Caixabank has presented its new Strategic Plan 2025-2027 with the aim of maintaining levels of sustainable profitability greater than 15% (ROTE) to boost the growth of credit to companies and families, which is expected to grow 4% annually in the next three years. Sustaining this profitability will allow CaixaBank continue “adequately remunerating” its 558,000 shareholdersincluding the FROB and the “la Caixa” Foundation, to continue developing its Social Work.
To achieve this, the Group has three strategic pillars: accelerate growth, promote transformation and investment in the business, and consolidate its position as a benchmark in sustainability, it explains in a statement.
The CEO, Gonzalo Gortázar, has stated that “in these next three years we want to take advantage of a foreseeably more favorable economic environment to give a leap forward in our quality of service, our technological capabilities and in the development of talent of our staff. All of this will result in greater growth of the economy and adequate remuneration for our shareholders.”
Main financial indicators
With the new Strategic Plan 2025-2027, the Group aims to maintain stable interest margin at the end of the periodin a favorable environment that leverages a good part of the growth opportunities, although in a scenario of reduced interest rates. Additionally, service revenues are expected to increase moderately – in the mid-single digit range – while costs are expected to grow around 4% CAGR (compound annual growth rate).
The financial strength, which has marked the last three years, will continue in the future with an objective of achieving ROTE profitability of more than 16% at the end of 2027 and that the average in 2025-2027 is greater than 15%. Likewise, the efficiency ratio would be slightly above 40% and the default rate is expected to drop to around 2%.
CaixaBank will also continue to generate capital organically and recurrently, and liquidity will remain at high levels, easily complying with the required regulatory minimums.
Regarding the shareholder remuneration policy, the new Strategic Plan includes the commitment to distribute between 50% and 60% of the consolidated net profit in dividendswith an interim dividend each year, and distribute excess CET1 capital above 12.5%.
Caixabank begins a new stage after successfully closing the 2022-2024 Strategic Plan, in which it has met the financial and qualitative objectives set for the 2022-2024 period. Among others, profitability, efficiency and bad debts have been surpassed, in addition to growing market shares in the main businesses and promoting social and financial inclusion. On the other hand, in this period, international business has increased above what was projected and the mobilization of sustainable finances has easily surpassed the goal of 64 billion.
The distribution capacity to shareholders has also far exceeded the initial challenge of 9,000 million euros – a total of nearly 9,500 million has already been allocated – with a commitment to reach 12,000 million within the framework of the 2022-2024 Strategic Plan.
