• Results BBVA registers a record profit of 6,420 million and will distribute the highest cash dividend in 14 years

  • Results Santander achieves a record profit of 9,605 million euros and rejects measures that "expel the most vulnerable from the market"


obtained a net profit of 3,145 million euros in 2022, which is 29.7% more than in the previous year without taking into account the extraordinary ones due to the merger with Bankia and based on homogeneous perimeters.

As notified by the bank to the National Securities Market Commission (CNMV), if only the extraordinary ones are discounted,

the profit rises by 33.3%

, and if the impacts of the merger are accounted for, the result drops by 39.8 %, since the profit in 2021 was 5,226 million euros due to the positive contribution for accounting purposes of 4,300 million of the negative goodwill or 'badwill' and other extraordinary results associated with the merger.

Taking the homogeneous perimeters and without the atypical ones,

income from the banking business

grew by 5.8%, up to 11,997 million, driven by the 7.7% increase in interest income, up to 6,916 million, and 33.1% of income and expenses from insurance contracts, up to 866 million.

Net commission income grew by 0.6% and totaled 4,009 million.

All this offset the lower income in the line of bancassurance affiliates (-26.2%).

The bank granted 14,299 million in mortgages in Spain, which means raising the amount of the previous year by 108%.

The non-performing loan ratio fell at the end of 2022 to 2.7%, a record low and almost one point below the level of December 2021 (3.6%).

Regarding the dividend policy,

CaixaBank announced a 58% increase in

the dividend that will be paid on account of the results of 2022 and that will be 0.23 euros per share, compared to the 0.14 euros paid from the previous year .

This will mean a 55% 'pay-out' or percentage of the profit earmarked for a dividend.

In total,

1,700 million euros will be distributed,

of which approximately half will be received by the "la Caixa" Foundation and the State, through the FROB, as the main shareholders.

In addition, the CaixaBank board of directors has also approved the dividend policy for the 2023 financial year, consisting of a cash distribution of between 50% and 60% of the consolidated net profit, which will be paid in a single payment in April 2024.

According to the criteria of The Trust Project

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