CaixaBank Mortgage Growth Slows Sharply, CEO Sees Further Decline

CaixaBank, Spain's largest mortgage lender with 25% market share, has cut its mortgage growth rate from 50% to 8%, and its CEO expects further declines in coming months. This signals a sharp cooling in Spanish housing credit demand, likely reflecting higher rates or weakening property market. The slowdown may pressure CaixaBank's earnings and indicate broader credit tightening in Spain.

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