Caixabank ended 2022 with a liquidity coverage ratio of 194%, well above the global banking sector average of around 140% as of June 2022, according to the Basel Committee on Banking Supervision. (Reporting by Jesús Aguado; additional reporting by Emma Pinedo; editing by Andrei Khalip)
Messaging: Reuters Messaging: jesus.aguado.reuters.com@reuters.net)) MADRID, March 31 (Reuters) - Recent market tensions were
triggered by banks with a "very different" business model to
Caixabank's , the chairman of Spain's biggest lender by
domestic assets said on Friday, adding that it had sound levels
of liquidity and capital.
The banking sector turmoil was triggered by the failure of
some smaller lenders in the United States, such as Silicon
Valley Bank, which had an unusually high level of corporate
deposits, and Credit Suisse , which was rescued by UBS .
"We have a huge diversification of our investments because
we cover all segments, from large corporates to households, and
because our ratios are extremely robust in terms of liquidity
and solvency," Caixabank's Chairman Jose Ignacio Goirigolzarri
told shareholders.
Since the beginning of the market tensions, shares in
Caixabank have dropped 10.2%, although they have recovered 4.5%
in the last four trading sessions.
On Friday, shares in Caixabank were down 1.9% at 0925 GMT.
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