CaixaBank

Companies, Ibex 18th August 2025

Caixabank executes 53.47% of share buyback in programme’s ninth week

Alphavalue/DIVACONS | The Catalan bank executed 53.47% of its share buyback in the ninth week of the programme, whose maximum amount has been set at €500 million, according to information provided by the entity to the National Securities Market Commission (CNMV) on Friday. Specifically, in this new week of the programme, it acquired 2,237,802 shares at a weighted average price of £8.6738 and a total amount of £19.4 million. Meanwhile,…

In Europe 11th June 2025

Caixabank formally offers to buy Novo Banco, despite Portuguese government’s ‘displeasure’

Alphavalue / Divacons | US fund Lone Star, which owns 75% of Novo Banco, formally received takeover offers from both Caixabank and French banking group BPCE. In addition to the buyout offers, Lone Star is also considering the possibility of selling part of its stake through an IPO of Novo Banco in the future. There had been speculation that the value of the Portuguese bank could be between €5.5 billion…

Relevant News Item 9th June 2025

Caixabank claims €132m from large insurers for alleged breaches of contract in Bankia’s flotation

Link Securities | Caixabank (CABK) has filed a lawsuit claiming €132 million from five major insurers (Liberty, Allianz, Zurich, Torus and Beazley) for alleged breaches in the contract to cover the civil liability of Bankia’s IPO, according to the newspaper Expansión. Caixabank considers that the expenses that Bankia had to face after its rescue were a circumstance that was covered by the insurance policy taken out.

European economy 27th May 2025

Caixabank considering takeover bid for Portuguese Novo Banco

Link Securities | Caixabank (CABK) is considering a takeover bid for Portuguese bank Novo Banco. There are other interested entities, such as the French group BPCE and the Portuguese Caixa Geral de Depósitos, as reported on Friday by elEconomista. Novo Banco was created in August 2014 after the Bank of Portugal intervened to rescue Banco Espírito Santo (BES), which at the time was one of the country’s largest and most…

Spanish economy 30th April 2025

CaixaBank reports 1Q25 attributable profit of €1,470m, 14% beat versus company-compiled consensus of €1,294m

Jefferies | While the 1Q25 print was a welcomed 14% net income beat, this was mainly driven by better other revenues and impairments, which we think the market will look through to some extent. Elsewhere, core dynamics are progressing as expected and FY25 guidance is reiterated. €148m special banking tax accrual, in line with the near-€600m guidance for FY25. CaixaBank reported 1Q25 attributable profit of €1,470m, a 14% beat versus…

Spanish economy 6th March 2025

Criteria and ‘la Caixa’ Foundation return to Catalonia seven years after the ‘procés’

CriteriaCaixa – the business holding of the Caixa Group, with stakes valued at €30 billion in a wide range of companies (Naturgy, Telefónica, ACS…) – and the ‘la Caixa’ Foundation have returned their headquarters to Catalonia almost seven and a half years after relocating to Palma. CaixaBank will remain in Valencia, where it moved during the same period. The Banking Foundation Caixa d’Estalvis i Pensions de Barcelona has agreed to…

In Spain 5th March 2025

CriteriaCaixa to acquire up to 5% of Veolia

Veolia and CriteriaCaixa, the investment arm of the ‘la Caixa’ Foundation, have reached an agreement whereby CriteriaCaixa will enter the capital of Veolia Environnement and will have a representative on its Board of Directors, as part of a stable participation agreement in the shareholding and governing bodies of Veolia, as announced by the Catalan group on Tuesday. The entity will allocate around one billion euros to the operation. Veolia, a…

Spanish economy 30th January 2025

Caixabank’s profit rises to €1,539 million in 4Q24 due to lower provisions and extraordinary impact of sale of JV with Global Partners and Erste

Renta 4 | The results for Q4 2024 have shown a net interest margin slightly above expectations (+1% versus r4 estimated and consensus), and income from services -1% versus R4 estimated and +4% versus consensus. Gross margin was in line with R4 estimated and 2% higher than expected by the consensus. Net profit was 4% higher than R4e and 9% higher than the consensus, mainly due to lower provisions and…

In Spain 18th January 2025

Caixabank issues €1 billion worth of perpetual convertible preference shares at 6.250% p.a. until 24 January 2033

Renta 4 | The entity has approved the issue of perpetual preference shares convertible into newly issued shares of CaixaBank (CoCos), excluding pre-emptive subscription rights, in the amount of €1,000 million. The issue will be carried out at par and the remuneration, the payment of which is discretionary and subject to certain conditions, has been set at 6.250% per annum until 24 January 2033. Thereafter, it will be reviewed every…

In Spain 13th January 2025

Attractive profitability/RoTE of Caixabank at high level (16.9%), with efficiency ratio at historically low levels (39.2% in 9M24)

Bankinter: We maintain Caixabank in our 5 Stocks Model Portfolio because it enjoys a good momentum in profitability/RoTE with an attractive shareholder remuneration plan. The factors that explain our strategic preference for the Catalan bank are: (1) Profitability/RoTE remains at a high level (16.9%), with a low risk profile and an efficiency ratio (costs/revenues) at historically low levels (39.2% in 9M 2024). (2) Credit quality ratios are good and the…

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