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Caixabank

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Caixabank lifts profitability target, announces 1.8 bln share buy-back

* Caixabank raises ROTE target to over 12% by 2024 * Bank expects revenues to grow by around 7% between 2022 and 2024 * Sees net interest income rising 8% over the period By Jesús Aguado MADRID, May 17 (Reuters) - Spain's Caixabank CABK.MC on Tuesday raised its key profitability target for 2024 and announced a 1.8 billion euro ($1.88 billion) shar
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Spain's Caixabank raises 2024 profitability target to more than 12%

MADRID, May 17 (Reuters) - Spain's Caixabank CABK.MC raised on Tuesday its target for return on tangible equity ratio (ROTE) in 2024 to over 12% from 7.6% in the first quarter of this year thanks to an increase in core banking revenues buoyed by higher interest rates. As part of its shareholder remuneration policy, the lender bank also said it plan
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Spanish Banks' ECB Borrowing At Around 289.7 Bln Euros In April - Bank Of Spain

May 13 (Reuters) - Bank of Spain: * SPANISH BANKS' ECB BORROWING AT AROUND 289.7 BILLION EUROS IN APRIL Source text: Link (Gdansk Newsroom)
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Spain's BBVA tops forecasts, boosted by emerging markets

* Q1 net profit 1.65 bln euros, above market forecasts * Mexico's net profit rises 59%; Turkey up 31% * BBVA has so far secured more than 60% of Turkish lender Garanti * Could apply hyperinflation accounting in Turkey as early as Q2 * Overall net interest income is up 20.5% y/y * Capital ends March at 12.7% vs 12.75% in December By Jesús Aguado MA
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Caixabank's Q1 net profit rises 22% on like-for-like basis

By Jesús Aguado MADRID, April 29 (Reuters) - Spain's Caixabank CABK.MC on Friday said its first-quarter net profit rose 22% compared to the same period a year ago when stripping out hefty accounting gains from the Bankia acquisition. Earnings were supported by higher income from its insurance business and long-term savings products despite pressur
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