Bankinter, S.A. (BKIMF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning to all and thank you for joining this earnings call for the third quarter of 2025. Financial statements were posted with market authorities earlier this morning and all materials can be found on our corporate website. Please refer to the disclaimer in this presentation and note that this call is being recorded. Today we are joined by Chief Executive Officer Gloria Ortiz and Chief Financial Officer Jacobo Diaz. Thank you, Laurie. Good morning to all and welcome to this third quarter 2025 results presentation. Since we last met in July, many things have happened. The tariff conflict between the European Union and the United States has been resolved. The Israel-Gaza conflict seems for now to have reached its end. We learned the results of the BBVA-Sabadell takeover bid last Thursday, and interest rates have bottomed as the European Central Bank has ended rate cuts with inflation aligned with its targets. Additionally, the EVA stress tests were published on August 1st, in which Bank Inter is again the listed bank in Spain, as well as in the Eurozone, with the lowest capital depletion in the hypothetical case of a very adverse economic scenario. We continue to navigate an uncertain and volatile environment, and despite this, I would like to highlight that this quarter's results remain satisfactory following the trend of the previous quarter with very relevant growth and activity across all business and geographies. The third quarter has been another quarter with strong commercial activity, translating into a post-tax result of $812 million, 11% above the same period last year. These results are also accompanied by solid management ratios in terms of asset quality, efficiency, profitability, and solvency. As reflected in the figures, we continue to report impr...