Bankinter Group reported a robust performance for the first nine months of the year, delivering net profit of 430.1 million euros, up 21.2 percent from the prior-year period. The gains came on the back of sustained margin expansion and solid business growth across the group’s operations, signaling healthier profitability as the year progressed.
Excluding the capital gains from the sale of Línea Directa, the bank outpaced its 2021 results with a stronger overall profit trajectory. The group also benefited from four months of earnings generated by Línea Directa’s insurance activities, contributing to the year’s positive momentum.
On a standalone basis, the pre-tax result from banking activity reached 601.6 million euros, marking a sizable year-over-year increase of 35.9 percent and underscoring the bank’s ability to translate growing revenue into higher earnings through its core activities.
Speaking about the third quarter of 2022, Bankinter highlighted a period of “strong” balance sheet growth and favorable momentum across all business indicators. The firm described a sustained business rhythm that delivered broader margins and an improved bottom line, reinforcing the positive trend noted earlier in the year.
These figures are presented as evidence of Bankinter’s potential to capture additional market share across both domestic and international markets in which the bank operates. Schooling the expectation that the income from Línea Directa would be fully recovered through banking operations is also cited as a strategic achievement, reflecting confidence in the group’s integrated business model.
The strength of the enterprise is visible in the main financial ratios and indicators, which illustrate a balance sheet that looks resilient, with solid solvency and strong profitability as central features of the bank’s profile.
In terms of profitability, the return on equity (ROE) is among the highest in the industry, standing at 11.6 percent, while the return on tangible equity (ROTE) reaches 12.3 percent. These metrics reflect an efficient allocation of capital and a business model that efficiently converts assets into earnings for shareholders.
From a solvency perspective, the fully loaded common equity tier 1 (CET1) capital ratio stands at 11.90 percent, indicating that Bankinter comfortably surpasses the European Central Bank’s minimum requirement for institutions with comparable risk profiles and activities. This level of capitalization supports the bank’s ability to withstand potential shocks while pursuing growth opportunities.
On the issue of credit risk, the default rate remained controlled at 2.10 percent, substantially below the industry average. The metric also shows improvement relative to the prior quarter and is notably lower than a year earlier, highlighting prudent risk management and a conservative lending approach.
Nevertheless, Bankinter has continued to prudently enhance its default coverage, increasing it to 65.1 percent from 62.8 percent a year ago. This deliberate stance reinforces the bank’s readiness to absorb potential losses without compromising operating strength.
Productivity metrics show some variation, with the efficiency ratio at 43.16 percent in the period, compared with 43.87 percent a year earlier. When considering the Spanish operations specifically over the last twelve months, the productivity indicator is 41.8 percent, reflecting ongoing efforts to optimize cost control and revenue generation across the group’s footprint.