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Grupo Cooperativo Cajamar Records 2% H1 Profit Growth at €177.6 Million

Fee income gains from services helped offset a drop in lending margins in a low-rate environment.

Overview

  • Retail managed resources increased 10.6%, lifting deposit market share to 2.9%.
  • Total business volume rose to €108.37 billion from €100.29 billion in H1 2024.
  • Credit investment climbed 7.6% to €40.48 billion, with 40.9% of new corporate financing allocated to the agri-food sector and market share reaching 3.1%.
  • Common equity Tier 1 ratio improved to 16.3% while non-performing loans fell to 1.78%.
  • Fee income rose 9.1% and disintermediation commissions 18.6%, mitigating an 11.9% decline in net interest margin.