this six main Banking institutions Spanish companies together recorded a net profit of 16,014 million euros In the first nine months of the year, which represents a 32% increase over the same period in 2021, excluding the extraordinary elements recorded last year, such as the impact of the CaixaBank and Bankia merger.
Banco Santander posted an attributable profit of 7,316 million euros in the first nine months of 2022This means 25% more in the current euro compared to the same period of the previous year. Excluding an extraordinary expense of EUR 530 million in the same period of 2021, ordinary profit increased by 15% in current EUR.
BBVA group posted attributable profit of 4,842 million euros between January and September this year represents an increase of 47% compared to the same period of the previous year (+46.2% at current rates). Excluding non-recurring effects, profit was €5,044 million, or 37.1% more.
It should be noted that both Santander and BBVA form a significant part of the income statement with their international operations.
In Spain, Santander’s ordinary profit reached €1,104 million in the first nine months of the year, representing a 99% increase motivated by a reduction in the allowance for loan losses (-27%) and costs (-2%).
BBVA Spain achieved a recurring result of €1,514 million between January and September (+27.1% year-on-year) thanks to the improvement of the ROF as well as the interest margin and net commissions. operating expenses and provisions.
CaixaBank, on the other hand, posted a net attributable profit of 2,457 million Euros to September, up 17.7% year-on-year on a homogeneous environment basis.
This bank’s accounting result increased by 21.5%, excluding the extraordinary effects of the merger; If the effects of integration are taken into account, this ratio drops by 48.8% as profit to September 2021 is 4,801 million due to positive contribution of 4,300 million for accounting purposes from ‘bad faith’ and other related extraordinary results.
Banco Sabadell posted a net profit of 709 million in the January-September period, almost double the 370 million in the same period of the previous year. Excluding TSB, net attributable profit was 616 million euros in these nine months, more than double that of 288 million euros in 2021.
Bankinter Group recorded a net profit of 430.1 million euros in the first nine months of this year, 21.2% more than in the same period last year.
Finally, Unicaja Banco posted a net profit of €260 million in the first nine months of this year, representing an increase of 67.1% over the same period of the previous year, the business reported on Thursday.