Record profits for major Spanish banks: more than €25 billion through September

BarcelonaSpain's six largest banks – Santander, BBVA, CaixaBank, Sabadell, Bankinter, and Unicaja – collectively earned a record €25.453 billion between January and September of this year, 7.6% more than in the same period of 2014, according to data compiled by EFE. Pending Sabadell's announcement of its results on November 13, the accumulated profit of the major banks is calculated using the actual figures already presented by five institutions, plus analysts' estimates for the Catalan bank. Between July and September alone, these six banks earned approximately €8.4 billion, adding to the more than €17 billion obtained in the first half of the year. Once again, Banco Santander... he scored Santander achieved the best results and reached a record profit of €10.337 billion through September, an 11% increase, thanks to the performance of its net interest margin, fee income, and improved efficiency. Santander's chairwoman, Ana Botín, said they are on track to meet all of the bank's 2025 targets.

Next is BBVA, which announced on Thursday that it achieved an unprecedented profit of almost €8 billion between January and September of this year, specifically €7.978 billion in recurring profit. According to CEO Onur Genç, the bank It's over now. from the chapter on the takeover bid for Banc Sabadell.

The third most profitable group, CaixaBank, has announced This Friday, it reported a profit of €4.397 billion between January and September, a 3.5% increase compared to the same period last year, thanks to strong commercial activity in an environment of contained interest rates. CEO Gonzalo Gortázar highlighted the bank's strong online progress, driven by its two main strategic pillars: sustained business growth and the group's transformation. Next up is Banc Sabadell. Although its results for the first half of September will be released on Thursday, November 13, the bank has already announced that its accumulated net profit attributable to shareholders in August was €1.262 billion. Analysts predict that the Catalan bank will also break a new record, earning around €1.426 billion, a 10% increase, thanks to growth in net interest income and increased trading volume, among other factors. Bankinter, for its part, also recorded an unprecedented profit of €812 million in the first nine months of the year, an 11% increase, due to strong business growth, especially in off-balance-sheet assets such as investment funds, pensions, and wealth management. Finally, Unicaja, the sixth largest bank in Spain by asset volume, posted a profit of €503 million between January and September of this year, 11.5% higher than in the same period of 2014, thanks to a "robust" net interest margin and growth in fees.