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* CaixaBank PRESS RELEASE - FIRST QUARTER 2021 RESULTS Valencia , 6 May 2021 CaixaBank posts a net profit of € 514 million in the first quarter , excluding the extraordinary impacts arising from the Bankia merger • The CaixaBank Group has over € 663 billion in assets and serves 21.1 million customers in Spain and Portugal , having completed the merger with Bankia in late March and consolidated its leadership in the Spanish financial system as a result . • Attributable net profit in the first quarter stands at € 4.79 billion , including the extraordinary impacts arising from the merger with Bankia in the form of negative goodwill worth € 4.3 billion . • Gonzalo Gortázar , CEO of CaixaBank , explains that with the merger with Bankia “ we reinforce our leadership in the financial system , reaching market shares of around 25 % , and exhibiting the best solvency , liquidity and credit quality ratios among the largest banks in Spain . This is allowing us to firmly support families and companies to overcome this crisis and lead the economic recovery " . • Core revenues at CaixaBank -which do not include Bankia's earnings in the period― reach € 2.07 billion at the close of the first quarter , up 1 % year on year . Against a backdrop of negative interest rates , net interest income falls 0.7 % to € 1.19 billion , though offset by revenue from insurance contracts ( + 9.3 % ) , earnings from insurance investees ( + 39.2 % ) and growth of fee and commission income ( + 0.2 % ) . • Recurring administrative expenses , depreciation and amortisation are down 3.3 % year on year to € 1.15 billion , following the savings achieved from the early retirements in 2020 , coupled with sound management of the cost base and lower expenses incurred amid the COVID - 19 pandemic . • CaixaBank strengthens its market shares following the merger , with 25.3 % in the loans segment , 25.2 % in household and company deposits , and 24.9 % in mutual funds . • The Bank maintains a strong solvency and liquidity position , well above the regulatory requirements . The Common Equity Tier 1 ( CET1 ) ratio is 14.1 % and the Liquidity Coverage Ratio ( LCR ) stands at 309 % , revealing an ample liquidity position which is well above the minimum requirement of 100 % . • The NPL ratio is 3.6 % while the coverage ratio stays at 67 % . Meanwhile , the cost of risk ( last 12 months ) is 0.61 % . Communication and Institutional Relations Department Tel : +34 93 404 13 98 prensa@caixabank.com @CaixaBank http://caixabank.com/comunicacion