Unicaja: better-than-expected results thanks to provisions; upward pressure on cost of deposits
Jefferies | Rather uninspiring results. Net profit forecasts were exceeded by 4%, driven exclusively by an improvement in impairment provisions, with a Q1 2026 CoR of 20 bps, which is performing better than the forecast for the 2026 financial year, which was less than 30 bps. Interestingly, loan yields rose by 2 bps during the quarter, thanks to positive effects from the portfolio mix (a higher proportion of corporate loans…





