Data from the European Banking Authority transparency exercise places Bankinter among the most solid banks on the continent
The results of the transparency exercise announced today by the European Banking Authority reveal that the equity situation of Bankinter in terms of capital, solvency, margins, profits and asset quality is above the Spanish and European financial sector average, and among the best on the continent.
In this exercise, which is a prelude to the stress test to which the biggest European banks will be subjected next year, the financial situation and balance sheets at the close of 2014 and of the first half of 2015 is revealed for a total of 109 participating banks, 14 of which are Spanish. This panel collects a complete overview of the composition of its capital, its leverage, the type of non-performing assets, sovereign risk and exposure to risk credit.
This new transparency exercise will serve to strengthen the confidence that the markets have in the financial sector, as well as to make more homogeneous the ways of representing the data according to different banks and countries, which is, sometimes, very disparate, hindering any type of comparative calculation. In this sense, Bankinter considers that the new framework will serve to showcase the competitive edges of the balance sheet and of the income statement of the institution in a transparent way and on a European scale.
In this current picture of European banking announced today, it was brought to light that the data related to Bankinter is an accurate reflection of the data presented by the institution on the dates in question. According to this, Bankinter had at the close of last year and halfway through 2015 a tier 1 capital ratio of 11.87% and 11.82%, respectively, which would not be affected by the new taxation of monetizable deferred tax assets (DTA) due to the practically irrelevance of its figure in the balance sheet of the bank.
Similarly, the margins of the income statement, especially the interest margin, would not be affected by the application of any type of contingency regarding the elimination of floor clauses of mortgages, since this type of clause does not exist in the institution's mortgages.
The information on the results of the aforementioned transparency exercise as well as the appended report can be consulted at the following links:
https://www.eba.europa.eu/news-press
https://www.eba.europa.eu/documents/10180/1280454/ES_VWMYAEQSTOPNV0SUGU82_TR_2015.pdf