Bankinter Securities

Bankinter Securities, the Bank's securities company, reinforced its organizational structure in 2016 through the creation of the Fixed Income Desk and the strengthening of the Research Desk which, together with the Equities Desk, constitute the core operating activities. These decisions are a forward-looking investment to help Bankinter Securities to best prepare for the expected upturn in the securities market, after underperformance of equities in 2016 in both Spain and Europe as a whole.

Traded volume during the year amounted to 28.47 billion euros, which represents a 2.18% market share after applications. Fee revenues totalled 9.65 million euros, and earnings before taxes amounted to 3.81 million euros.

International markets

In spite of the weakness of European securities markets, Bankinter Securities successfully maintained its strategy of orienting its activity towards international markets and increased its presence in France, the United Kingdom, Switzerland and Belgium. In 2016, the international market accounted for 30% of its income, compared to 22% in 2015. The company also developed its portfolio of high-end specialised clients (professional equities investors that operate on their own with the support of Bankinter resources).

The reorientation of the securities business is part of the process begun in December 2013 to supplement our service offerings towards a format that is more global and more oriented towards asset management and specialised advisory, in accordance with the standards of quality and efficiency that are the hallmarks of Bankinter.

Looking forward to 2017, Bankinter Securities intends to take advantage of the Bank's presence in Portugal to reinforce its international focus, as well as to obtain value from its new operating capacities.