Unicaja Banco SA (FRA:7UB)
€ 1.66 +0.022 (+1.34%) Market Cap: 4.31 Bil Enterprise Value: 1.62 Bil PE Ratio: 7.45 PB Ratio: 0.63 GF Score: 62/100
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Q4 2024 Unicaja Banco SA Earnings Call Transcript

Feb 4, 2025 / 10:59 AM GMT
Release Date Price: €1.41 (+4.36%)

Key Points

Positve
  • Unicaja Banco SA (FRA:7UB) reported a significant increase in net profit for 2024, reaching €573 million, which is a 115% increase compared to 2023.
  • The bank has successfully doubled its shareholder remuneration, with a final dividend of €7.4 per share, reflecting a 2.7 times increase year-on-year.
  • Customer business volume improved by 2% over the period, driven by a nearly 5% increase in deposits.
  • The bank has maintained a strong capital position with a CET1 fully loaded ratio of 15.1%, which is 40 basis points higher than Q4 2023.
  • Unicaja Banco SA (FRA:7UB) has reduced non-performing loans (NPLs) by 18% and foreclosed assets by 28%, with an NPL coverage ratio increasing to 71%.
Negative
  • The bank's credit volumes have slightly decreased despite stabilization in private lending.
  • Commissions fell by 4% in 2024 as the bank focused on retaining customers and writing off non-value-adding commissions.
  • Operating expenses increased by 5%, driven by personnel expenses and variable pay adjustments.
  • The bank's lending book continues to shrink, particularly in the corporate segment, which remains a challenge for growth.
  • There is ongoing pressure from fierce price competition in the mortgage loan segment, affecting market share and profitability.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UNI.MC - Unicaja Banco SA
Q4 2024 Unicaja Banco SA Earnings Call
Feb 04, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone. And thank you very much for joining us today for the result presentation of the fourth quarter, 2024 at Unicaja.

We will be presenting a summary of our strategic priorities for 2,527 as well. The presentation today has been uploaded to our corporate website prior to the opening of the market and it's also on the CNMV website. There are five sections today, our CEO Isidro Dral to my right and Pablo Gonzalez, our CFO is also present. They will be going through the presentation, Isidro will start with a brief summary of for the year. Pablo then will give a bit more color on the financial key figures and then I will take the floor again to share a bit more information about our ambition going forward the new strategic
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