MADRID, 5 May. (EUROPA PRESS) -
The large Spanish banks earned 13.89% more in the first quarter of the year, up to 4,696 million euros, and this despite the impact that the temporary tax has had on the accounts of entities in Spain, according to data compiled by Europe Press.
The rise in interest rates and geographical diversification have managed, in some cases, to mitigate the impact of the tax, which has led the sector to see its margins and profitability increase. If only the profits that Santander and BBVA have obtained in Spain are taken into account -since a large part of their business is carried out abroad- the result moderates to 2,286 million, 9.06% more than in the first quarter of the year
By entities, Banco Santander obtained net attributable profit of 2,571 million euros in the first quarter of 2023, which represents an increase of 1.1% compared to the same period last year. If the impact of the temporary tax on bank income is not taken into account, which implied a disbursement of 224 million euros, the net result of the financial institution would have been 2,795 million euros, which would mean an advance of 10 %.
Regarding the results of the bank only in Spain, Banco Santander's attributable net profit was 466 million euros, 27.7% more than in the first quarter of 2022.
For its part, BBVA obtained attributable profit of 1,846 million euros in the first quarter of 2023, 39.4% more at current exchange rates compared to the same period in 2022, and 40.5% more at current exchange rates. constant change.
The attributable profit in Spain reached 541 million euros in the first quarter, 9.5% less than in the same period of the previous year, due to the impact of the 225 million euros of tax.
As for CaixaBank, it reported this Friday that it closed the first quarter of the year with an attributable net profit of 855 million euros, 21.1% more year-on-year, while the payment of 373 million of the extraordinary tax to banks has supposed to subtract 30% of the profits of the group.
Sabadell registered a net profit in the first quarter of 205 million euros, 4% less, after allocating 157 million euros to the payment of the extraordinary tax on banking income approved by the Government. Had it not been for this tax, the entity's profit would have been 361 million euros, 69.4% more than a year earlier.
For its part, Bankinter obtained profits of 184.7 million euros in the first quarter of 2023, which represents 19.7% more than the result registered in the same period of 2022, and despite the payment of 77 million euros for the new tax.
Lastly, Unicaja Banco earned 34 million euros in the first quarter of 2023, 43.2% less compared to the same period in 2022, due to the impact that the temporary tax on banks has had on its accounts.
In the first quarter, the entity fully included in its results the new temporary tax on banks, which has had an impact of 63.8 million euros. Excluding the tax, the profit would have amounted to 98 million euros, with an increase of 62.9% compared to the same period in 2022.