The group posted a good set of quarterly operating numbers supported by the significantly reduced drag of low interest rates, strong momentum in wealth management activities and the ongoing delivery of cost savings plans. The cost of risk increase does not reflect ongoing asset quality improvement. The capital position deteriorated slightly on the back of market movements but this was more than offset by a sharp reduction in capital requirements as evidenced by the 75bp reduction in the group
02 Feb 2017
Strong operating performance and reduced capital requirements
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong operating performance and reduced capital requirements
CaixaBank SA (CABK:WBO) | 0 0 1.0% | Mkt Cap: 24,117m
- Published:
02 Feb 2017 -
Author:
David Grinsztajn -
Pages:
2
The group posted a good set of quarterly operating numbers supported by the significantly reduced drag of low interest rates, strong momentum in wealth management activities and the ongoing delivery of cost savings plans. The cost of risk increase does not reflect ongoing asset quality improvement. The capital position deteriorated slightly on the back of market movements but this was more than offset by a sharp reduction in capital requirements as evidenced by the 75bp reduction in the group