The financial institution has highlighted the growth in retail managed resources by 11,1% and the increase in credit investment by 5,3%, especially in corporate financing, which experienced a significant year-on-year increase of 11,5%.
El Consolidated profit before tax reached 134,9 million euros, 30,2% more than the previous quarter and 4,8% higher year-on-year, after deducting 14,1 million corresponding to the Banking Tax.
The entity maintains one of the lowest default rates in the sector, standing at 1,85%, and continues to strengthen its solvency, with a phased-in ratio rising to 16,6% and a phased-in CET-1 ratio of 14,3%. This increase is due to the 7,5% year-on-year growth in capital.
With a consolidated and diversified portfolio, credit investment grew by 5,3%, highlighting the year-on-year increase in corporate financing, at 11,5%, and leading the agri-food sector, with a 15,4% share.
As for commercial activity, andThe turnover managed by the Group exceeded 105.000 billion euros, 6,17% more than in the first quarter of 2024. The dynamism in the marketing of investment funds stands out, with an increase of 34,8%.
Fitch Ratings revised Grupo Cooperativo Cajamar's long-term credit rating upwards to 'BBB' with a stable outlook, consolidating its investment grade rating by the three main rating agencies.
In addition to the financial results, Grupo Cajamar has reaffirmed its compromise with sustainability, being recognized by Morningstar Sustainalytics in ESG Industry and obtaining the highest rating 'A' by CDP in its management of climate change and corporate transparency.
Recently, the Banco de Crédito Social Cooperativo (BCC), the parent company of the Cajamar Group, moved its headquarters to the Cajamar Financial Center in the Almería Science and Technology Park (PITA), unifying a large part of its central services under one roof.
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