As usual, Bankinter has been commissioned to give the starting gun to a new season of results, this time the one corresponding to the accounts of the 1T2025. The Orange Bank has presented its numbers to the market before Thursday, in which it has decided Do not incorporate the Special Bank Tax in this period into accountingwhich in the first quarter of 2024 was an impact of 95 million euros.
Thus, the Bankinter group achieves in the first quarter of 2025 a benefit before taxes of 378.4 million euros, which means 15.8% more than in the same period of the previous year. Also, the net profit It reached 270.1 million euros, 34.5% above what was presented in the first quarter of a year ago.
As for the different ratios of the account, the profitability on its own resources, ROEimproves up to 18.8%, compared to 17.4% of a year ago, with a ROTE Of 19.9%, both figures among the best in the sector in Spain and Europe.
The capital ratio CET1 It reaches 12.35%, well above the minimum required to Bankinter by the ECB, which is 7.94%.
Regarding the MoneyImproves in seven basic points the ratio of a year ago, being 2.16%, lower than the average of Spanish and European banks. The efficiency ratio is in a successful 36.76%, which means leading the best figures in the sector.
And as for liquidity, it remains at optimal levels. The deposit ratio on credits It is 105%.
The interest rate environment has generated downward pressure on the interest marginwhich, despite the growth in the volume of credit, has been reduced by 6.4% compared to the first quarter of 2024 and 1.7% compared to the last quarter, up to 541 million euros.
He Gross marginwhich groups all the income, will reach this first quarter a figure of 732 million euros, 11.1% more than a year ago.
In the evolution of this margin, the good behavior of the Commissions for the different services that Bankinterporporciones its clients, which total 234 million euros, 9.8% more than in the same 2024 period. Within these, those from the most operational asset management business of assets, which total 124 million, 15% more. Also noticeable those from transactional activity, 94 million euros, 4% more.
With all this, the net commissions (Difference between the charges and those that the bank pays to its partners of the Network of Agents or Banking Partner), added in total 188 million, which means a brilliant growth of 13.5%.
Read more
As for the exploitation margin, It reaches 463 million euros, 8.5% more, and this considering operating costs of 269 million euros, higher than incurred in last year.
Los Total assets Babkinter are located as of March 31, 2025 in 123,851 million euros, with a growth of 9.7% compared to the same period of 2024.
The Credit portfolio On customers it reaches 80,764 million euros, 4.8% more than a year ago.
As for Customer Controlled ResourcesThey experience a dynamic growth of 12.8%, up to 158,038 million euros. Among them, customer retail resources reach 84,469 million euros, 7.3% more. And those managed out of balance (own investment funds and others marketed by the bank, pension funds, patrimonial management, sicavs and alternative investment) consolidate the strong upward trend that had already been showing the previous year, placing at the end of March at 59,073 million euros, 17% more than a year ago.
Space It remains, the market with the highest volume of activity for the Bankinter group, with a balance, including EVO, of 67,000 million euros in investment, 5% more; 77,000 million in customer retail resources, 7% more; And some more active managed resources in custody that grow 16%, to 127,000 million. The result before business taxes in Spain has been 312 million euros, 15% more.
The second geography in importance is Portugalwhere Bankinter maintains its strong upward trend in all the epigraphs of the account. Within the balance, growth is especially significant on the side of customer resources, 19% more, up to 9,000 million euros. As for the investment, it adds 10,000 million euros. The result before Portugal taxes is 56 million euros, 19% more.
