Kutxabank Net Profit Up 38.4% to €639M by September; Consumer Credit Surges

Kutxabank reported a 38.4% increase in net profit to €639 million for the first nine months of 2026, driven by strong growth in consumer credit (19.7%) and wholesale credit (21.4%), while mortgage lending fell 3% due to softer residential demand. The results indicate robust Spanish bank profitability amid mixed credit demand, with consumer lending offsetting housing market weakness.

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