The Bankinter financial group, present in Portugal, had profits of 270.1 million euros in the first quarter of this year, an increase of 34.5% than in the same period of 2024, the bank announced Thursday.
The result before paying taxes ascended to 378.4 million euros between January and March, 15.8% more than in the first quarter of last year.
In Portugal, where it is since 2016, the result before tax payment in the first quarter of the year was 56 million euros, 19% more than in the same months of 2024.
Banco highlighted, in a statement issued Thursday, which maintains in the Portuguese market “a strong growth trend in all rubrics” of the results, highlighting a “especially significant growth” of 19% of customer resources, which reached 9 billion euros in the first quarter.
The credit portfolio in Portugal stood at 10 billion euros, similar to that released by the bank at the end of 2024.
Globally, the gross margin (which reflects the set of revenues) Bankinter, which operates in Spain, Ireland and Portugal, grew 11.1% in the first quarter of 2025, compared to the same period of 2024, and reached the 732 million euros.
According to Bankinter, “in the evolution of the gross margin had a remarkable weight the good performance of the commissions for the various services that the bank provides to customers”, which increased 9.8%to 234 million euros.
This “strong growth in revenues from the typical business with customers” allowed to compensate “the pressure that the interest rates of interest rates generated on interest margin that, despite the growth in credit volume, decreased by 6.4% over the first quarter of 2024, and 1.7% compared to the last quarter to 541 million euros”.
In this context, net committees (difference between commissions charged and paid by the bank) ascended to 188 million euros, 13.5% more than in the first quarter of 2024.
The credit portfolio granted to customers reached 80,764 million euros in the first three months of the year (4.8% more than in the same period as 2024), with the rate of slowness (delays or defaults on paying loans) to be located at 2.16%.
The total assets of the Bankinter group were 123,851 million euros at the end of March, 9.7% more than a year earlier.
The profitability on the own capital (ROE) reached 18.8% (it was 17.9% at the end of 2024.
In the statement issued Thursday, Bankinter stressed that it continues to increase the market share “in all lines of business and geographies”, “consolidating a profitable and increasingly diverse growth trend”, which is reflected “in the very positive values of the main indicators” of results.
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