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Bankinter Reports 34.5% Surge in Q1 2025 Net Profit, Excludes Banking Tax

The Spanish bank posted €270 million in net profit and improved capital and efficiency metrics, bolstered by diversified revenue growth across key markets.

Archivo - Fachada del banco Bankinter, a 4 de octubre de 2024, en Barcelona, Catalunya (España).
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Overview

  • Bankinter's Q1 2025 net profit rose to €270 million, a 34.5% year-on-year increase, with pre-tax profit up 15.8% to €378.4 million.
  • The bank excluded the €95 million special banking tax from its Q1 2025 accounts, enhancing comparability with prior periods.
  • Gross margin grew 11.1% to €731.7 million, driven by strong performance in Spain (+12%), Portugal (+7%), and Ireland (+9%).
  • Bankinter maintained a CET1 capital ratio of 12.35%, well above the 7.94% ECB minimum, reflecting robust financial stability.
  • Operational efficiency and asset quality remained sector-leading, with a 36.76% cost-to-income ratio and a 2.16% non-performing loan ratio.