Bankinter, S.A. (BKIMF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.979 Good morning, and welcome to Bonquinza's first quarter 2026 results presentation. 00:00:05.979 -- 00:00:10.245 Financial statements were posted with market authorities earlier this morning, and all 00:00:10.245 -- 00:00:13.509 materials can be found on our corporate website. 00:00:13.509 -- 00:00:18.196 Please refer to the disclaimer in the presentation and note that this call is being recorded. 00:00:18.196 -- 00:00:23.242 Today, we welcome our Chief Executive Officer, Gloria Ortiz, and our Chief 00:00:23.242 -- 00:00:28.129 Financial Officer, Jacobo Diaz. Gloria, over to you. 00:00:28.129 -- 00:00:33.238 Thank you, Laurie. Let me start with the key highlights for the quarter, which confirm 00:00:33.238 -- 00:00:38.185 the strength of our business model. Disciplined volume growth, continued margin improvements, 00:00:38.185 -- 00:00:43.493 a diversified and resilient income base, and best-in-class efficiency and risk 00:00:43.493 -- 00:00:45.095 metrics. 00:00:45.095 -- 00:00:50.322 In volatile markets and in an environment of geopolitical uncertainty, 00:00:50.322 -- 00:00:55.329 that combination is not a nice to have. It is what protects earnings power 00:00:55.329 -- 00:00:57.254 through the cycles. 00:00:57.254 -- 00:01:02.362 This quarter, we delivered it once again, with growth that is both profitable and 00:01:02.362 -- 00:01:06.408 controlled, supported by high-quality balance sheets. 00:01:06.408 -- 00:01:12.156 First, customer volumes increased by 6.5%, with customer lending at 5%, 00:01:12.156 -- 00:01:17.524 retail funds at 1%, and assets under management growing by 17%. 00:01:17.524 -- 00:01:23.782 This is balanced growth. We are growing where we see attractive risk-adjusted returns, 00:01:23.782 -- 00:01:28.347 and w...