Ibercaja closed the year 2025 with a net profit of 346 million euros, representing an increase of 2.8% compared to the previous year. This achievement positions the institution among the most solid in the Spanish financial system, highlighting improvements in its solvency indicators, asset quality, and profitability.
Historic Growth of Business Volume
The business volume of Ibercaja reached a historic high of 111 billion euros, with a growth of 5.8% compared to 2024. This advancement is largely attributed to the implementation of the initiatives of the Strategic Plan Ahora Ibercaja, in a favorable macroeconomic environment that has boosted the entity’s development.
Retail resources experienced a growth of 6.6%, reaching 80.843 billion euros. This increase is attributed to the positive evolution of household savings, market revaluations, and an effective customer acquisition strategy.
Strengthening of Resources and Credit Activity
The healthy credit of Ibercaja increased by 3.5%, amounting to 30.213 billion euros. Mortgage financing was the main driver of this growth, with a 30.1% increase in formalizations, which boosted the housing portfolio by 3.9% to 18.080 billion euros. In the non-real estate corporate segment, new formalizations grew by 8.6%.
The annualized profitability (ROTE) stood at 12.3%, exceeding the medium-term target of the strategic plan by more than 200 basis points. Despite a decline of 110 basis points in the 12-month Euribor, recurring income only decreased by 2.7%, reaching 1.266 billion euros.
Strengthening Solvency and Improving Assets
Ibercaja has strengthened its solvency levels with a CET1 Fully Loaded ratio of 14.2% and a Total Capital Fully Loaded ratio of 18.7%. The non-performing loan ratio decreased to 1.3%, improving by 147 basis points, making it one of the lowest in the sector.
Total problematic exposure, which includes doubtful accounts and foreclosed assets, was reduced by 20.4% to 590 million euros. The coverage ratio reached 90.2%, and net problematic assets represented only 0.1% of total assets, reflecting efficient risk management.
With a robust liquidity position, Ibercaja maintains an LCR ratio of 226.4% and a loan-to-deposit ratio of 84.1%. The deposit structure is highly granular, representing 84.9% of external financing, reinforcing the financial stability of the entity.
