CaixaBank (CABK) Bank of America 30th Annual Financials CEO Conference 2025 summary

Profitability and sustainability

• Return on tangible equity (RoTE) is above 16%, with expectations to sustain or exceed this level beyond 2027 due to favorable economic conditions and strong asset quality.

• Spanish and Portuguese economies are experiencing robust growth, supporting continued profitability and loan demand.

• Clients' leverage is at historic lows, providing room for further loan growth and resilience in downturns.

Net interest income (NII) and loan growth

• NII guidance for 2027 is now above EUR 11.5 billion, driven by better-than-expected loan and deposit volumes, and improved yields on legacy portfolios.

• Loan growth is accelerating, with retail and business lending up nearly 5% year-on-year, outpacing initial forecasts.

• Lending growth is expected to remain robust, tracking nominal GDP, with a focus on profitable expansion.

Deposit franchise and non-interest income

• Deposit balances are stable, with growth in non-interest bearing balances and strong client acquisition, including payroll accounts.

• Asset management and wealth management inflows are significant, supporting both NII and fee income.

• Non-interest income, especially from insurance and wealth management, remains a structural advantage, with market share gains in life savings and protection products.