Bankinter acelera el crédito en Irlanda y Portugal

Bankinter is accelerating credit expansion in Ireland and Portugal, which are accounting for a significant portion of the bank's credit portfolio. The two countries together represent 64% of the interannual growth in private sector credit. In the first half of the year, Portugal's credit portfolio grew by 742 million euros, while Ireland's grew by 1.009 billion.

Combined, these increases account for nearly two-thirds of the total increase in private sector loans (2.728 billion). Portugal alone accounts for nearly 37% of this credit growth. Spain, while still contributing to the bank's growth, has a smaller credit portfolio. Bankinter's strategy varies between the two countries, but both aim to grow in segments where they can achieve greater returns and differentiate their credit mix.

In Portugal, Bankinter already has a strong presence and is looking to increase engagement with its customers. In Ireland, the bank is just beginning to expand, having entered the market in 2019 with the acquisition of Avant Money. Bankinter has seen significant credit growth in both countries, with particular success in Ireland's mortgage market.

The bank aims to diversify its business across the three markets, with Portugal and Ireland accounting for 16% of total income and the goal of reaching 20% in the medium term.