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India

Caixabank SA (CABK.MC)

CABK.MC on Madrid SE C.A.T.S.

2.79EUR
17 May 2019
Change (% chg)

€-0.02 (-0.64%)
Prev Close
€2.81
Open
€2.79
Day's High
€2.82
Day's Low
€2.76
Volume
11,395,719
Avg. Vol
15,449,008
52-wk High
€4.22
52-wk Low
€2.67

Latest Key Developments (Source: Significant Developments)

Caixabank Reaches Agreement With Unions On Redundancy Program
Wednesday, 8 May 2019 

May 8 (Reuters) - Caixabank SA ::REACHES AGREEMENT WITH UNIONS FOR REDUNDANCY PROGRAM WHICH WILL AFFECT UP TO 2,023 EMPLOYEES, WHO CAN VOLUNTARILY SIGN UP TO IT UNTIL MID-JUNE.ESTIMATED PRE-TAX COST OF PROGRAM, ASSUMING 100% TAKE-UP, WOULD BE ABOUT 890 MILLION EUROS AND IS EXPECTED TO BE CHARGED IN CURRENT QUARTER.ABOUT 60% OF LAY-OFFS TO TAKE PLACE DURING 2ND HALF OF 2019, WITH REST DOING SO DURING 2ND HALF OF 2020.EMPLOYMENT TERMINATIONS TO GENERATE ABOUT 190 MILLION EUROS IN ANNUAL PRETAX COST SAVINGS, ASSUMING 100% TAKE-UP.  Full Article

Caixabank expects labour cut costs to be substantial - CEO
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Caixabank CEO Gonzalo Gortazar::Says expects labour cut costs to be substantial, to be reflected in future earnings.Says: "We have no buffer for future adjustments. If we reach an agreement, and I expect to, that will have a relevant ... cost that we'll have to reflect in our future earnings." .  Full Article

Caixabank Q1 Net Profit At 533 Mln Euros
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Caixabank SA ::Q1 NET PROFIT 533 MILLION EUROS.Q1 NET INTEREST INCOME 1.24 BILLION EUROS.RETURN ON TANGIBLE EQUITY (ROTE) 8.7 PERCENT AT END-MARCH.CET 1 RATIO 11.6 PERCENT AT END-MARCH.BAD LOAN RATIO 4.6 PERCENT AT END-MARCH.  Full Article

Caixabank To Pay Gross Final 2018 Dividend Of 0.10 Euro Per Share
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Caixabank SA ::TO PAY GROSS FINAL 2018 DIVIDEND OF 0.10 EURO PER SHARE.BOARD APPROVES CHANGE IN DIVIDEND POLICY, TO PAY A SINGLE CASH PAYMENT EACH YEAR AROUND APRIL.REITERATES ITS INTENTION TO REMUNERATE SHAREHOLDERS BY DISTRIBUTING AN AMOUNT IN CASH GREATER THAN 50 PCT OF NET INCOME.REITERATES CAP FOR DIVIDEND FOR FY 2019 AT 60 PCT OF CONSOLIDATED NET INCOME.  Full Article

Caixabank Q4 Net Profit At 217 Mln Euros
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Caixabank SA ::FY NET INTEREST INCOME 4.91 BILLION EUROS.FY NET PROFIT 1.99 BILLION EUROS.Q4 NET INTEREST INCOME 1.24 BILLION EUROS.Q4 NET PROFIT 217 MILLION EUROS.RETURN ON TANGIBLE EQUITY (ROTE) 9.3 PERCENT AT END-DEC.BAD LOAN RATIO 4.7 PERCENT AT END-DEC.CET 1 RATIO FULLY LOADED 11.5 PERCENT AT END-DEC.  Full Article

Caixabank Targets ROTE Of Above 12 Pct In 2021
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - Caixabank ::SAYS TARGETS ROTE OF ABOVE 12 PERCENT BY 2021.TARGETS NPL RATIO OF UNDER 3 PERCENT BY 2021.SAYS SEES CET1 FULLY LOADED OF ABOUT 12 PERCENT BY 2021.SAYS SEES CASH PAYOUT OF ABOVE 50 PERCENT BETWEEN 2019 AND 2021.SEES CAGR 2019-21 OF ABOUT 5 PERCENT.SAYS SEES BPI NPL RATIO OF BELOW 3 PERCENT BY 2021.SEES BPI CORE REVENUES CAGR 2019-21 OF ABOUT 7 PERCENT.  Full Article

Caixabank Q3 Net Profit At 470 Mln Euros
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Caixabank SA ::9-MONTH NET INTEREST INCOME 3.67 BILLION EUROS.9-MONTH NET PROFIT 1.77 BILLION EUROS.Q3 NET INTEREST INCOME 1.24 BILLION EUROS.Q3 NET PROFIT 470 MILLION EUROS.CET 1 RATIO FULLY LOADED 11.4 PERCENT AT END-SEPT.RETURN ON TANGIBLE EQUITY (ROTE) 9.4 PERCENT AT END-SEPT.BAD LOAN RATIO 5.1 PERCENT AT END-SEPT.  Full Article

Caixabank Announces Early Total Redemption Of Notes Series I/2013
Friday, 14 Sep 2018 

Sept 14 (Reuters) - Caixabank SA ::ANNOUNCES EARLY TOTAL REDEMPTION OF CURRENT OUTSTANDING PRINCIPAL AMOUNT OF SUBORDINATED NOTES SERIES I/2013.SAYS NOMINAL AMOUNT IS 750 MILLION EUROS, FINAL MATURITY DATE ON 14 NOV. 2023.TOTAL CAPITAL RATIO AS PUBLISHED IN THE FINANCIAL STATEMENTS AT 30 JUNE 2018 WOULD MOVE FROM 15.7% TO 15.2%.THE EARLY REDEMPTION DATE WILL BE ON 14 NOVEMBER 2018.  Full Article

Banco BPI H1 Net Result Turns To Profit Of 366.1 Mln Euros
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Banco Bpi Sa ::H1 OPERATING INCOME FROM BANKING ACTIVITY 573.0 MILLION EUROS VERSUS 440.1 MILLION EUROS YEAR AGO.H1 NET PROFIT 366.1 MILLION EUROS VERSUS LOSS 101.7 MILLION EUROS YEAR AGO.CET1 RATIO (FULLY LOADED) WAS 12.8 PCT AND TOTAL RATIO (FULLY LOADED) WAS 14.6 PCT AT 30 JUNE 2018.  Full Article

Caixabank To Buy 51 Pct Of Servihabitat Servicios Inmobiliarios For 176.5 Mln Euros
Friday, 8 Jun 2018 

June 8 (Reuters) - Caixabank SA ::TO BUY 51 PERCENT OF THE SHARE CAPITAL OF SERVIHABITAT SERVICIOS INMOBILIARIOS.TO BUY STAKE FOR 176.5 MILLION EUROS.PURCHASE TO HAVE A NEGATIVE IMPACT OF ABOUT 15 BASIS POINTS (-0.15%) IN THE COMMON EQUITY TIER 1 FULLY LOADED RATIO.PURCHASE TO HAVE NEGATIVE IMPACT OF ABOUT 200 MILLION EUROS IN THE 2018 P&L ACCOUNT.IN FOLLOWING YEARS SEES A POSITIVE IMPACT OF AROUND 45 MILLION EUROS PER YEAR GENERATED IN THE INCOME STATEMENT.  Full Article

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Spain's Caixabank says layoff plan to cost up to 890 million euros

MADRID Spain's Caixabank said on Wednesday it would incur a charge of up to 890 million euros ($997 million) to pay for a plan to lay off around 6 percent of its Spanish workforce.