CaixaBank forecasts a 20% ROE in 2027 and slower mortgage growth
Gortázar sees more appeal for the shareholder in investing in profitable businesses than in returning capital.
CaixaBank's CEO, Gonzalo Gortázar, expects the bank's return on tangible equity (Rote) to reach around 20% by 2027, one of the highest levels in European banking. He believes the bank's profitability is sustainable due to its unique position in the Spanish and Portuguese markets, as well as its life insurance business. Gortázar defended the bank's focus on organic growth, stating that it is more attractive for shareholders than returning capital, and expects the global credit portfolio to grow by less than 7%.
The bank will maintain its dividend policy of distributing 50-60% of profits and prioritize organic growth over returning capital.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
