financial activity) grew in first nine months of year 15.2%, up to 3.55 billion euros (6.5% without bis) compared to same period last year, while commissions increased by 20.8%, To 1.867 billion. According to bank, gross margin reached 6.491 billion, 9.3% more.
The delinquency rate, for its part, stood at 6.4%, with a coverage of 50%. The insolvency endowments were located at 658 million euros, a 5.5 less than in same period of 2016. In section of or provisions, according to bank, 800 million are included for Preretirements (455 million) and a heading of 154 million destined for sanitation for ir participation in bad bank (SAREB).
The total customer resources of group were located at 350,014,000,000 euros, 15.2% more, after incorporating BPI. The gross loan portfolio was reduced by 1.5%, while healthy portfolio was 1.1%. Credit to companies, excluding real estate developers, increased by 1.8%, and consumer credit, 18.9%.
Regarding soil clauses, CaixaBank argues that it has already paid half of 94,000 claims received within extrajudicial procedure established by Royal Decree Law 1/2017. Payments, according to entity, have been made in cases where "it has been considered" that client was right after "a thorough and rigorous review".
Most of se claims came from, adds bank, from customers from bank-integrated entities in recent years and "did not conform to transparency criteria set by jurisprudence." The satisfied amount has been 210 million euros.