this Bankinter Group Record 430.1 million euro net profit in the first nine months of this year, representing 21.2% more than the same period of the previous yearwith improvements in margins and “strong” business growth, as reported by the business.
Except for capital gains from the operation of Línea Directa, bank surpasses 2021 results in sustained profitIncluding four months’ income from the insurance company.
On your own behalf pre-tax result of banking activity was 601.6 million eurosThis represents a growth of 35.9%.
Bankinter Group, third quarter of 2022 “strong” growth of the balance sheet and all business indicatorsas a result of a business activity that maintained the good rhythm of the year and translated into an improvement of all margins and the resultant result.
“These data are Confirming Bankinter’s potential to increase market share in all national and international businesses in which it operates; and the ability to more than fully recoup the income from Línea Directa by April 2021 through its banking activities,” he stressed.
All this power of the enterprise is transferred to the main ratios and indicators, according to the enterprise. “showing the health” of the bank’s balance sheetas well as solvency and profitability level.
The latter, measured in terms of ROE (return on equity), is one of the highest in the industry and is 11.6% with a ROTE of 12.3%.
Regarding solvency‘full’ CET1 capital ratio reaches 11.90%Bankinter “very comfortably” exceeds the minimum requirement of 7,726% demanded by the ECB for an institution with a risk level and type of activity.
Parallel, The bank maintains its default level of 2.10%, well below the industry average. That’s lower than in the previous quarter and 30 basis points lower than a year ago, according to the bank.
However, Bankinter cautiously continued to increase this default coverage to 65.1% from 62.8% a year ago.
The productivity rate is 43.16% compared to 43.87% a year ago. The same rate referred to Bankinter Spain in the last 12 months is 41.8%.