Cajamar reports first-quarter results and market activity
Cajamar Group concluded the first quarter with a net profit of 24 million euros, reflecting an 18.5% decline from the same period last year, according to the group’s own disclosures. The company notes that margin improvements were offset by higher interest costs, while earnings from financial transactions fell sharply due to reduced revenue from ROF, a decrease of 97.2%. The management emphasizes that the overall result aligns with the budgeted plan and expects the trend to stabilize as year progresses.
On the operational front, Cajamar shows a positive momentum in assets and business volumes. Total assets rose by 5.6% year over year, reaching 62,982 million euros, with total business managed climbing to 99,100 million euros. The firm highlights steady growth across its core retail portfolio and a broad expansion of client-facing activities.
Retail resources under management increased 4.2% from the prior year, totaling 48,158 million euros. This growth is supported by both on-balance sheet and off-balance sheet funds. A standout feature is the mutual funds segment, which posted a growth rate of 9.9%, outpacing the industry average of 4.4% and reinforcing Cajamar’s position in the investment space.
The credit portfolio remained robust, with customer lending in the retail segment up 4.7% year over year, reaching 35.760 billion euros. This expansion is accompanied by a shift in allocation, with 46% of new financing directed to the agri-food sector, 33% to small and medium enterprises, and 21% to large corporations. The mix underscores Cajamar’s strategic emphasis on high-potential industries while maintaining balanced risk across the portfolio.
The group’s performance also translates into stronger domestic footprint and market share. Cajamar’s national market share increased to 2.9% in investment activity and rose to 15.9% in the primary sector, which covers agriculture, fisheries and livestock. This growth signals a widening influence in key segments of the economy.
Over the past year, Cajamar has welcomed 108,674 new customers, bringing its customer base total to 3.7 million. The bank also serves 1.6 million members and operates through a network of 5,226 professionals across 842 offices and 174 agencies. A notable portion of the branch network—more than a third—is located in municipalities with populations below 5,000, highlighting Cajamar’s commitment to rural and underserved communities.
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Beyond traditional banking, Cajamar is advancing its digital service capabilities. The group reports that digital channels, including online and mobile banking, plus a network of 1,500 Cajamar ATMs, are used by more than one million digital customers. This represents growth of 7.6% versus the previous year, driven by convenience and expanded service options. In the period, customers completed 59 million transactions through the mobile app and 38 million transactions via electronic banking, underscoring the shift toward self-service and digital-first banking experiences.