Unicaja Banco ( (UNJCF) ) has released its Q4 earnings. Here is a breakdown of the information Unicaja Banco presented to its investors.
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Unicaja Banco is a prominent financial institution operating within the banking sector, offering a range of financial services including retail banking, corporate banking, and financial advisory. Known for its significant presence in Spain, it is characterized by its strategic focus on customer-centric services and innovation.
In its latest financial report for the year 2024, Unicaja Banco reported a net income increase of 115% year-on-year, reaching €573 million. This impressive growth in profitability was bolstered by a substantial rise in net interest income and a proposed record dividend distribution of €344 million.
Key financial highlights include a 13.7% increase in net interest income and a significant improvement in core banking results, which rose by 11.3% compared to the previous year. The bank also reported a reduction in non-performing loans, with the NPL ratio falling to 2.7%, and boasted a solid capital position with a CET 1 fully loaded ratio of 15.1%. Additionally, the bank’s liquidity position remains robust, with a Loan to Deposit ratio of 67.2% and strong coverage ratios.
Furthermore, Unicaja Banco has launched a strategic plan for 2025-2027 aimed at enhancing profitability and expanding its role as a leading universal bank. This plan includes investments in technology and artificial intelligence to drive operational excellence and customer experience.
Looking ahead, Unicaja Banco’s management expresses confidence in maintaining its trajectory of growth and innovation, supported by a forward-looking strategy and a strong financial foundation, aiming to achieve sustainable profitability and increased shareholder returns.
