Marta Romero's questions to CaixaBank SA (CAIXY) leadership • Q1 2024
Question
Marta Romero sought clarification on whether extraordinary capital distributions could be announced in 2024, if higher provisions could be offset by a lower cost of risk, and the status of litigation with Coral Homes and MAPFRE.
Answer
CEO Gonzalo Gortázar confirmed the bank expects to announce extraordinary distributions during 2024 to advance its €12 billion capital return plan and sees no material impact from current litigation. CFO Javier Pano stated there is a 'chance' the provision delta could be offset by a better cost of risk but did not commit, noting other P&L lines could also help.