Bankinter’s results accelerate with a profit of 418 million euros until June, 54% more, as reported to the CNMV this Thursday.
The increase occurred despite the fact that in the first quarter of the year the bank fully paid the new banking tax, which amounted to 77.5 million euros. “All the bank’s business lines, national and international, observe extraordinary behavior,” he said in a statement.
In the key metrics for banking, total income (gross margin) was 1,278 million euros up to June, which represents an advance of 33% compared to 2022. Looking only at interest income (interest margin), these rose 61%, to 1,068 million euros.
The operating margin stands at 826 million euros, 54% more, after operating costs grew by 6%, to 452 million, due to the increase in personnel, administration and amortization expenses.
Net commissions remained at 303 million, the same figure as the previous year.
By business segments of the bank, the business banking area remained the main area, with total income of 569.8 million euros, 68.1% more; while commercial and private banking rose 46.8%, to 484.4 million euros, and the consumer goods segment stood at 194 million, 21.4% more.
The negative note is given in mortgage production, which fell by 16% to 2,900 million euros, due to the “weaknesses” of the real estate market and the increase in rates.
The NPL ratio remained at “optimal” levels of 2.2%, compared to 2.1% a year ago. In Spain, this NPL ratio was 2.5%.
As regards solvency, the CET1 fully loaded capital ratio was 12.25% at the end of the semester, 40 basis points more than a year earlier. The total capital ratio rose by 113 basis points, to 16.24%.
