Earnings Presentation
Q12025
24 April 2025
Disclaimer
Bankinter presents its financial statements in accordance with the regulatory framework applicable to the Group, set out in the Commercial Code and other company regulations, as well as by International Financial Reporting Standards adopted by the European Union, and prudential regulation with our best estimation of regulatory ratios.
The purpose of this presentation is purely informative, and its content should not be understood as an offer or recommendation to buy or sell financial instruments issued by Bankinter, S.A. ("Bankinter" or "BKT") or any other companies mentioned herein.
Investors should make their own investment decisions, seeking the specialized advice they deem necessary and not relying on the information contained in this presentation.
Similarly, Bankinter advises that this presentation may contain forward-looking statements, regarding the business evolution and results of the entity.
While these statements represent our opinion and future expectations, various risks, uncertainties and other important factors may cause results to differ significantly from our expectations. These factors include, but are not limited to, (1) general market trends, macroeconomic, political, and new regulations, (2) variations in both local and international stock markets, foreign exchange and interest rates, as well as other market and operational risks, (3) competitive pressures, (4) technological developments, (5) changes in the financial situation, credit capacity, or solvency of our clients, debtors, and counterparties, etc.
The financial information contained in this document has been prepared in accordance with International Financial Reporting Standards (IFRS). This document also includes certain Alternative Performance Measures (APMs), as defined in the Guidelines on Alternative Performance Measures published by the European Securities and Markets Authority (ESMA) in October 2015 (ESMA/2015/1415). Bankinter uses certain APMs, which have not been audited, to allow users to better understand the Company's financial performance. These measures should be considered as additional information and under no circumstances replace the financial information prepared under IFRS.
Furthermore, the way in which Bankinter defines and calculates these measures may differ from other similar measures calculated by other companies and, therefore, may not be comparable. The ESMA Guidelines define APMs as a financial measure of historical or future financial performance, financial position or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework. To learn more about the APMs used and the reconciliation of
certain indicators, please see the relevant quarterly financial report of Bankinter,which can be found in Excel format on its website under Shareholder and Investor Relations/Financial Information/Quarterly financial information in excel.
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/01
Highlights
4
Highlights
.1 Promising start of the year
Strong commercial activity, reflected in solid volume and fee growth
vs 1Q24 | +9% | |||||||
Growing customer volumes | CUSTOMER VOLUMES1 | |||||||
+5% | +7% | +17% | ||||||
LOAN BOOK | RETAIL DEPOSITS | AUMs | ||||||
vs 1Q24 | +11% | |||||||
Increasing revenues | GROSS OPERATING MARGIN | |||||||
-6% | +13% | |||||||
NII | NET FEES | |||||||
1Q25 | 2,16% | |||||||
Preserving the risk profile | ||||||||
NPL RATIO | ||||||||
Last 12 months | 36,7% | |
Best-in-class efficiency levels |
COST-TO-INCOME
1Q25 Net Income €270 Million | ROTE 19,9% Last 12 months |
5 | 1Loan Book, retail deposits and Assets under Management ("AUMs"). |
Highlights
.1 Volume growth across the board, spanning all geographies
Customer Volumes1 | By Volume Type | |
€ billion | € billion |
+9%
+€18Bn
vs mar-24
+9% / €18Bn
Loan Book | +5% / €3,7Bn | |
77 | 80 | 81 |
206
221224
mar-24 | dec-24 | mar-25 |
mar-24 | dec-24 | mar-25 | |
Retail Deposits | +7% / €5,7Bn | ||
By Geography
% of customer volumes, legend % increase vs mar-24 | 79 | 83 | 84 | |||||
2% | ||||||||
10% | mar-24 | dec-24 | mar-25 | |||||
Spain +9% | AUMs | |||||||
+17% / €8,6Bn | ||||||||
Portugal +8% | ||||||||
Ireland +23% | 50 | 58 | 59 | |||||
88% | ||||||||
mar-24 | dec-24 | mar-25 | ||||||
6 | 1Includes loan book, retail deposits and Assets under Management ("AUMs"). |
Highlights
.1 Gross income up 73 million euros, reflecting an 11% increase
Driven by strong fee performance and absence of the bank levy
Gross operating income
"Core" revenues
€ million
+11% / +€73M
732
659
€ million
Relevant income differences:
+€22M
Net Fees
-€37M
NII
+€95M
Bank Levy
-2%
743
166
729
188
578
541
1Q24 | 1Q25 | 1Q24 | 1Q25 | |
Net Interest Income (NII) | Net Fees | |||
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Highlights
.1 Preserving asset quality
Through well-balanced growth, with 68% of new loans backed by real guarantees
Loan Book Growth | Asset Quality1 | |
% of loan book growth | ||
NPL Ratio, last sector data | ||
+€3,7Bn / +5% | 3,3% | ||
vs mar-24 | |||
2% | 2,5% | ||
2,4% | |||
30% | |||
40% | 1,3% | ||
1,0% | |||
13% | |||
15% | 0,3% | ||
Credit Cards | Spain | Portugal | Ireland |
Spanish mortgages, other w/ real guarantees | NPL | Sector |
Irish Mortgages
Portuguese mortgages, other w/ real guarantees
Loans and other credits
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1Sector NPL data based on the last available information published in each national bank as of April 2025
Highlights
.1 Optimizing efficiency ratios, and reaching all-time-high profitability levels
Cost-to-income ratio
12-month periods
42,3%
37,2%
European Peers1
Cost-to-Income ratio:
47,8%
1st quartile
out of +100
European
36,7% SIs
ROE | 19,9% |
12-month periods | ROTE |
4º quartile
18,8% out of +100 European
17,9%SIs
17,1%
European Peers1
ROE: 12,2%
mar 22-23 | mar 23-24 | mar 24-25 | 2023 | 2024 | 1Q25 |
1. 4Q24 aggregated data from ECB Data Portal. Supervisory dataBusiness model Diversified Lenders includes 30 European Peers. Table T04.05. Quartile data, Significant Institutions (SIs)
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/02
Results & Solvency

