Unicaja continues to have a good year. Spain’s fifth-largest bank announced Wednesday to the National Securities Market Commission that it had obtained a net profit of 451 million euros at the end of Septemberwhich represents an increase of 58% over one year.
Analysts expected good results in the banking sector and the entity led by José Sevilla and Isidro Rubiales achieved this forecast. One of the keys was to increase all its margins. The assets, however, were further reduced. In this case 1.8% to 93.573 million euros.
He the interest margin increased by 19% year-on-yeargross 14% and operational 21.9%. “Despite the drop in interest rates observed in the third quarter, the interest margin in September remains stable above 380 million euros,” underlines the bank.
The basic result increased by 17.8% due to the aforementioned improvement in the interest margin, the stability of net commissions and the control of operating expenses.
The company has grown and is based on several sections. On the one hand, during the first nine months of the year 6.104 million new loans and credits were granted. Unicaja’s national share now stands at 4.4%.
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