Better outlook

In 2018, Bankinter once again demonstrated its solid ability to improve the most relevant capital adequacy, liquidity, asset quality and profitability financial ratios.

This can be seen in the improved rating or outlook assigned by two of the most important credit rating agencies in the world: S&P Global and Moody´s. This facilitates its deposit taking and financing capacity on the markets and preserves the privileged position of the Bank with respect to its size.

The changes in relation to the Bank's rating in 2018 were as follows:

  • In April, S&P Global Ratings raised Bankinter’s long-term credit rating by one notch, from BBB to BBB+, preserving the short-term rating at A2 and defining the outlook of both ratings as ‘stable’. The agency largely based these decisions on Bankinter's improved liquidity profile and its reduced reliance on short-term wholesale funding.
  • In October, Moody's Ratings Limited ratified Bankinter's long-term issuer rating as Baa2 and the short-term rating as P-2, whilst improving the outlook from ‘stable’ to ‘positive’. According to the agency, this improvement is attributable to the ‘solid quality of Bankinter's assets, and the agency's expectations of an additional improvement in the coming 12-18 months, particularly in terms of its capital adequacy after the successful implementation of the new IFRS9 requirements, and the recent acquisition of EVO Banco’.

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