Bankinter gana 901 millones hasta septiembre, un 11% más

Bankinter reported a profit of 901 million euros in the third quarter of the year, marking an 11% increase compared to the previous period. The bank's results align with analysts' expectations, driven by growth in client activity, diversified income streams, and disciplined business management. The bank's net interest margin reached a record 1,762 million euros, a 5.7% increase, thanks to higher business volumes and effective management of margins.

Commissions rose by 13% to 651 million euros, with significant contributions from asset management, brokerage, and transactional business, along with extraordinary investment in alternative investments. Overall, the bank's efficiency rate improved to 34.8%, down from 36.1% in the previous year, attributed to its efforts to maintain a lean group structure and digital transformation initiatives, particularly generative AI.

Bankinter's client banking portfolio grew by 7.1% to 250.142 million euros, with a 3% increase in credit lending and a 9% rise in client assets in Spain. In Portugal, the credit portfolio expanded to 12.000 million euros, a 9% increase, while client assets grew by 18%, reaching 21.000 million. In Ireland, client banking volumes surged by 26% to 5.600 million euros, driven primarily by credit lending, which grew by 23.4%, with client resources still in their early stages but expected to gain momentum in future quarters.