CAIXA profits 393 million in the first quarter

Caixa Geral de Depósitos had a net result of 393 million euros, in the first three of the year, a drop of 2 million compared to the same period of 2024. Domestic activity contributed 358 million euros to the consolidated result, while international activity was responsible for 34.5 million euros, and was negatively impacted by the reinforcement of BCI in Mozambique, which caused a break of 12.9 million. euros in its contribution to the net result of the cashier group ».

Still, Paulo Macedo, chairman of Caixa’s executive committee, believes that the perspective is growth and is said to be excited about the results.

The financial margin (difference between interest charged in credits and interest paid in the deposits) consolidated recorded a decrease of 80 million euros (-11.2%), reaching 636.2 million euros.

The committees rose to 147 million euros, although Caixa did not update the Precarius for the third year, but it was the reversal of provisions and imparities to the risk of credit to contribute to the stabilization of the final result, with a contribution of 53 million.

Structure costs rose to 308 million, plus 3.3% compared to the same period last year. The turnover has grown 6% to 167 billion euros, of which more than 76 billion correspond to client deposits, representing a 23% market share. And the loan portfolio increased by 2.7% to 48.9 billion euros with home purchase loans increased 2% (in line with the market) to 25.95 billion euros.

In the first three months, deliveries to the state reached 244 million euros. The amount includes 15 million regulatory costs, 176 million in taxes and 34 million in specific bank contributions. And foreseen an IRC payment in 2025 in the order of 700 million euros.