Latest news with #CaixaBank
Bloomberg
a day ago
- Business
- Bloomberg
Caixabank is Not Looking at Doing Acquisitions, Says Bank CEO
CaixaBank is not looking to do acquisitions, after failing to acquire a Portuguese rival, Chief Executive Officer Gonzalo Gortazar said. 'We do not need to do M&A, we love markets in which we operate, Spain and Portugal I think are the most attractive market in Europe,' Gortazar said in a Bloomberg TV interview with Kriti Gupta, Guy Johson and Anna Edwards on Wednesday. 'We see growth, we have a lot of opportunities and hence M&A is not part of the picture.'
Mint
a day ago
- Business
- Mint
Caixabank is Not Looking at Doing Acquisitions, Says Bank CEO
(Bloomberg) -- CaixaBank is not looking to do acquisitions, after failing to acquire a Portuguese rival, Chief Executive Officer Gonzalo Gortazar said. 'We do not need to do M&A, we love markets in which we operate, Spain and Portugal I think are the most attractive market in Europe,' Gortazar said in a Bloomberg TV interview with Kriti Gupta, Guy Johson and Anna Edwards on Wednesday. 'We see growth, we have a lot of opportunities and hence M&A is not part of the picture.' Earlier this year, the Spanish lender lost out in a bid to acquire the Portuguese lender Novo Banco SA after Lone Star decided to sell its majority stake in the bank to France's BPCE, for a valuation of around €6.4 billion ($7.4 billion). CaixaBank is the market leader in Spain, but unlike its two main rivals, Banco Santander SA and BBVA SA, who have large operations in several countries, CaixaBank's only presence outside the country is in Portugal. 'Currently there are no synergies and a lot of complexities in undertaking major cross border consolidation, so we are very happy to stick with our two very attractive markets in Iberia,' Gortazar said. Both Santander and BBVA are currently involved in deal processes. Santander recently announced it was selling its Polish operations and soon after said it would acquire TSB in the UK from Banco Sabadell SA, another Spanish lender. At the same time, BBVA is trying to acquire Sabadell through an unsolicited approach. More stories like this are available on
Bloomberg
a day ago
- Business
- Bloomberg
EU, US Trade Deal Is ‘Lesser Evil,' a Top Spanish Banker Says
The trade deal between the European Union and the US is 'the lesser evil' as it helps avoid a wide conflict, according to the chief executive of Spain's largest domestic bank. The deal 'is what it is,' CaixaBank SA CEO Gonzalo Gortazar said Wednesday in a Bloomberg TV interview with Guy Johnson, Anna Edwards and Kriti Gupta. 'The lesson here is strategic autonomy: we need to be in a position where in three, five, 10 years down the road we're in a position to strike better deals with the US than the current one.'
Bloomberg
2 days ago
- Business
- Bloomberg
CaixaBank Is Seeking to Sell About €900 Million in Soured Loans
CaixaBank SA is in talks with investors to sell about €900 million ($1.04 billion) in soured loans as the Spanish lender accelerates the clean-up of its balance sheet. The talks are focusing on two portfolios, including one with around €450 million named Project Falkor, said people familiar with the matter. It is made up of around 7,000 re-performing mortgages, according to a sale document seen by Bloomberg News.
Finextra
21-07-2025
- Business
- Finextra
CaixaBank develops an AI agent to help customers explore products in the app
CaixaBank has launched a generative AI-based agent to help users of it mobile banking application learn details about products, compare the different available options, and choose which one best suits their needs. 0 The new functionality, initially developed for card-related transactions, has already been rolled out to 200,000 customers. Built on Google Cloud, the AI has the ability to answer questions about the features of the cards available in the app's catalogue, compare the different possibilities, and present the one that best suits their needs. Customers can also have a conversation with the bot to ask questions and get more information before applying for the recommended card through the app. Caixabank in February laid out a two-year, €5 billion technology roadmap with the aim of putting generative AI at the centre of the bank's operations. To this end, the bank has assembled a multi-disciplinary task force of more than 100 people to exclusively work on and deploy generative artificial intelligence in specific areas of internal and customer-related services. The new initiative comes as the Spanish bank embarks on an upgrade to its mobile app to redesign some of the most used operations and simplify the user experience.
