With Spanish banks about to present their 2023 annual results, everything indicates that large entities will make record profits approaching 26 billion euros, more than 24% more than the previous year. The increase in interest rates, commercial progress, market improvement and restructuring have weighed more than the amount paid for the tax and Santander, BBVA, CaixaBank, Sabadell, Bankinter and Unicaja will reach a historic figure that exceeds by more than 1 .1 billion, the best estimate that analysts had expected for the end of the year.
Bankinter will be the entity that will once again begin the cycle of presentation of the results of the sector in Spain – on January 25th -, and the analysts consulted by Efe predict a net profit of 860 million euros, 53.57% more. For the last time in her role as CEO, María Dolores Dancausa will be in charge of presenting the accounts, a preliminary step to assuming the presidency of the entity and passing the baton of first manager to Gloria Ortiz.
BBVA will announce its earnings on Tuesday, January 30 and analysts estimate that it will reach the figure of 7,835 million, 22.04% more than in 2022, helped in part by the increase in interest rates, which will help to ensure that revenues exceed 24,000 million.
Wednesday 31 January will be the turn of Banco Santander which, again according to the forecasts consulted, could announce a historic profit of 10,750 million, 11.9% more, above all thanks to the growth of business in Spain and in the rest of the world. Europe.
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Already in February, on Thursday 1st, Banco Sabadell will reveal its accounts and, if they coincide with market estimates, the institution will have earned 1,310 million in 2023, 52% more than a year earlier, thanks to the rate hikes , but also to the better evolution of its British subsidiary, TSB.
On Friday 2nd CaixaBank will publish its data and the market average estimates that net profit in 2023 grew by 54%, the greatest progress among all Spanish institutions, almost touching 5,000 million, 4,862 million, also encouraged by the rise in Euribor . . Finally, on Tuesday 6 February, Unicaja Banco will announce a result of 314.5 million, according to analysts, 21% more.
Thus, the six main Spanish banks will have together earned a record figure of 25,931.5 million in 2023, practically 26,000 million, 24.38% more than a year earlier. This figure, if confirmed with real data, would mean breaking a new profit record for the sector, after having paid 1,122 million for the extraordinary tax created by the Government, which taxes the income and commissions of the banking activities of Spanish institutions. For this tax, against which the sector has appealed, CaixaBank paid 373 million; BBVA, 225 million; Santander, 224 million; Sabadell, 157 million; Bankinter, 77 million and Unicaja Banco, 66 million.
With these forecasts on the table, the unions CC OO, UGT and FINE have started an escalation of mobilisations, without excluding the proclamation of strikes, and continue to ask for a wage increase of between 17% and 23% from one year to the next. other, without when an agreement is reached.
2024-01-21 11:49:44
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