CaixaBank has announced a record net profit of €3.203 billion for the first half of 2026, marking an 8.5% increase compared to the same period last year. This strong performance enables the bank to maintain its financial objectives for 2027 and propose an interim dividend ranging from €961 million to €1.281 billion, with the final amount to be decided in October and paid in November.
The bank's revenue growth was driven by a 2% rise in net interest income to €5.390 billion and a 7.4% increase in fees and commissions to €2.772 billion, leading to a gross margin of €8.338 billion, up 3.7% year-on-year. The European Central Bank's interest rate hikes have enhanced the profitability of CaixaBank's portfolio, despite a slight uptick in deposit costs.
Credit activity expanded by 8.2%, particularly in consumer loans and business financing. Customer funds grew by 7.6%, and insurance premiums increased by 11.8%. The bank's Portuguese subsidiary, BPI, contributed €218 million to the profit. Operating expenses rose by 4.6%, but efficiency improved with a cost-to-income ratio of 39%, and the CET1 solvency ratio stood at 12.54%, with non-performing loans at a low 1.78%.
These results reflect CaixaBank's robust financial health and its ability to generate consistent profits, benefiting shareholders and the broader Spanish economy. The proposed dividend distribution underscores the bank's commitment to returning value to its investors.