Finance
Unicaja's lending income stall in Q4 on lower rate
Published by Global Banking & Finance Review®
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 4, 2025
1 min readLast updated: January 26, 2026
Unicaja's Q4 lending income fell due to lower rates, with a net profit of 122 million euros, missing analysts' expectations.
MADRID (Reuters) -Lower interest rates put lending income at Spain's Unicaja under pressure in the fourth quarter compared with the previous three-month period.
In the September to December period, the lender booked a net profit of 122 million euros ($125.72 million), 22% less than in the previous quarter. Analysts expected a net profit of 142 million euros.
The country's sixth-biggest lender by market value had booked a 19 million euro net loss in the fourth quarter 2023.
On Tuesday, the bank also said its board had proposed the distribution of a dividend pay-out 60% against 2024 results, equivalent to 344 million euros.
Unicaja's net interest income, a measure of earnings on loans minus deposit costs, in the quarter fell 0.8% against the previous quarter to 381 million euros, higher than analysts' forecasts of 364 million euros.
($1 = 0.9704 euros)
(Reporting by Jesús Aguado, editing by Inti Landauro)
The main topic is Unicaja's lending income decline in Q4 due to lower interest rates.
Unicaja's net profit was 122 million euros, 22% less than the previous quarter and below analysts' expectations.
Unicaja's board proposed a 60% dividend payout against 2024 results, equivalent to 344 million euros.
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