{"id":3331,"date":"2025-02-04T04:18:08","date_gmt":"2025-02-04T01:18:08","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=3331"},"modified":"2025-02-04T04:18:08","modified_gmt":"2025-02-04T01:18:08","slug":"ispanskij-caixabank-obyavil-o-vykupe-aktsij-na-summu-500-millionov-evro-posle-vliyaniya-na-protsentnuyu-stavku-v-chetvertom-kvartale","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/ispanskij-caixabank-obyavil-o-vykupe-aktsij-na-summu-500-millionov-evro-posle-vliyaniya-na-protsentnuyu-stavku-v-chetvertom-kvartale\/","title":{"rendered":"Spain&#8217;s Caixabank unveils 500-million-euro share buyback after Q4 rate impact"},"content":{"rendered":"<p><\/p>\n<p class=\"p1\">Lending income at Spain&#8217;s Caixabank came under pressure in the fourth quarter due to lower interest rates, though the lender managed to offset the impact with a rise in net fees and commissions.<\/p>\n<p class=\"p1\">The bank reported net profit of 1.54 billion euros ($1.70 billion) in the September-December period, slightly above the 1.43-billion-euro forecast by analysts.<\/p>\n<p class=\"p1\">Caixabank also unveiled a sixth share buyback programme worth 500 million euros, meeting its target of distributing 12 billion euros to shareholders as outlined in its 2022-2024 strategic plan.<\/p>\n<p class=\"p1\">As interest rates rose, Spanish banks benefited from higher lending rates and limited deposit payouts. However, this tailwind is beginning to reverse as interest rates start to decline.<\/p>\n<p class=\"p1\">In this context, net fees and commissions rose 9.2% year-on-year in the reported quarter, as banks aimed to lift non-core banking revenue, a key focus outlined in its three-year strategic plan announced in November.<\/p>\n<p class=\"p1\">Caixabank&#8217;s net interest income &#8211; a measure of earnings on loans minus deposit costs &#8211; fell 0.3% year-on-year to 2.74 billion euros, compared with 2.71 billion euros forecast by analysts. NII fell 1.9% from the previous quarter.<\/p>\n<p class=\"p1\">Caixabank said that it expected a mid-single digital decline in 2025, compared with the 11.11 billion euros booked in 2024.<\/p>\n<p class=\"p1\">The company&#8217;s board also approved a total cash payout of 53.5% against the consolidated net profit for 2024, equivalent to 2.03 billion euros, after proposing a cash gross dividend of 0.2864 euros per share. This dividend proposal was within its 50%-60% pay-out policy.<\/p>\n<p class=\"p1\">For the full year, net profit at the country&#8217;s biggest bank in terms of domestic assets rose 20.2% year-on-year to 5.8 billion euros, slightly above forecasts.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Lending income at Spain&#8217;s Caixabank came under pressure in the fourth quarter due to lower interest rates, though the lender managed to offset the impact with a rise in net fees and commissions. The bank reported net profit of 1.54 billion euros ($1.70 billion) in the September-December period, slightly above the 1.43-billion-euro forecast by analysts. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Caixa-Bank-1-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Caixa-Bank-1-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Caixa-Bank-1-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/02\/Caixa-Bank-1-scaled.jpg",2560,1707,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=3331"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3331\/revisions"}],"predecessor-version":[{"id":3333,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/3331\/revisions\/3333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/3332"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=3331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=3331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=3331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}