Caixabank Sa Unsp/Adr (CAIXY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Cashabank Results presentation for the fourth quarter and the full year 2025. We are joined today by our CEO, Gonzalo Gortazar, and by Matias Bulag, our Chief Accounting Director. a management control and capital officer who also sits at the management committee. Our CFO, Javier Pano, is temporarily away on sick leave, but he's recovering well and expected to return shortly. In terms of logistics, same as usual, we plan to spend about 30 minutes with the presentation and about 45 minutes to one hour with the Q&A. The Q&A is live and you should have received instructions by email how to participate. Needless to say, my team and I will be at your full disposal after the call. And without further ado, Gonzalo, the floor is yours. Thank you, Marta, and good morning, everybody. Thanks for taking the time. And I will start with the highlights, as it should be the case. A very good year for us, I think. When I look back, it's probably the best year of the last 12, 13 years since the great financial crisis. And it is because we're really seeing a very balanced growth in the activity. Obviously, NAI has recovered from... from June and this quarter you see again a 1.5% growth. But when I see a balanced growth it is really that we are seeing volumes pretty much at 7% both in the customer funds and on the lending side. well above what we were expecting for this year, which was even at the time, you may remember when we presented the plan, it was seen as on the sort of too optimistic side. And in the end, fortunately, the economy has proved that actually that was possible. And we have a bit... We have made our targets with some ease and not just because the economy is growing, also because we're gaining market share. Revenue from services are up, as we...