MANAGE OR REJECT COOKIES.
The Investment Banking area, called Bankinter Investment, and Valfondo Management, manager of Montepino's logistics portfolio, are finalising a process aimed at continuing to promote the growth strategy introduced for the Montepino portfolio.
Throughout 2022, an investment of more than €300 million is planned to promote more than 350,000 m2 of GLA.
This process means Montepino's capital can be increased (reaching approximately €900 million) and more than 22 million new shares can be issued, which make up all the new shares offered in this operation.
The new shares have been subscribed at a unit value of €10.95, which equates to a revaluation of 9.5% compared to the value of the shares at the time the portfolio was acquired in May 2021.
Valfondo, since signing an agreement with Bankinter Investment for the acquisition of Montepino's logistics portfolio in May 2021, has managed - through Montepino - investments worth more than €100 million and has managed to make Montepino's asset portfolio appreciate by more than 6%.
The Bank delivers a record quarter, with earnings driven by the recurring banking business and topping pre-Covid levels.
Bankinter keeps up the strong level of commercial activity: year-on-year growth of 25% in new mortgages, 15.6% in customer deposits, 7.8% in lending, and 16.8% in investment funds.
The main management ratios illustrate the resilience of the business: improvement in return on equity (RoE) to 11.7%, in the cost-to-income ratio to 41.6% and in the non-performing loans (NPL) ratio to 2.2%.
Bankinter has also acted as placement agent and payment agent for the Green Bond issue placed by the renewable energy company on the Spanish Alternative Fixed-Income Market (MARF). Bankinter Investment has also advised Grenergy in obtaining a credit rating with Axesor Rating.
Bankinter Investment thus reinforces Bankinter's ESG position, as a facilitator of green financing for companies.
The report takes an in-depth look at the situation of the Spanish financial sector.
For the very first time, in this edition the consultant incorporates a new Sustainability ranking, led by Bankinter, which was put together by combining the analysis of the rating agencies with the vision of the users obtained from a survey.
El estudio busca aportar una radiografía de un directivo esencial en las compañías, así como las tendencias de evolución.
El 62% de los directores financieros encuestados considera que sus departamentos han ganado importancia en los últimos años y han evolucionado hacia un papel estratégico.
Las conclusiones apuntan los rasgos que definen al CFO del futuro, como son el afianzamiento de su rol estratégico en la empresa, así como de facilitador para otros departamentos y con equipos altamente preparados tanto en digitalización como en analítica de datos, entre otras características.
The CEO, María Dolores Dancausa, ratified before the shareholders the strategic commitment to reach a net profit of 550 million euros in 2023, without extraordinary items and without Línea Directa in the bank's scope.
Pedro Guerrero pointed out that for Bankinter " Sustainability is a strategic factor that has transversally permeated our activity for years."