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Caixabank

Caixabank’s Q1 net profit rises 17.5% on higher lending income

MADRID: Caixabank said on Tuesday its net profit rose 17.5% in the first quarter from the same period in 2023 thanks...

Published 30 Apr, 2024 09:57am

Business & Finance

Caixabank’s Q3 net profit rises 70% on higher lending income

MADRID: Spain’s Caixabank said on Friday its net profit rose 70% in the third quarter from the same period in 2022...

Updated 27 Oct, 2023 11:35am

Markets

Caixabank proposes sector-wide freeze in variable mortgage costs, source says

MADRID: Caixabank, Spain’s biggest lender by domestic assets, has proposed a sector-wide measure to cushion the rise...

Published 12 Oct, 2022 12:13pm

Markets

Caixabank books Q2 net profit of 866mns vs loss in same quarter a year ago

MADRID: Spain’s Caixabank on Friday said it booked a net profit of 866 million euros ($884.9 million) in the second...

Published 29 Jul, 2022 10:03am

Markets

Caixabank lifts profitability target to more than 12% by 2024

MADRID: Spain’s Caixabank raised on Tuesday its target for return on tangible equity ratio (ROTE) in 2024 to over...

Published 17 May, 2022 10:57am

Markets

Caixabank's Q4 recurrent net profit down 52%, sets new dividend policy

MADRID: Spain's Caixabank on Friday said its fourth-quarter recurrent profit in 2021 fell 52% from the same period a...

Published 28 Jan, 2022 12:31pm

Business & Finance

Spain’s bad bank sues banks over debt portfolio

MADRID: Spain’s bad bank said on Friday it had sued Spanish lenders, such as Caixabank and Sabadell in a Madrid...

Published 29 Nov, 2021 06:03am

Business & Finance

Spain's CaixaBank sells 1.5 bn euro stake in Austrian bank

MADRID: Spain's CaixaBank said Friday it has sold its entire 9.9 percent stake in Austrian lender Erste Group for ...

Published 08 Nov, 2021 05:19am

Markets

Caixabank revises up costs savings from Bankia acquisition

Analysts polled by Reuters had expected a net loss of 878 million euros

Published 30 Jul, 2021 11:29am

Markets

European shares climb

AMSTERDAM/LONDON: European shares closed at a record high on Wednesday, despite caution ahead of a US Federal ...

Published 17 Jun, 2021 03:27am

Markets

Caixabank's net profit jumps, books Bankia gain

Analysts expected NII to come in at 1.2 billion euros.

Published 06 May, 2021 11:47am

Business & Finance

Caixabank plans more than 8,000 job cuts in one of Spain's biggest staff overhauls

Caixabank plan to cut more than 8,000 jobs.
Cuts represents about 19% of workforce in Spain.
Bank to consider voluntary redundancies.
To cut more than 1,500 branches, 27% of its offices in Spain.

Published 20 Apr, 2021 08:09pm

Business & Finance

BBVA says will invest additional cash from US sale to cut costs

"This additional capital opens the door to profitable growth, and allows us to invest in further cost reduction, and to become more efficient in the markets in which we operate, strengthening our leadership position," Torres told a remotely held shareholders' meeting.
BBVA has started talks to cut staff in Spain to better cope with stubbornly low interest rates and a shift towards online banking.

Published 20 Apr, 2021 05:44pm

Markets

Caixabank may cut up to 8,000 jobs after Bankia merger

The bank will start negotiations with labour unions just after Easter, the newspaper report said.

Published 25 Mar, 2021 02:28pm

Business & Finance

Bankia reports Q4 net profit of 50mn euros, beats forecasts

Net profit of 29 million euros. In the fourth quarter of 2019.
The state-owned lender set aside 505 million euros in 2020, including 40 million euros in the last quarter.

Published 28 Jan, 2021 07:28pm

Business & Finance

Bankia, Caixabank call December shareholder meetings to approve merger

Caixabank agreed to buy Bankia for 4.3 billion euros ($5.1 billion) in an all-share deal.
Signals a pick up in mergers among Europe's banks as they battle the fallout from the COVID-19 pandemic.

Published 23 Oct, 2020 07:19pm

Markets

Caixabank strikes $5 billion Bankia deal as more European bank mergers loom

The merger will create the largest domestic bank by assets with a combined market value of more than 16 billion euros ($19 billion), in a deal underpinned by annual cost savings of 770 million euros, the companies said on Friday.

Published 19 Sep, 2020 10:19am

Business & Finance

Caixabank/Bankia poised to create Spain's biggest domestic bank

Deal to create Spain's biggest domestic bank.
Caixabank/Bankia's market value is around 16 bln euros.
Caixabank mulls premium valuing Bankia at around 4bn.
Extraordinary board meetings due on Thursday to approve deal.

Published 16 Sep, 2020 08:49pm

Business & Finance

Caixabank, Bankia close to agreeing on Valencia as joint HQ, but premium, other issues still discussed

The negotiations between controlling shareholders in the two lenders are at very advanced stage on picking Valencia as the HQ though the agreeement has not been closed yet.
Details about what premium Caixabank would pay to buy out Bankia were also being discussed.

Published 07 Sep, 2020 07:42pm

World

Spain's PM Sanchez backs plans for Bankia-Caixabank merger

Caixabank, state-owned Bankia plan merger
Spanish PM welcomes plans
PM says deal not done yet, must maximise value of state's stake

Published 07 Sep, 2020 05:10pm

Business & Finance

More bank mergers loom as Bankia, Caixabank eye big savings

Bankia, Caixabank to agree merger within days – sources.
Deal would create Spain's biggest domestic lender.
More deals seen as battered banks seek to cut costs.

Published 04 Sep, 2020 05:48pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Petrol/Litre / May 2	288.49
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Diesel/Litre / May 2	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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