Earnings release
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CaixaBank PRESS RELEASE – JANUARY - SEPTEMBER 2021 RESULTS Valencia , 29 October 2021 CaixaBank posts a recurring profit of € 2.02 billion with strong commercial activity and lower provisioning • The CaixaBank Group reinforces its business volumes ( customer funds , and gross loans and advances to customers ) with over € 963 billion . Customer funds amount to € 607.33 billion , up 46.2 % following the integration of Bankia ( + 7.5 % organic change excluding the integration ) . • Assets under management total € 153.22 billion , growing 1.2 % in the quarter and 12 % in the year in organic terms , as a result of increased sales and a favorable market effect . • Gonzalo Gortázar , CEO of CaixaBank , holds a " very positive view of the first nine months of the year " , highlighting the " strong performance of the insurance and banking business amid a still complex environment , as well as the integration process , which is fully on track and moving along rapidly and appropriately " . • Attributable net profit for the first nine months comes to € 4.8 billion , including the extraordinary impacts arising from the merger ( recognition of € 4.3 billion in negative goodwill , plus a net cost of € 1.52 billion on account of the workforce restructuring process and other expenses associated with the integration ) . • Pro - forma core revenues remain stable at € 8.45 billion , thanks to strong commercial activity offsetting the negative impact of the drop in interest rates . • Provisions fall following the posting of generic COVID - 19 funds in 2020. A total of € 616 million was booked between January and September , compared to € 2.41 billion in the same period of 2020 on a pro - forma basis . • CaixaBank remains financially strong , with solid capital and liquidity levels . The CET1 capital ratio rises to 13 % and total liquid assets amount to € 173.13 billion , up € 58.67 billion in the year , largely due to the integration of Bankia . • The NPL ratio remains at 3.6 % , with a coverage ratio of 64 % and non - performing loan portfolio remaining stable in the quarter . . Excluding extraordinary merger items , ROTE on a trailing 12 month basis rises to 9.6 % . Communication and Institutional Relations Department Tel : +34 93 404 13 98 prensa@caixabank.com @CaixaBank http://caixabank.com/comunicacion