The president of Unicaja, José Sevilla, reaffirms his commitment to the bank with the purchase of 50,000 shares. The investment, the first reported by the manager since he took the reins of the entity replacing Manuel Azuaga, took place on the 30th and was made at 1.12 euros per share: 56,000 euros committed, according to the records of the National Securities Market Commission (CNMV).
The date coincides with the publication of results of the entity that, between January and September, earned 451 million euros. The amount represents a year-on-year increase of 58% and beats the 446.3 million that analysts predicted. Its boost comes from a 14% increase in income, with costs contained and after a decrease of almost 23% in the provisions item.
The entity maintains the profitability on tangible assets -RoTE- of 6.8%, higher than the 4.6% of last year, and reaches 8% in its calculation adjusted to the fully loaded CET1 capital bank, located at 15, 4%. If its rate were 11-13% like the rest of the sector, that RoTE ratio would reach 14-15%, according to the entity.
The bank appointed Sevilla as non-executive president in February, thus bringing to a close more than two years of governance problems due to the power struggles waged within the board of directors as a result of the merger agreements between Unicaja and Liberbank and how they were they executed.
The entity has reorganized its organizational chart and structure to enhance activity and certain businesses such as companies. As part of the new strategy and to take the reins of the individual business, it also incorporated Luis Colorado, head of commercial and digital banking at Santander Spain.
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