Barcelona-based CaixaBank earns €408 million in the first half of 2013, 146% more than last year
The Catalan bank, which is the highest financial entity within the Spanish market, obtained a net profit of €408 million between January and June. This figure is 2.45 times higher than that of last year for the same period thanks to the integration of Banca Cívica and Banc de València. The bank which is owned by La Caixa and chaired by Isidre Fainé increased its reserves to €5.38 billion, a rise of 44% on last year. In the presentation of the results, CaixaBank’s CEO, Joan Maria Nin, confirmed the Catalan banking giant will “have a look” at the conditions of the auctions of Catalunya Banc and Nova Caixa Galicia. Nin also recognised that the funding system for SMEs in Spain can be significantly “improved”.