Q2 2025 Bankinter SA Earnings Call Transcript
Key Points
- Bankinter SA (BKNIY) reported a net profit of EUR 542 million, with a return on tangible equity surpassing 19%.
- Customer volumes increased by 9% compared to the previous year, with assets under management rising by 18%.
- Fee income grew by 11%, contributing significantly to overall revenue growth.
- The company maintained a strong cost-to-income ratio of 36%, reflecting effective cost management.
- Bankinter SA (BKNIY) achieved double-digit growth in customer volumes in Portugal and Ireland, with 15% and 20% increases respectively.
- Net interest income (NII) faced challenges, with a decline in Euribor impacting asset yields.
- There was a quarter-on-quarter decline in assets under management (AUM) fees, attributed to market volatility in April.
- The company is targeting flat NII for 2025, indicating limited growth in this area.
- Loan growth in Ireland showed some seasonality, potentially affecting future performance.
- The integration of EVO Banco led to changes in deposit classifications, impacting cost management flexibility.
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 Bankinter 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 Laurie highlighting our 60th anniversary since our continued focus and adherence to our core values over the past 6 decades have been
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