Excluding the impact of the tax, it would have increased its profit by 62.9% more
MADRID, 28 Abr. (EUROPA PRESS) -
The shares of Unicaja Banco fell by almost 8% in the early stages of the session after presenting the results of the first quarter of this year, with a net profit of 34 million euros, 43.2% less compared to the same period in 2022. , due to the impact that the temporary bank tax has had on their accounts.
In the first quarter, the entity has fully computed 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.
Thus, the titles of the entity recorded a fall of 7.59% after 9.30 am, until exchanging at a price of 0.9435 euros.
The bank explains that its result was supported by the increase in ordinary income, with an interannual growth of the interest margin of 24.8%, up to 293 million euros, and 1.3% for net commissions, up to 135 million euros. Also noteworthy is a 7.2% reduction in personnel expenses, and lower loan write-offs, with a 30.5% reduction.
Despite the fact that financial income from credit still does not include all the repricing of the Euribor, the customer margin increased 47 basis points in the quarter to 2.01%. The result of the exploitation activity grew 7.6% in interannual terms, up to 93 million, while the efficiency ratio improved by 8.5 percentage points in one year, reaching 48.6%, discounting the effect of the temporary tax on banks.
The balance of 'performing' (or non-doubtful) credit investment to individuals remained stable, with a balance of 34,169 million, increasing consumer financing by 3.8% year-on-year. The balance of the credit investment 'performing' stood at 51,606 million. In the first quarter of the year, 1,897 million new loans and credits were granted, of which 674 million were private mortgages (with a market share in formalizations that amounted to 7.5% of the national total).
For their part, private sector customer deposits remain stable. 75% are from individuals, the average deposit being less than 20,000 euros. Off-balance sheet and insurance funds increased 3.0% in the quarter, up to 20,851 million.