The pre-tax profit for Bankinter reached 1.143 billion euros from January to September, marking a 5.6% increase compared to the first three quarters of 2024, the financial institution announced to Spain’s National Securities Market Commission (CNMV).
In Portugal, where Bankinter has been operating since 2016, the pre-tax profit for the first three quarters of the year was 157 million euros, up 2% from the same period in 2024.
The bank highlighted growth in Portugal, noted as its second-largest market by business volume after Spain, despite increased expenses related to new project investments and a balanced distribution of costs throughout the year.
The credit portfolio in Portugal reached 11 billion euros at the end of September, a 11% rise from the previous year, while client resources climbed to 10 billion euros, an increase of 5%.
“In terms of off-balance sheet resources, including assets under custody, growth is significantly higher at 23%, totaling 11 billion euros, demonstrating strong commercial dynamism and a clear orientation towards higher value-added products,” Bankinter noted regarding Portugal in the same statement.
“Off-balance sheet resources” refer to investment funds, pensions, or wealth management.
Overall, the gross margin (reflecting total revenue) of the Bankinter group, which operates in Spain, Ireland, and Portugal, rose by 4.7% to 2.251 billion euros by September.
Bankinter pointed out that “business volume growth” helped “mitigate the negative impact of interest rate trends on the interest margin [the difference between the interest paid and collected by the bank], which recorded a 3.5% year-on-year decline to 1.667 billion euros.”
Net fees (the difference between fees charged and paid by the bank) reached 577 million euros, a rise of 10.6% over the first nine months of 2024.
The credit portfolio reached 82.501 billion euros, growing by 5.3% in the first three quarters of 2025, “above the sector average in all countries where the group is present,” particularly in Ireland (up 20%) and in Portugal (up 11%), with the global delinquency rate (delays or defaults on loan repayments) standing at 2.05%.
The return on equity (ROE) stood at 18.2% (it was 17.9% at the end of 2024).
The total assets of the Bankinter group amounted to 128.702 billion euros at the end of September, an 8.7% increase from the previous year.
Client resources reached 151.114 billion euros, up 11% from the first nine months of 2024, with off-balance-sheet resources experiencing “record growth in the sector” of 19.9%, reaching 65.812 billion euros.
Bankinter emphasized achieving “profitable growth” across “all types of activities and geographies” by September.
Spain is Bankinter’s primary market, accounting for 87% of the bank’s customer business volume.
In 2024, the Bankinter group achieved profits of 953 million euros, a 12.8% increase over 2023, marking a record in its history.
