Ibercaja posts net profits of €323m in H1

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Spain’s Ibercaja Banco has reported record net profits of €323m in the first half of 2014, the bank’s latest report has revealed. The company linked the extremely positive result to the acquisition of Caja 3 earlier last year, which helped bring AUM up again.

In particular, the asset management arm Ibercaja Gestión posted record inflows of €6bn in H1, shooting total AUM up by 70%. In the months between and January and June, client payments to the bank reached record €550m levels.

Ibercaja Banco also reported a 6.29% overall growth in their product sales, including investment funds, pension funds and securities.

 

Madrid

The Fund Selector Roundtable Spain takes place on 16 September 2014 at the ME Madrid Reina Victoria.

Click here for further details and to register: http://www.investmenteurope.net/events/

To connect with peers before the event visit: https://www.linkedin.com/groups?gid=8113576

 

 

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