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Unicaja has a cushion of 4,700 million to reduce taxes

High tax credits are one of the assets provided by this bank merger, completed just a few weeks ago, because they reduce the amount of taxes to be paid in the future.

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Unicaja has a cushion of 4,700 million to reduce taxes

High tax credits are one of the assets provided by this bank merger, completed just a few weeks ago, because they reduce the amount of taxes to be paid in the future.

Unicaja and Liberbank had many separate tax credits before joining. After the merger, they add up to 4,767 million in DTA, as they are called in financial jargon. That is, rights to pay less taxes in the future. It is a

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