Bankinter, S.A. (BKIMF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and thank you for joining this earnings presentation call for the first half of 2025. Financial statements were posted with market authorities earlier this morning. All materials can be found on our corporate website as well. Please refer to the disclaimer in the presentation and note that this call is being recorded. Today, we are joined by our Chief Executive Officer, Gloria Ortiz, and our Chief Financial Officer, Jacobo Diaz. Before handing over to Gloria, I'd like to mention that Bankinte is celebrating its 60th anniversary, marked by innovation, business diversification, and steady organic growth, as illustrated on the cover page in the timeline we've included. Thank you very much, and over to you, Gloria. Good afternoon. I appreciate Lori highlighting our 60th anniversary with our continued focus and adherence to our core values over the past six decades. have been fundamental to our success, which stems from a strategy focused on innovation, excellent customer service, and effective technology use, topics I will expand on later. Let's start on page five with a key highlight for this first six months of the year. 2025 continues to be marked by accelerated growth and resilient margins. Commercial activity demonstrates positive momentum as overall customer volumes have increased by 9% compared to the previous year. We see solid trends in customer lending activity balanced with retail deposit growth and an exceptional wealth management dynamic with assets under management increasing by 18%. Our business margins have remained strong supported by ongoing balance sheet growth and effective management of deposit costs in alignment with asset yields. Gross revenues rose 6% this semester despite lower NII which reached its inflection point in Q1, and Q1Q...