CaixaBank unveils 2015-2018 plan

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Spain’s CaixaBank has revealed its business plan from 2015 to 2018 which seeks to obtain a return on tangible equity between 12% and 14% starting from 2017.

CaixaBank, which owns the second AM in the country for AUM, aims at becoming “Spain’s leader in quality, trustworthiness and reputation”.

The business plan is based on five pillars including focussing on clients; achieve consistent profitability; pursue active management; strengthen the bank’s digital skills and invest on high-quality recruitment.

Profits will be sought through diversification, by aiming at boosting numbers within the Spanish market; expansion of the corporate banking activities and the strengthening of advisory services, the bank said.

CaixaBank will pursue a growth rate of 4% in credit and 6% in resources. The bank also said that it seeks to raise its market share in credit and deposits by 0.6-0.7 percentage points and by 2 percentage points in investment funds, pension funds and saving accounts.


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