Unicaja exceeds the capital requirements of the ECB and has no limit on its dividends

Málaga, Nov 30 (EFECOM).- Unicaja Banco exceeds the minimum capital requirements for next year required by the European Central Bank (ECB), so they do not imply limitations on the distribution of dividends or variable remuneration.

The entity has communicated this to the National Securities Market Commission (CNMV) after receiving from the ECB the result of the supervisory review and evaluation process (SREP), which includes the minimum prudential capital requirements applicable for 2024.

Unicaja Banco, at the end of the third quarter of 2023, reached capital ratios that “represent a margin over the levels required of the entity”, as explained this Thursday by what is the fifth largest Spanish bank to the stock market supervisor.

It achieved a profit of 285 million euros in the first nine months of the year, almost 5% more than in the same period of the previous year, after fully paying the 63.8 million of the new temporary banking tax in the first quarter.

Without the impact of this tax, the net profit would have amounted to 349 million, 28.4% more than in September 2022. EFECOM

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