CaixaBank earns 13% more in the first nine months of the year

CaixaBank reported a 12.9% increase in net profit for the first nine months of the year, reaching €4.962 billion. This growth was driven by increased business activity and rising interest rates, which boosted income from loans. Despite a banking tax of €452 million, the bank gained nearly half a million customers, totaling over 21 million in Spain and Portugal. The board approved a dividend distribution of €1.281 billion, set to be paid on November 6. Additionally, the healthy loan portfolio grew by 8% year-on-year, while customer resources rose by 5.6%. The bank also increased its workforce to 47,747 employees, despite implementing AI in its processes.