Bankinter kicks off 2017 with solid business performance and first quarter earnings of 124.4 million euros, up 18.7%27/04/2017
Bankinter Group has started the 2017 fiscal year, with strong business volumes and the profitable growth pattern evident from past years. Its net profit stood at 124.4 million euros at the end of the first quarter, with a pre-tax profit of 171.6 million. This constitutes an 18.7% and 16.3% year-on-year increase, respectively.
These results include business data from Bankinter Portugal that did not appear on last year’s first-quarter income statement since the group’s purchase of Barclays’ Portuguese subsidiary was not closed until 1 April 2016. Without Portugal, Bankinter Group’s quarterly net profit would be 120.6 million euros, up 15.1% from the first quarter of 2016; and its pre-tax profit would amount to 167.9 million euros, a 13.8% increase.
Bankinter is celebrating the one-year anniversary of its entry into the Portuguese market following its acquisition of Barclay’s retail and wealth business in Portugal, made final on 1 April 2016. To commemorate this first year, yesterday Bankinter opened its new head office in Lisbon, located in the Marquês de Pombal Square in the heart of the city.
This emblematic building, with 4,200 square metres and eight floors, will house services that, until recently, were based at the Sotto Mayor Palace, along with others from another building in the Colombo complex. Bankinter’s new head office groups together almost all its services under one roof, which will afford it greater efficiency in its operations and increase its brand awareness to further promote its business in Portugal.
Bankinter ended 2016 with a turnover of 6.82 billion euros from its international corporate banking business, compared with 5.7 billion in the previous year (+18%). This figure includes customer deposits and trade financing, bank guarantees, letters of credit and cash foreign currency transactions, and exchange rate insurance. All in all, international banking has become one of the most thriving activities under Bankinter’s corporate banking area, increasing its gross operating income by 27% this year.
In the breakdown by activity, a significant figure is that of the loan book relating to international transactions of Bankinter customers, with a year-end balance of 3.44 billion euros, up 27% from 2.69 billion euros in 2015.
Bankinter encourages employees to volunteer through the new portal, ‘Mueve.te’, with the Hazloposible foundation12/04/2017
Bankinter wishes to increase volunteering among employees. To this end, it has set up the portal, ‘Mueve.te’, in a collaborative effort with the foundation, Hazloposible. With this microsite, Bankinter hopes to get its more than 4,500 employees in Spain involved in solidarity causes, alongside various social and environmental organisations.
The Mueve.te portal will centralise and organise volunteering opportunities and inform employees about them on a regular basis to encourage them to take part. The idea is for this internal microsite to be the virtual meeting point for those volunteering for the various initiatives that will be carried out, including financial education and student-oriented entrepreneurship programmes, inclusive sport tournaments with individuals with disabilities, as well as environmental activities.