Accounts for an impact of 192 million euros due to the extraordinary banking tax
MADRID, 25 (EUROPA PRESS)
The Banco Sabadell Group obtained a record net attributable profit in the first quarter, of 308 million euros, 50.4% more than in the same period of the previous year, according to the information it sent this Thursday to the National Commission of the Stock Market (CNMV).
The bank explains that this result has been supported mainly by the dynamism of commercial activity and the improvement in asset quality, which have allowed it to increase the interest margin and reduce provisions.
Thus, the interest margin grew by 11.9% year-on-year, to 1,231 million euros, while commissions stood at 340 million euros, with a decrease of 3.1% year-on-year, in line with expectations. In this way, the income of the banking business (interest margin plus net commissions) reached 1,571 million euros, 8.3% more in year-on-year terms and 1.3% above the previous quarter.
On the other hand, the item of other operating results represented a cost of 162 million, after pointing out in this line the payment of 192 million of the extraordinary banking tax. In 2023, the bank paid 157 million euros for this lien.
