Tag #Spanish Banking

Showing 25 to 28 of 28 results

cincodias.elpais.com

🌐 85% Global Worthiness

Feb 11, 10:09

Spanish Banks Avoid Double Taxation After Omnibus Bill Rejection

Spain's six largest banks avoided double taxation in 2024 due to the rejection of an omnibus bill containing a new bank levy; this bill, among other things, would've required banks to pay the 2025 tax with 2024 earnings.

Spanish Banks Avoid Double Taxation After Omnibus Bill Rejection

Spain's six largest banks avoided double taxation in 2024 due to the rejection of an omnibus bill containing a new bank levy; this bill, among other things, would've required banks to pay the 2025 tax with 2024 earnings.

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40% Bias Score

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Reduced Inequality

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What immediate impact did the rejection of the omnibus bill have on Spanish banks' 2024 tax liabilities?

Spain's six largest banks—Santander, BBVA, CaixaBank, Sabadell, Bankinter, and Unicaja—reported record profits of €31.767 billion in 2024, paying €1.5 billion in special levies. A rejected bill led to a temporary legal loophole, allowing banks to use the initial, now-invalid, tax regulation for 2024 accounting, avoiding double taxation.

cincodias.elpais.com

🌐 75% Global Worthiness

Feb 3, 13:11

Unicaja Targets 10% ROTE by 2027

Unicaja, a Spanish bank, plans to increase its profitability (ROTE) to 10% by 2027 by focusing on commission-based income, expanding its corporate banking segment, and utilizing its excess capital of 2.1 billion euros.

Unicaja Targets 10% ROTE by 2027

Unicaja, a Spanish bank, plans to increase its profitability (ROTE) to 10% by 2027 by focusing on commission-based income, expanding its corporate banking segment, and utilizing its excess capital of 2.1 billion euros.

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44% Bias Score

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Decent Work and Economic Growth

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How will Unicaja's significant mortgage portfolio and excess capital influence its strategic plan to enhance profitability and shareholder value?

Unicaja's strategy to improve profitability involves shifting focus to higher-margin commission-based products, capitalizing on its significant mortgage holdings (63% of assets) to cross-sell. The bank also plans to expand its corporate banking segment, aiming for growth after a period of sector-wide contraction.

cincodias.elpais.com

🌐 85% Global Worthiness

Feb 7, 10:07

Sabadell counters BBVA takeover bid with record profits and "3.3 billion" shareholder payout plan

Banco Sabadell announced record 2024 profits of "1.827 billion", a 37% increase, and plans to distribute "3.3 billion" to shareholders by 2025 to counter BBVA's takeover bid; the final decision is expected in June.

Sabadell counters BBVA takeover bid with record profits and "3.3 billion" shareholder payout plan

Banco Sabadell announced record 2024 profits of "1.827 billion", a 37% increase, and plans to distribute "3.3 billion" to shareholders by 2025 to counter BBVA's takeover bid; the final decision is expected in June.

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60% Bias Score

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Decent Work and Economic Growth

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How do Sabadell's announced financial results and dividend payout plans relate to the ongoing BBVA takeover attempt?

Sabadell's actions aim to increase shareholder value and make a BBVA takeover less attractive. The increased dividend payout and record profit are key components of this strategy, reflecting strong financial performance driven by factors such as a favorable court ruling and improved risk costs. The timing is significant, coinciding with the CNMC and government review of the BBVA bid.

cincodias.elpais.com

🌐 85% Global Worthiness

Jan 9, 10:08

Spanish Bank Executives Cash In on 2024 Stock Surge

In 2024, high interest rates fueled record profits for major Spanish banks, resulting in significant stock gains; executives from BBVA, CaixaBank, and Bankinter sold €7 million in shares, reflecting strong bank performance and investor confidence.

Spanish Bank Executives Cash In on 2024 Stock Surge

In 2024, high interest rates fueled record profits for major Spanish banks, resulting in significant stock gains; executives from BBVA, CaixaBank, and Bankinter sold €7 million in shares, reflecting strong bank performance and investor confidence.

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36% Bias Score

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Decent Work and Economic Growth

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What were the immediate financial implications for Spanish bank executives due to the 2024 surge in banking stocks?

In 2024, Spanish bank executives cashed in on high stock prices, with BBVA, CaixaBank, and Bankinter executives collectively selling €7 million in shares. BBVA executives led the way, selling nearly €3 million worth of shares, while CaixaBank saw 12 executives sell shares, and Bankinter had four.

Showing 25 to 28 of 28 results