Gross income rose by +12.7% year-on-year to 3.5 billion euros at the end of March 2024, driven by higher net interest income (+27.4%).

The Group posted net income, Group share of 1.01 billion euros in the first quarter of 2024, up +17.5% on the 855 million euros recorded in the same period of 2023.

Return on equity (ROE) stood at 13.4% at the end of March, and the cost/income ratio improved again to 40.3%.

The CET1 equity ratio stood at 12.3% following the impact of the new 500 million euro share buyback program initiated in March (-22 bp)

The Group has 20.1 million customers through a network of over 4,100 branches in Spain and Portugal, and more than 600 billion euros in assets.

Gonzalo Gortazar, CEO of CaixaBank, emphasized that 'We have begun 2024 with intense commercial activity and market share gains, while maintaining solid levels of profitability and efficiency'.

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