According to the CaixaBank Group's January to September results, dividend income from the investment portfolio in the second quarter includes dividends from Telefónica (Spanish multinational in the telecommunications sector) and BFA (Banco de Fomento de Angola), respectively of 50 and 40 million euros (104 million euros and 46 million euros in 2019).
CaixaBank's CEO, Gonzalo Gortázar, reiterated at the virtual press conference where he presented the group's results, that "there is nothing new" on BPI's 48.1 per cent stake in BFA's capital.
The Spanish group that owns BPI has already expressed several times its intention to "reduce" its participation in the Angolan financial institution, and Gortázar reiterated that "there is no deadline" for this to happen.
According to the results presented this Friday, CaixaBank obtained profits 726 million in the first nine months of the year, a reduction of 42.6 percent compared to the same period in 2019, after making extraordinary provisions of 1161 million to face covid-19.
For its part, the Portuguese subsidiary, BPI, contributed 101 million euros to the group during that period, a fall of 41.5 percent over a year earlier.
In the information it transmitted to the market, the Spanish bank reveals that its turnover, which includes loans and own resources, totalled 646,299 million euros in the first nine months, the highest figure since the institution was created.
CaixaBank's main ('core') revenues, those derived from its main activity (interest margins, net commissions and insurance revenues), remained almost unchanged, having decreased by only 0.7 per cent to 6158 million up to September, according to the report presented to the National Securities Market Commission (CNMV) in Madrid.
