CaixaBank CEO Sees No Material Impact From Windfall Tax Review

CaixaBank SA doesn’t expect a material impact on its results after a review of Spain’s special tax on banks, Chief Executive Officer Gonzalo Gortazar Rotaeche said.

Gonzalo Gortazar Rotaeche at Bloomberg Future of Finance in Madrid.

Photographer: Paul Hanna/Bloomberg

“We have results in a few weeks on, so we’ll give additional details,” he said at Bloomberg’s Future of Finance summit in Madrid on Wednesday. The bank is of the view that it properly registered the tax.

Bloomberg reported this week that Spain’s largest banks face additional payments after a government review found they underpaid a windfall tax imposed in 2022 to siphon off some of the profits they were making on the ...