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Bankinter's chairman takes his leave at the Annual General Meeting, emphasising his pride at having had the opportunity to contribute to the “extraordinary progress” made by the bank
- Pedro Guerrero emphasised in his speech that the bank has established “a far more diversified, profitable and resilient business model.”
- María Dolores Dancausa, chief executive officer of Bankinter, emphasised that the bank “has doubled its total assets, and achieved a 5.6-fold” increase in its profits since 2010, in addition to expanding internationally in the Eurozone and strengthening its diversification.
- The CEO dedicated offered her gratitude and recognition to the bank's 6,500 professionals, who are “the true architects” of what the banks represents today, and also to the chairman for his outstanding contribution to the Group over 33 years and his “brilliant career and leadership”.
- Gloria Ortiz is appointed executive director by the Annual General Meeting and appointed by the board as the new chief executive officer.
Bankinter successfully launches an issue of subordinated debentures for 200 million euros
- The placement was carried out in just three hours and was aimed at institutional investors.
- It registered a demand of 1.9 times the amount offered, reaching over 390 million euros.
Bankinter avoids emissions equivalent to 177,000 tonnes of CO2 thanks to its green bonds
- The methodology used to calculate environmental impact and the savings achieved was developed by an independent adviser (Ecodes) specialised in green economy.
- With an allocation of 371 million euros, photovoltaic energy accounts for the largest share of renewable energy projects.
Bankinter is reinforced as one of the 22 most valuable Spanish brands after increasing its value by 15% in 2023
- The Bank renews its position in the “Best Spanish Brands” ranking, according to the biennial report published by the consulting firm Interbrand.
- The Bank records its largest increase in brand value of the last 15 years, currently standing at 379 million euros.
Bankinter achieved a record recurring profit of €845 million euros in 2023, up 51% versus 2022, with the best figures on record in all the businesses and countries it operates in
- The bank has consolidated a year of strong growth in all income statements, with a gross operating income (which covers all income) which reached €2,661 million, up 28%, thanks to the favourable evolution of rates and a boost in commercial activities.
- The bank's balance sheet shows growth in all headings: lending (+4%), retail funds (+9%) and off-balance-sheet managed funds (investment and pension funds and wealth management/SICAVs) which grew by 18%.
- Return on equity, RoE, improved to 17.1%, the highest level seen in the last decade, with a ROTE of 18.1%. Cost-to-income ratio reached 37.3%.
Bankinter Broker launches a new space on its website to offer more information and market analysis to investors
- The leading stock broker in the retail segment launches “Market Vision” on its website to add to its existing array of tools designed to improve customers' investing skills.
- Created to enhance the decision-making of customers with positions in securities, investment funds and pension plans, the space is also open to non-customers.
- The new space will not only reflect the market vision of the Analysis and Markets area of Bankinter and Bankinter Gestión de Activos, but will include the vision of other prestigious asset managers, such as Blackrock, J.P. Morgan Asset Management, Fidelity, Invesco and WisdomTree, all of whom are participating in the launch.
Bankinter is holding the “12th Involved and Solidarity” event with the donations made by customers in their card purchases being donated to NGOs
- Pedro Guerrero, Chairman of Bankinter, rounded off the event with a speech in which he stressed that “we owe the concept of sustainability to the third sector”, and highlighted the 48 million actions carried out by these organisations every year.
- A total of 170 projects were eligible for the proceeds of this year's “Bankinter Solidarios” card.
- Throughout its history, this initiative has distributed 612,000 euros to various organisations, foundations and associations with a social purpose.
- The founder of the NGO NASCO Feeding and winner of the 2021 Princess of Girona Social Award, Ousman Umar, was the star guest at the event.
Bankinter's Board proposes María Dolores Dancausa as Non-Executive Chair to replace Pedro Guerrero, and Gloria Ortiz as new Chief Executive Officer
- Pedro Guerrero Guerrero will end his term as Chairman of the Board of Directors of Bankinter, per his own request, on 21 March 2024, after a brilliant career of 17 years at the helm of the Board.
- The Board will nominate the bank's current CEO, María Dolores Dancausa Treviño, as non-executive Chairman of the Board of Directors, and current Head of Commercial Banking, Gloria Ortiz Portero, as Chief Executive Officer.
Bankinter and the Thyssen-Bornemisza Museum make art more accessible with subtitled sign language guides
- The agreement between the two entities, signed at the time by Bankinter chairman, Pedro Guerrero, and the managing director of the museum, Evelio Acevedo, makes it possible for people with hearing impairments to enjoy a selection of 50 masterpieces from the permanent collection.
- These portable multimedia devices, which integrate sign language and subtitles, are now available at the museum for visitors who require them.
Bankinter reinforces its position as one of the most sustainable banks in the world after completing six years in the Dow Jones Sustainability index
- The entity manages to renew its inclusion in this prestigious international index, which recognises the companies with the best performance in ESG criteria (environmental, social and governance).
Bankinter Consumer Finance and Sonae materialize their joint venture to grow in the consumer credit business in Portugal
- The alliance has become a reality today and Universo is now equally owned by Sonae and Bankinter Consumer Finance.
- Universo's growth strategy focuses on creating a leading company in consumer credit in Portugal, providing a diversified offer of innovative and simple solutions and opening the way to internationalisation.
Bankinter had a profit of €685 million at the end of the third quarter, up by 59%, and placed profitability at its highest levels in recent years
- All account margins have seen significant growth: net interest income up by 54% and gross operating income up by 32, exceeding €2 billion euros, on account of the change in interest rates and greater commercial activity.
- Lending and retail funds rose at rates close to 3%, and off-balance-sheet managed funds (investment and pension funds and wealth management/SICAVs) increased by 17%.
- Return on equity, RoE, improved to 17.1%, six percentage points more than a year ago, the highest level in the last decade, with a RoTE of 18.2%.
Bankinter launches a pioneering cloud solution to multiply the calculation capacity of its Capital Markets area
- The Digital Banking team increases the efficiency and speed of calculation procedures used by the bank in relation to its investment portfolio.
- The bank uses Microsoft software and technological solutions firm Murex to increase the speed and efficiency of systems to allow investments to be constantly measured.
Bankinter successfully launches an issue of senior non-preferred debentures for 500 million euros
- The issue was targeted at institutional investors and all the securities were acquired in just four hours.
- The placement registered a demand of 2.6 times the amount offered and reached over 1.3 billion euros.
Bankinter reinforces its position as one of the most sustainable banks in the world with renewal of its membership of the prestigious FTSE4Good index
- The bank has been included in this index, which was created in 2001, for 22 years, reflecting its performance in the three areas of sustainability: environmental, social and governance (ESG).
- Bankinter has also been a member of the highly regarded Dow Jones Sustainability Index World - which includes the most sustainable international companies - for five years.
Bankinter again obtains the best score among Spanish banks in the European Banking Authority's stress tests
The CET1 capital ratio would experience an impact of 165 basis points in the adverse scenario, the lowest in the Spanish banking sector and the fifth lowest among the 70 European banks analysed.
Bankinter would maintain its CET1 fully loaded capital ratio at the end of the period in question, in 2025, comfortably above the minimum regulatory requirements.
Bankinter recognised profit of 418 million euros up to June, up by 54.2%, with growth in all business lines and Group subsidiaries
The bank saw major improvements in all account margins: net interest income up by 60.5% and gross operating income up by 32.7%, on account of the change in interest rates and the volume of new business and customers..
Bankinter strengthened its balance sheet with growth both in loans and receivables to customers (+3%) and in funds, off-balance sheet managed funds, which increased by 11.9%.
The return on equity, RoE, improved to 15.5%, the highest level seen in recent years, with a ROTE of 16.4%..
Bankinter sets a milestone in innovation by integrating the business version of ChatGPT, guaranteeing data confidentiality
- The Bank is drawing on Microsoft's Azure OpenAI technology to launch a proprietary version of GPT technology for internal use only, allowing employees to use generative artificial intelligence models on a trial basis.
- The objective is to gradually incorporate new utilities, the first being its use as a virtual assistant to enhance and speed up the management of documents, reports and texts in the different areas of the Bank.
- The end goal of this initiative is to feed information from the Bank into the existing model in order to create new applications and to extend its use as a corporate tool within Bankinter Group.
The EIB and Bankinter generate €500 million of funding for SMEs, mid-caps and green projects
- • The European Investment Bank has agreed a Bankinter €250-million covered bond that will enable the financial institution to generate up to €500 million of credit to support SMEs, mid-caps and green projects by individuals.
- • 20% of the funds will be used to foster energy-efficiency projects.
- • These developments will be in Spain, mainly, and in Portugal, with up to 50% of the projects expected to be in regions covered by the EU's cohesion policy.
Bankinter and the Foundation for the Development of New Hydrogen Technologies in Aragon sign an agreement to promote business projects
Companies associated with the Foundation for the Development of New Hydrogen Technologies in Aragon will be able to access financing for initiatives related to the production, sale and distribution of hydrogen as a form of sustainable energy.
In addition, the bank will offer member companies a wide range of financial products and services under advantageous conditions.
Bankinter Consumer Finance and Pontificia Comillas University hold the Sixth Business Ethics Research Awards
Cristina Díaz de la Cruz and Rubén Eduardo Polo Valdivieso, from the Universidad Técnica Particular de Loja in Ecuador, win this year's edition of the Business Ethics Research Awards for their co-authored work entitled "Competencies for sustainability: Insights from the encyclical letter Laudato Si".
The winning entry takes Pope Francis' encyclical letter Laudato Si to identify the competencies that need to be fostered in organisations promoting a culture of sustainability.
The number and relevance of the near 300 entries received further consolidates the importance of this well established award.