Bankinter profits rise 8.4% YoY in H1 2018

Spain’s Bankinter has reported to the Spanish National Securities Market Commission (CNMV) net profits of €261.2m during the first half of the year, 8.4% up YoY.

Bankinter’s return on equity at 13% continues to stand out its performance indicators.

The bank’s capital adequacy also remains at levels well above regulatory requirements, with a CET1 fully-loaded capital ratio of 11.55%, a 24 basis points YoY increase, and 9 basis points more than at the end of 2017.

Bankinter’s commercial gap stood at €4.1bn and the bank’s loan-to-deposits ratio reached 106.6%.

The bank’s non-performing loan ratio stands at 3.25%, down from 3.74% last year. The NPL ratio of Bankinter Spain alone was below 3% for the first time in years, standing at 2.92%, less than half the sectoral average.

Furthermore, Bankinter Group’s foreclosed property assets continued to decrease, amounting to €387.1m (down from the €498.2m recorded a year ago), with coverage ratio of 45%.

Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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