Bankinter, S.A. (BKIMF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. This is Laurie Shepherd from the Bankinter Investor Relations Team. Thank you all for joining us for this first quarter earnings presentation. Financial statements were posted with market authorities earlier this morning, and all materials can also be found on our corporate website. On the call today, we are joined by Bankinter's Chief Executive Officer, Gloria Ortiz, and Chief Financial Officer, Jacobo Diaz. Please refer to the disclaimer in the presentation and note that this call is being recorded. I will now turn over to Gloria to review highlights for the quarter. Jacobo will then talk through the financial results and performance of our business segments across the group before handing back to Gloria to close the presentation. Thank you, Gloria, and good morning to everyone on the call. Bank Inter initiated 2025 with significant commercial activity resulting in higher volumes across all its businesses and regions. We continue to consolidate a trend of increased profitability and strength through the diversification of revenue sources, segments and business products and services. This strength in commercial activity is reflected with solid growth of all customer volumes increasing 9 percent in total, with our loan book up 5 percent, retail deposits 7 percent, and assets under management increasing 17 percent. As our strategic focus is to deliver innovative products and services that add value to our customers, like our wealth management services, for example, We have been able to maintain high fee growth levels above 13%, partially offsetting interest rate compression, leading to the impressive achievement of an 11% increase in revenues this quarter compared to the first quarter of last year. Supporting these strong growth trends are the underlying...