CaixaBank reiterates to distribute dividends up to 60% of profits | Companies

Gonzalo Gortázar, CEO of CaixaBank, met with members of the bank’s shareholders’ advisory board this Sunday to comment on CaixaBank’s position in the Spanish financial system after the results for 2021 and the shareholder pay proposal, as well as its affiliation with Bankia. . The manager reiterated that by 2022 the company’s pay will be between 50% and 60%.

The executive stressed that the current start-up position of CaixaBank will allow it to take advantage of opportunities that may arise in the coming years. In this sense, he pointed out, they operate “in defining the company’s strategic lines to face the future.”

During the meeting, CaixaBank “successfully implemented” Bankia’s consolidation last year and upgraded the level of its financial strength, allowing families and companies to continue to support and standardize pay policy for shareholders.

“Despite the time and effort we have to dedicate to this integration, we have also achieved the goals we set for ourselves in terms of business performance, financial strength and income statement,” he assured.

CaixaBank will return to its traditional cash dividend policy for 2021. “In addition, we intend to distribute 50% to 60% of profits in the 2022 financial year and implement a share repurchase plan,” Cortazar explained.

Finally, the CEO thanked the members of the Stakeholders’ Advisory Committee for their participation in the organization, saying, “It allows the company to get closer to its partner base and promote transparency while constantly improving communications.”

Members of the Advisory Board also met with Javier Pano, Finance Director of CaixaBank, who reviewed the company’s economic results for 2021 and participated in a working session with Raoul, Director of Social Activity at the Network. Marquette, who provided key projects in collaboration with CaixaBank.

The purpose of the Stakeholder Advisory Committee is to propose, promote and evaluate measures and communication channels to enhance the dialogue between the company and its stakeholders. It is made up of representative members of the partner site and the maximum permanent is three years, so a portion of it is renewed annually.