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* CaixaBank PRESS RELEASE - FIRST HALF 2021 RESULTS Valencia , 30 July 2021 CaixaBank posts an adjusted net profit of € 1.28 billion in the first half of 2021 and raises its synergy targets • The CaixaBank Group consolidates its growth , with business volumes ( customer funds , and gross loans and advances to customers ) exceeding € 964 billion and total assets of more than € 674 billion . The Bank's market shares for the main products , such as mutual funds , deposits and loans to households and companies , remain at around 25 % in Spain . • Gonzalo Gortázar , CEO of CaixaBank , announces that “ after four intense and fruitful months working on the integration , we have decided to improve our cost synergy targets to € 940 million per year " . • The Board of Directors approved the 2021 Dividend Policy yesterday , which envisions the distribution of a cash dividend of 50 % of consolidated net profit adjusted to reflect the extraordinary impacts arising from the merger . • Attributable net profit in the first half of the year stands at € 4.2 billion , including the extraordinary impacts arising from the merger ( € 4.3 billion in negative goodwill , plus a cost of € 1.4 billion from the labour restructuring process and other expenses associated with the integration , both figures net of taxes ) . • In like - for - like terms under the pro - forma vision , core revenues reach € 5.64 billion after gaining 1.2 % . Recurring administrative expenses , depreciation and amortisation drop slightly ( -0.6 % ) , showing sound management of the cost base . • Assets under management stand at € 151.46 billion . The change ( + 3.8 % in the quarter and + 10.3 % organically in the year ) is a result of increased sales and favourable market performance through to June . • Solid capital and liquidity position . The Common Equity Tier 1 ( CET1 ) ratio is 12.9 % , exceeding post - merger estimates , while total liquid assets amount to € 162.73 billion . • Stable NPL ratio of 3.6 % , with a coverage ratio of 64 % . Meanwhile , the cost of risk ( last 12 months , including Bankia in the second quarter of 2021 ) is 0.31 % . Communication and Institutional Relations Department Tel : +34 93 404 13 98 prensa@caixabank.com @CaixaBank http://caixabank.com/comunicacion