Bankinter achieves a record recurring profit of 845 million euros in 2023, 51% more

10/19/2023 The CEO of Bankinter, María Dolores Dancausa, speaks during the presentation of Bankinter’s third quarter results, as of October 19, 2023, in Madrid (Spain). Bankinter closed the first nine months of 2023 with an attributable net profit of 684.7 million euros, which represents an increase of 59% compared to the same period of the previous year, as reported by the financial institution this Thursday when publishing its balance sheet. quarterly results. The bank has highlighted that this increase occurred despite the fact that in the first quarter of the year the bank fully covered the payment of the new banking tax, which amounted to 77.5 million euros. ECONOMY Carlos Luján – Europa Press

In 2023, the Bankinter Group achieved a record recurring profit in its history of 845 million euros, which is 51% more than in 2022, when it earned 560 million euros, and despite the impact of the new tax on the financial sector, which for the bank was 77 million euros, according to the information it sent this Thursday to the National Securities Market Commission (CNMV). The entity points out that all business lines have grown “at a good pace” which has allowed it to “continue expanding” its market share in the customer segments and countries in which it operates. He explains that the favorable evolution of interest rates, the increase in volumes in all balance sheet headings and a “more active” management of clients’ assets have led to “substantial growth” in margins and improvements in profitability and efficiency. . Thus, the interest margin reached 2,213.5 million euros, which represents 44% more than at the end of 2022, while the gross margin (which includes all income) rose to a record figure of 2,660.5 million euros, with a 27.7% increase in the year.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button