The pre-tax profit surged to 378.4 million euros between January and March, marking an increase of 15.8% compared to the first quarter of the previous year.
In Portugal, where they have operated since 2016, pre-tax profits for the first quarter amounted to 56 million euros, representing a 19% increase from the same period in 2024.
In a statement released today, the bank highlighted a “strong growth trend across all performance areas” in the Portuguese market, particularly emphasizing a “significant 19% increase” in customer resources, which reached 9 billion euros in the first quarter.
The credit portfolio in Portugal stood at 10 billion euros, a figure similar to what the bank reported at the end of 2024.
Globally, Bankinter’s gross margin, spanning operations in Spain, Ireland, and Portugal, rose by 11.1% in the first quarter of 2025 compared to the same period in 2024, reaching 732 million euros.
According to Bankinter, “the notable performance of service fees provided to clients” contributed significantly to the gross margin’s evolution, with fees increasing by 9.8% to 234 million euros.
This “strong growth in revenue from typical customer business” helped offset “the pressure caused by the interest rate decline on the interest margin, which decreased by 6.4% compared to the first quarter of 2024 and 1.7% against the previous quarter, settling at 541 million euros.”
In this scenario, net commissions (the difference between commissions charged and paid by the bank) rose to 188 million euros, up 13.5% from the first quarter of 2024.
The loan portfolio granted to customers reached 80.764 billion euros in the first three months of the year, a 4.8% increase over the same period in 2024, with the non-performing loan ratio (delays or defaults in loan repayments) at 2.16%.
The total assets of the Bankinter group were 123.851 billion euros at the end of March, showing a 9.7% increase from a year earlier.
The return on equity (ROE) rose to 18.8%, compared to 17.9% at the end of 2024.
In the statement released today, Bankinter emphasized its ongoing market share growth “across all business lines and geographies,” consolidating a “profitable and increasingly diverse growth trend,” which is reflected “in the very positive metrics of key performance indicators.”
