CaixaBank maintains interest margin in H1 despite low interest rates

caixabank sunset

CaixaBank posted overall solid figures in the first half to 2016, particularly with regard to its net interest margin, Norbolsa says.

“We would highlight the fact the bank has maintained its net interest margin levels despite a backdrop of low interest rates,” says Norbolsa analyst Amaya Miñambres.

In terms of loan growth, CaixaBank believes it will be feasible to obtain the minimum level of lending expansion required to comply with the ECB’s TLTRO, Miñambres adds.

Lending at CaixaBank grew 1.1% in the second quarter from the first.




About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.