Abanca raises pre-tax profit 2.4% to €764.5 million and puts its ROTE at 12.2%

FinanceInternationalLa Voz de GaliciaOct 27, 2026, 5:53 AM40 s readAI summary

Abanca posted a pre-tax profit of €764.5 million so far this year, up 2.4% year on year, while after-tax profit fell 13.6% to €579.1 million. The bank attributes the gap to the normalisation of its effective tax rate, which rose from 7% to 28% due to lower use of tax credits. Its ROTE stood at 12.2% and business volume grew 6.4% to €142.859 billion.

In 40 seconds

Pre-tax profit of €764.5 million, up 2.4%; net profit fell 13.6% to €579.1 million due to the effective tax rate rising from 7% to 28%.
ROTE of 12.2% and return on CET 1 of 14.8%; net interest income grew 5.3% in the third quarter.
Business volume of €142.859 billion (+6.4%) and more than 116,000 new customers in Spain and Portugal so far this year.

Read the full story at La Voz de Galicia

IASummary generated by artificial intelligence from a story by La Voz de Galicia. It may contain errors: the original source prevails.

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Abanca raises pre-tax profit 2.4% to €764.5 million and puts its ROTE at 12.2%

In 40 seconds

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Keep reading

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