Caixabank's Q4 net profit rises 76% from same period in 2022

© Reuters. FILE PHOTO: CaixaBank’s logo is seen on top of the company’s headquarters in Barcelona, Spain January 29, 2022. REUTERS/Nacho Doce/File Photo

MADRID (Reuters) – Spain’s Caixabank said on Friday its net profit rose 76% in the fourth quarter from the same period in 2022 thanks to higher lending income and lower loan loss provisions.

The lender reported a net profit of 1.16 billion euros ($1.26 billion) in the October to December period, up from 695 million euros in the same period a year ago.

Analysts polled by Reuters expected a net profit of 1.21 billion euros.

($1 = 0.9198 euros)


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