MANAGE OR REJECT COOKIES.
Bankinter Group is committed to expanding in digital banking with its purchase of a leading brand in this market, with 456,000 digital customers and state-of-the-art technological tools.
Acquiring the Irish affiliate, Avantcard, and incorporating its sound, profitable portfolio with growth potential, will boost the Group’s consumer finance operations, diversifying operations geographically.
The acquired businesses will have a very limited impact on capital of 99 million euros, 29 basis points off the fully-load CET1 capital ratio at the end of June.
This deal is still subject to approval from regulators and official bodies.
It is a digital, advanced technology tool for wealth analysis that the bank has created with the collaboration of Analistas Financieros Internacionales (Afi) which serves as essential support for managers as they accompany customers during the planning process.
The system uses algorithms and simulators which provide various planning options under different scenarios, while taking each customer's specific situation into account.
It generates an overview of the customer's financial, real estate and other assets, both within Bankinter and with other entities, which allows the manager to offer the customer various asset distribution alternatives, each of which is consistent with their specific needs.