Slide 1: 2Q26 Results
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Slide 2: Disclaimer
Disclaimer The purpose of this presentation is purely informative and should not be considered as a them updated, nor to correct them in the case that any deficiency, error or omission were service or offer of any financial product, service or advice, nor should it be interpreted as, to be detected.
Slide 3: Highlights
CONTENTS Highlights 3
Slide 4: Sustained momentum halfway through our 3-year Plan
1H26 Highlights Sustained momentum halfway through our 3-year Plan » Strong commercial traction yoy 1H26 Net income # clients(1) Customer funds Performing loans Protection insurance premia(2) €3,203 M +9% yoy 405K +8% +8% +12% » Sustained market share gains(3) yoy 2Q26 Net income Payroll depo
Slide 5: Iberian economic outperformance expected to continue
Highlights Iberian economic outperformance expected to continue Spain and Portugal to keep outpacing the Eurozone – with limited impact from geopolitical tensions Rates expectations anchored >2% 1Q26 vs. 4Q19 Real GDP (1), % Real GDP, % yoy (2) YE25 projections (underpinning guidance) Market-impli
Slide 6: Strong commercial momentum
Highlights Strong commercial momentum Growing volumes Expanding our client base Payroll franchise at a record high Business volume (1) in €Bn and % yoy Clients in million and yoy in thousand Clients with payroll deposits at CaixaBank (Spain) in million and yoy in thousand 1,171 20.9 6.4 1,086 20
Slide 7: imagin: a key engine for client acquisition and growth
Highlights imagin: a key engine for client acquisition and growth amongst the young and digital # CLIENTS CLIENT ACQUISITION(2) BUSINESS VOLUME(3) 4.2 M +8% yoy 50% of Group’s total €24 Bn +20% yoy Mobile banking leader A complete range of solutions 16-34y old mobile banking penetration imagin
Slide 8: Transformation is enabling scalable growth
Highlights Transformation is enabling scalable growth Transformation fuels growth and customer experience(1) Steady rollout of new initiatives – Selected examples » Launch of for retail payments #1 Banking app +9% # Retail Ranked in Spain(2) vs. YE24 app users » >200 retail app journeys simplified a
Slide 9: Strong and widespread loan growth
Highlights Strong and widespread loan growth o/w: PERFORMING LOANS(1) 30 June 2026 RESIDENTIAL MORTGAGES CONSUMER LENDING BUSINESS LENDING €399 Bn +6.7% yoy +1.8% qoq +11.5% yoy +2.4% qoq +10.6% yoy +5.0% qoq Performing residential mortgages: yoy in %(3) Performing consumer loans: yoy in %
Slide 10: Standout quarter in customer funds with broad-based support
Highlights Standout quarter in customer funds with broad-based support –qoq complemented by seasonal uplift o/w: CUSTOMER FUNDS(1) MARKET SHARE IN 30 June 2026 WEALTH MANAGEMENT(2) DEPOSITS & OTHERS(3) WM + DEPOSITS, IN SPAIN(5) €772 Bn +13.9% yoy +6.7% qoq +3.7% yoy +4.2% qoq 26% +6 bps yoy (
Slide 11: A record Q2 lifts Wealth Management balances above €300 Bn
Highlights A record Q2 lifts Wealth Management balances above €300 Bn –supported by resilient net inflows and post-March market recovery Strong rebound in net inflows Managed balances surpass €300 Bn as growth accelerates Net inflows into WM(1) (ex market effects), €Bn WM(1) balances, €Bn +31.4% +22
Slide 12: Protection insurance maintains double-digit growth
Highlights Protection insurance maintains double-digit growth driven by high commercial activity and innovative offering PROTECTION INSURANCE Positive production dynamics Track record of growth PREMIUMS(1) New protection insurance premiums breakdown by segment(2), Jun-26 ttm in €M and % Life-risk in
Slide 13: Entering the second half of the Plan with key enablers in place
Highlights Entering the second half of the Plan with key enablers in place Resilient domestic economies – Healthy client fundamentals Supportive rate outlook Backdrop with solid fundamentals cushioning with the lowest private sector leverage stabilising and anchored around external volatility in 25
Slide 14: P&L and balance sheet
CONTENTS P&L and balance sheet 14
Slide 15: 2Q net income up 10.1% yoy – supported by key revenue engines
P&L and Balance Sheet 2Q net income up 10.1% yoy – supported by key revenue engines CONSOLIDATED INCOME STATEMENT – €M and % 2Q26 2Q25 % yoy % qoq REVENUES Net interest income 2,729 2,636 +3.5% +2.5% Revenues from services (1) 1,398 1,303 +7.3% +1.8% NII growth yoy gathers pace (+3.5% 2Q yoy vs. +
Slide 16: Delivering growth and transformation in Portugal
P&L and Balance Sheet Delivering growth and transformation in Portugal –aligned with the Group’s strategy Business volume growth Broad-based market share gains Business volume(3,4), €Bn Market share in Portugal(6), % and yoy in bps C RE DIT RATING UP GRAD ES (10) 68.7 73.4 yoy A+ (from A) 49.5 M
Slide 17: NII returns to sequential qoq growth as guided
P&L and Balance Sheet NII returns to sequential qoq growth as guided – while yoy gathers pace NII growth gains traction QoQ GROWTH RESUMES €M €M NII up 3.5% yoy in 2Q +3.5% QoQ growth resumes as: 5,282 (489) +280 5,390 +317 o Headwinds from BB loan repricing fall away ALCO(3) 2,636 2,662 (2) +64
Slide 18: Solid deposit trends continue to support NII
P&L and Balance Sheet Solid deposit trends continue to support NII Volume and mix improvement, with cost of interest-bearing deposits well contained Sustained growth in non-interest-bearing balances – which are up 5.5% yoy Total deposits breakdown(1), average quarterly balance, €Bn WELL-CONTAINED IN
Slide 19: Revenues from services outperform initial expectations
P&L and Balance Sheet Revenues from services outperform initial expectations Up +7.4% yoy in 1H, powered by WM and protection 2Q26 Revenues from services(1) QUARTERLY EVOLUTION €M €M WEALTH MANAGEMENT Strong growth +7.4% +7.3% on higher balances, underpinned by commercial +14.9% yoy dynamism and mar
Slide 20: Costs evolve in line with guidance – keeping C/I ratio well below peer average
P&L and Balance Sheet Costs evolve in line with guidance – keeping C/I ratio well below peer average Operating costs Cost-to-income at low levels… €M % recurrent C/I(1) 1,652 1,668 1,580 1,599 1,620 1,617 54.0% +4.3% yoy 41.6% 39.6% +1.0% qoq 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 2014-21 avg. 2022-25 avg. J
Slide 21: Steady improvement in asset quality – reaching new record levels
P&L and Balance Sheet Steady improvement in asset quality – reaching new record levels CoR ttm broadly stable post-IFRS9 model update Record-low % NPL on supportive organic trends and active management CoR broadly stable at reduced levels NPLs(1) (€Bn) and % NPL(1) % NPL by segment, 30 June 2026 CoR
Slide 22: Ample liquidity reserves – underpinned by strong and stable funding
P&L and Balance Sheet Ample liquidity reserves – underpinned by strong and stable funding Strong liquidity metrics 184% 143% 15.3% 88.1% €45 Bn 30 June 2026 (eop) % LCR % NSFR % ASSET % LtD COMMERCIAL GAP(1) ENCUMBRANCE Robust liquidity sources Liquidity ratios well above peers Strong and stable dep
Slide 23: Comfortable MREL buffers
P&L and Balance Sheet Comfortable MREL buffers Execution of 2025-27 issuance plan well advanced, with a diversified currency mix MREL stack vs. requirements 2025-27 issuance plan: >60% executed As at 30 June 2026, % of RWAs Issues by instrument (CABK ex BPI), €Bn equivalent MREL stack / components I
Slide 24: Strong capital accretion from earnings and optimisation
P&L and Balance Sheet Strong capital accretion from earnings and optimisation Supporting growth and shareholder returns Strong and sustained capital accretion CREATING SHAREHOLDER VALUE absorbs seasonally-high organic RWA growth while supporting shareholder returns % CET1 qoq(1), % and bps BVPS eop,
Slide 25: Appendix
CONTENTS Appendix A1. FY26e guidance and 2025-27e Ambition A2. 2Q26 Supplementar y information A 3 . P & L : G r o u p , b y p e r i m e t e r, a n d b y s e g m e n t A4. Ratings A5. Glossar y 25
Slide 26: FY26e guidance and capital targets
A1. FY26e guidance and 2025-27e ambition FY26e guidance and capital targets FY25 FY26e 2026 % CET1 Management target NII €10,671 M >€11 Bn 11.5% - 12.5% -3.9% yoy Revenues €5,266 M Up 5% 2026 % Cash payout target from services +5.4% yoy 50-60% Operating €6,415 M Up 4.5% costs +5.0% yoy 2026 % CET1
Slide 27: 2025-27e ambition and capital targets
A1. FY26e guidance and 2025-27e ambition 2025-27e ambition and capital targets 2027e 2027e 2025-27e CAGR Capital and distribution targets reiterated NII(3) 4% 2027e: €12.5 Bn 20% € % RoTE(1) % C/I(2) High 30s Rev. from MSD 50-60% % CASH PAYOUT(7) € services >18% THRESHOLD 25-27e avg. Costs
Slide 28: Interest rate sensitivity management
A2. 2Q26 Supplementary information Interest rate sensitivity management: targeting 12-24M NII sensitivity of ±7.5% to ±100 bps parallel shift in interest rates Key drivers to reduce sensitivity(1) % of interest-bearing STRUCTURAL DEPOSIT HEDGES (5) NON-INTEREST-BEARING DEPOSITS WITH STRUCTURAL HEDGE
Slide 29: Wholesale funding: back-book volumes, costs and maturities
A2. 2Q26 Supplementary information Wholesale funding: back-book volumes, costs and maturities WHOLESALE FUNDING COSTS AFFECTING NII WHOLESALE MATURITIES (2) Group ex BPI Group ex BPI, as at 30 June 2026 Volumes − Wholesale funding back-book volumes(1), €Bn 2026 2027 2028 >2028 Total 45 45 46 45 45 €
Slide 30: Fair value of assets and liabilities measured at amortised cost
A2. 2Q26 Supplementary information Fair value of assets and liabilities(1) measured at amortised cost ASSETS(2) LIABILITIES(2) As at 30 June 2026, €Bn As at 30 June 2026, €Bn FV – Carrying Carrying Fair Carrying Fair Carrying amount – amount Value (FV) amount Value (FV) amount FV(3) Loans and advanc
Slide 31: Group customer loans and funds
A2. 2Q26 Supplementary information Group customer loans and funds LOAN BOOK CUSTOMER FUNDS Breakdown, €Bn Breakdown, €Bn 30 Jun 26 % yoy % qoq 30 Jun 26 % yoy % qoq I. Loans to individuals 195.7 +5.7% +3.8% I. On-balance-sheet funds 549.6 +5.6% +4.4% (2) Residential mortgages 145.5 +6.0% +1.6% Depos
Slide 32: Customer loans – additional information
A2. 2Q26 Supplementary information Customer loans – additional information NEW LENDING IN KEY SEGMENTS (1) RESIDENTIAL MORTGAGE PORTFOLIO CABK ex BPI, breakdown by segment, €Bn CABK ex BPI as at 30 June 2026: breakdown by date of origination, % of total 1H26 1H25 % of total by origination date Curre
Slide 33: Additional information on imagin
A2. 2Q26 Supplementary information Additional information on imagin A NEOBANK, WITH A COMPLETE PRODUCT OFFERING − SUPPORTED BY THE LARGEST PHYSICAL FOOTPRINT IN SPAIN imagin is a digital lifestyle and financial services platform launched by CaixaBank in 2016. Initially focuses on younger, digitally
Slide 34: Revenues breakdown: by nature and service provided vs. by accounting heading
A2. 2Q26 Supplementary information Revenues breakdown: by nature and service provided vs. by accounting heading ACCORDING TO ACCOUNTING HEADING ACCORDING TO NATURE AND SERVICE PROVIDED (CURRENT PRESENTATION) (1) €M €M 2Q26 1H26 2Q26 1H26 Net interest income 2,729 5,390 (a) Net interest income 2,729
Slide 35: Revenues from services: breakdown
A2. 2Q26 Supplementary information Revenues from services: breakdown Wealth management revenues Protection insurance revenues Banking fees Breakdown by main category, €M and % Breakdown by main category, €M and % Breakdown by main category, €M and % 2Q26 % yoy % qoq 1H26 % yoy 2Q26 % yoy % qoq 1H26
Slide 36: Additional information on wealth management and protection insurance
A2. 2Q26 Supplementary information Additional information on wealth management and protection insurance WEALTH MANAGEMENT PROTECTION INSURANCE Spanish wealth management market(1): AuMs in €Bn Spanish life-risk insurance market(3): premiums in €Bn Rest of the market CABK Rest of the market CABK (Vida
Slide 37: IFRS9 Scenarios
A2. 2Q26 Supplementary information IFRS9 Scenarios 30-Jun-26(1) 31-Dec-25 SPAIN PORTUGAL SPAIN PORTUGAL Real GDP (% yoy) Weight 2026e 2027e 2028e 2026e 2027e 2028e Weight 2026e 2027e 2028e 2026e 2027e 2028e Base case 60% 2.4 2.0 1.7 2.1 1.9 1.8 60% 2.0 1.9 1.7 2.0 2.0 2.0 Upside 10% 3.6 2.7 1.6 3.8
Slide 38: Sustainability: 1H26 highlights
A2. 2Q26 Supplementary information Sustainability: 1H26 highlights End-of-period EVOLUTION OF MAIN KPIs VS. TARGET, JUN-26 cumulative figure Target 1H26 HIGHLIGHTS >€100 Bn Ranked Europe’s #1 » Mobilisation of sustainable finance(2) >€81 Bn Cumulative 2025-27 sustainable bank by S&P Global ADVANCI
Slide 39: Group P&L
A3. P&L: Group, by perimeter, and by segment Group P&L − €M 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 1H26 1H25 Net interest income 2,729 2,662 2,715 2,674 2,636 2,646 5,390 5,282 Revenues from services , o/w: (1) 1,398 1,374 1,383 1,302 1,303 1,278 2,772 2,581 Wealth management 555 536 527 511 483 490 1,091 97
Slide 40: Income statement by perimeter
A3. P&L: Group, by perimeter, and by segment Income statement by perimeter − €M 1H26 % yoy 1H26 CABK % yoy 1H26 BPI % yoy Net interest income 5,390 +2.0% 4,956 +2.3% 434 -1.1% (1) Revenues from services , o/w: 2,772 +7.4% 2,609 +7.3% 162 +8.3% Wealth management 1,091 +12.1% 1,056 +11.9% 34 +19.1% Pr
Slide 41: Income statement by segment
A3. P&L: Group, by perimeter, and by segment Income statement by segment − €M Bancassurance BPI Corporate center 1H26 % yoy 1H26 % yoy 1H26 % yoy SEGMENT REPORTING FROM 1Q22 Net interest income 4,937 +3.2% 420 -2.2% 33 -50.4% (2) Revenues from services , o/w: 2,609 +7.3% 163 +8.5% (0) Wealth managem
Slide 42: Credit ratings
A4. Ratings Credit ratings Improved during 2026 Issuer Rating Debt instruments Long term Short term Outlook SP SNP Tier 2 Covered bonds A2 P-1 stable A2(1) A3 Baa1 Aaa(2) 21 April 2026 A+ A-1 stable A+ BBB+ BBB AAA(3) 19 March 2026 8 July 2026 A+ F1 stable A+ A BBB+ - A (high) R-1 (middle) stable A
Slide 43: CaixaBank ESG indices – ratings
A4. Ratings CaixaBank ESG indices – ratings Worst Rating scale Best Worst Rating scale Best ESG Entity Rating Score (solicited) ESG corporate rating B- 2 D- D D+ C- C C+ B- B B+ A- A A+ Status: Prime Transparency: very high 5 4 3 2 1 Transparency level Decile rank: #1 Very low Low Medium High Very h
Slide 44: Definitions (I/II)
A5. Glossary Definitions (I/II) In addition to the financial information prepared in accordance with International Financial Reporting Standards (IFRS), this document includes certain Alternative Performance Measures (APMs) as defined in the guidelines on Alternative Performance Measures issued by t
Slide 45: Definitions (II/II)
A5. Glossary Definitions (II/II) Term Definition Term Definition NPL stock / NPLs Non-performing loans including non-performing contingent liabilities. The cumulative sustainable finance mobilisation in the 2025–2027 period is the sum of: (i) new sustainable financing production for individuals and
Slide 46: Acronyms and abbreviations
A5. Glossary Acronyms and abbreviations Term Definition Term Definition ABS Asset-backed security. LTV Loan to Value. AC Amortised Cost. M-MDA Maximum Distributable Amount related to MREL. AEB Asociación Española de Banca. Spain. MDA buffer Maximum Distributable Amount buffer. AT1 Additional Tier 1.
Slide 47: CaixaBank
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