2022-24 Strategic Plan Update
i STRATEGY
2024 guidance and financial targets
00
ங்கர்
a
NII
FY23
€10.1 Bn
CaixaBank
FY24e
In line with FY23
88
Wealth + protection + banking fees (1)(2)
€4.8 Bn
-0.3% yoy
Low-single-digit
growth yoy
Recurrent Costs
COR
%NPL (3)
€5.8 Bn
+5.2% yoy
<5% growth yoy
0.28%
2.7%
Upgraded targets
FY24e % ROTE(4) > 15%
2022-24e distribution capacity(5); ~ €12 Bn
While maintaining a
strong capital position
~0.30%
~3%
11.5 - 12%
% CET1 management target (6)
(1) Note that guidance for revenues excludes equity accounted income from SCA and revenues from other insurance investments (€248M in FY23). (2) The sum of Wealth management revenues + Protection insurance revenues + Banking fees under the
new presentation is equivalent to Net Fees + Insurance Service Result in the current revenue presentation. (3) New target includes full alignment to prudential definition of default (NDOD) by 2024. (4) FY24e % ROE in line with FY23. (5) Includes 2022 SBB 29
plus capital generated in 2022-24 in excess of 12% CET1 ratio (ex IFRS9 TA). (6) 12% CET1 remains the threshold to consider extraordinary distributions of capital surplus.View entire presentation