CaixaBank SA (MEX:CABK)

MXN 108.32 1.32 (1.23%) Market Cap: 776.07 Bil Enterprise Value: 665.86 Bil PE Ratio: 7.15 PB Ratio: 1.01 GF Score: 52/100

Q2 2019 Caixabank SA Earnings Call Transcript

Jul 26, 2019 / 09:30AM GMT

Release Date Price: MXN56.65

Transcript

Edward O;Loghlen

CaixaBank, S.A. - Director of IR

' -

Good morning, and welcome to CaixaBank's Second Quarter of 2019 Financial Results. With us today is the usual management team of Mr. Gonzalo GortÃ¡zar, the CEO; and Javier Pano, the CFO. We plan to spend around 30 minutes of presentation followed by a live Q&A of an estimated 45 minutes. (Operator Instructions)

Without further ado, let me hand it over to our CEO, Gonzalo GortÃ¡zar.

Gonzalo GortÃ;zar Rotaeche

CaixaBank, S.A. - CEO & Executive Director

¡ -

Thank you, Eddie. Good morning to you all. I'll get directly into the summary of the quarter. Obviously, results are down due to the restructuring agreement, but I think it's important. And there's weakness in core revenues. We've changed our guidance. You've seen all of that. I think it's important to keep in mind that our business is associated with clients and that these 2 quarters -- and this particular quarter has been extremely successful in our activity with clients.

Performing loans are up 2.3%

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