Caixabank Sa Unsp/Adr (CAIXY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the CaixaBank results presentation for the second quarter of 2026. As usual, we are joined today by our CEO, Gonzalo Gortazar, and our CFO, Javier Pano. In terms of logistics, a brief reminder, we plan to spend about 30 minutes with the presentation, followed by a Q&A, and you should have received instructions by email on how to participate. We have the press conference immediately afterwards, so we will need to be mindful of the time today and wrap up promptly. My team and I will be at your full disposal after the call for follow-up questions. And without further ado, Gonzalo, the floor is yours. Thank you, Marta, and felicidades. Santa Marta today on top of the World Cup but anyhow second quarter I'd say the highlights are very clear it's how successful we've been in the market in terms of our commercial traction you have a few figures here customer funds and performing loans both growing eight percent level well above what we were expecting and and we're very Thank you very much. Gaining market share as we like is just gradual. We're too big to be growing too fast in this market, but it's just a gradual trend. Fifteen basis points in payroll is very relevant. You look at the insurance side where we have a very clear, strong position in life savings and life risk. We see very strong growth. Also in non-life insurance where We're increasingly becoming a leading player in the market. So very satisfied to see that our commercial machine is working at full speed. Revenues are growing as guided in terms of NII and, in fact, accelerating. Revenues from services, 7.4%. NII was up 2%. Asset quality, big. Thank you very much. Thank you very much. Very strong second quarter. The economy is doing well. We are actually upgrading back our estimates f...