CaixaBank closed the 2024 financial year with a net profit of €5.79 billion, a 20.2% increase on the prior year, the Spanish lender announced on 30 January 2025, marking a record result that exceeded the targets set under its 2022–2024 strategic plan.
Net interest income reached €11.1 billion, up 9.8% year-on-year, driven by commercial activity and the interest rate environment in the first half, although it fell 1.9% quarter on quarter in the fourth quarter as rate cuts took effect. Pre-impairment income climbed 16.1% to €9.8 billion.
COSTS AND ASSET QUALITY
CaixaBank's cost-to-income ratio fell to 38.5%.
Asset quality also improved over the period. The non-performing loan ratio declined to 2.6%. Return on tangible equity rose above 18%.
2022–2024 STRATEGIC PLAN
The 2024 results mark the conclusion of a three-year strategic plan that CaixaBank launched in 2022. Across the cycle, the bank met all the financial targets it set at the plan's inception and reached its €12 billion shareholder distribution target, against an initial target of €9 billion.
With the 2022–2024 plan now complete, CaixaBank's focus shifts to the 2025–2027 strategic plan it presented in November 2024. The results are reported in full filings published on the bank's investor relations platform, and the figures were disclosed to analysts and investors on the morning of 30 January 2025.
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