Caixabank sees profitability at 15% in 2025-27, 16% by the end of 2027
MADRID, Nov 19 (Reuters) -Spain's Caixabank CABK.MC said on Tuesday it aimed for a return on tangible equity ratio (ROTE) target of more than 16% by the end of 2027 and above 15% on average over the 2025–2027 horizon, as it expects higher non-core banking revenues will partly cushion the pressure from lower interest rates.
The profitability goal is lower than the 16.9% at the end of the third quarter when lending income at Spanish lenders reached its peak.
Reporting by Jesús Aguado, editing by Inti Landauro
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