CaixaBank profits drop 85% due to the effect of the merger with Bankia

CaixaBank has obtained a net profit of 707 million euros in the first quarter of the year, a figure that represents 85% less than in the same period of 2021, when he earned 4,786 million for the extraordinary impacts associated with the merger with Bankia.

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CaixaBank’s result increases by 21.9% if homogeneous perimeters are compared and by 37.6% without taking into account the impacts generated by the integration, which included a net positive contribution for accounting purposes of 4,300 million for the negative goodwill and the recording of 28 million extraordinary expenses net of taxes.

In a statement, the entity assures that in these first three months of 2022 it has managed to consolidate its commercial and financial strength, despite the volatility of the markets and the uncertainty due to the war in Ukraine, and that now, having completed almost 90% of office integrations and planned employee departures, you can increasingly focus on business growth.

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