Unicaja Banco SA (ES:UNI) has released an update.
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Unicaja Banco SA has reported a significant increase in profits, with net earnings doubling to 294 million euros in the first half of 2024, supported by a robust 21% growth in total income and a 25.7% improvement in the interest margin. The bank’s financial health is further evidenced by a 39.5% reduction in non-performing assets and a strong capital ratio of 15.1%, underscoring its solvency and liquidity. Additionally, there has been a 1.1% growth in retail customer funds and a 2% rise in off-balance sheet funds, indicating positive momentum in customer deposits and financial resource management.
For further insights into ES:UNI stock, check out TipRanks’ Stock Analysis page.
