On the stock markets, the COVID-19 pandemic also determined how the year went. The main indicator of the Spanish stock market, the Ibex 35, fell 15% compared to the end of 2019. The Ibex 35 lost more than 30% at various points during the year as a result of the high volatility experienced by the capital markets. The financial sector was one of the hardest hit by this difficult environment, with all banking stocks in negative territory at the close. Spanish listed banks reported an average 31% loss compared to the previous year at the end of December
In this difficult context, Bankinter's shares showed a modest performance: with a 32% fall in the quoted price. The Bank's market capitalisation at 31 December 2020 stood at 3.977 billion euros. Shareholder return — including dividend yield — was negative, at -31%. Moreover, the dividend yield was especially affected by the European regulator's limitation on the payment of dividends by the financial sector. Accordingly, no dividends have been paid to date against the 2020 financial year. A final dividend is pending after the closing of the financial year and the relevant authorisation by the regulator.
At the end of 2020, Bankinter, S.A.'s share capital was represented by 898,866,154 fully subscribed and paid shares with a par value of 0.30 euros each. All the shares are represented by book entries, admitted for listing on the Madrid and Barcelona Stock Exchanges and traded on the Spanish continuous market.
Bankinter had 57,878 shareholders at 31 December. Residents in Spain held 55% of the share capital and non-residents the remaining 45%. Registered shareholders with more than 5% of the share capital are detailed in the table below.
Key data and ratios for Bankinter shares in 2020 are detailed in the following tables:
Shareholders with significant holdings. 31.12.2020 |
||
Name |
Total shares |
% |
Cartival, S.A. |
208,410,131 |
23.19 |
Corporación Masaveu, S.A.* |
44,959,730 |
5.00 |
Shareholder structure by number of shares |
|
|
||
Tranches |
No. of shareholders |
% |
No. of shares |
% |
De 1 a 100 acciones |
16,168 |
27.93 |
254,099 |
0.03 |
De 101 a 1,000 acciones |
18,898 |
32.65 |
9,431,253 |
1.05 |
De 1,001 a 10,000 acciones |
19,161 |
33.11 |
63,503,178 |
7.06 |
De 10,001 a 100,000 acciones |
3,369 |
5.82 |
79,162,405 |
8.81 |
Más de 100,000 acciones |
282 |
0.49 |
746,515,219 |
83.05 |
Total |
57,878 |
|
898,866,154 |
|
Summary by type of shareholder |
|
|
||
Type |
No. of shareholders |
% |
No. of shares |
% |
Residentes |
57,097 |
98.65 |
492,836,919 |
54.83 |
No residentes |
781 |
1.35 |
406,029,235 |
45.17 |
Total |
57,878 |
|
898,866,154 |
|
Data per share for the period, at 31/12/2020 (euros) |
|
Earnings per share in 2020 |
0.33 |
Dividend per share in 2020 |
0.10 |
Book value per share |
5.52 |
Share price at beginning of period |
6.53 |
Minimum share price in 2020 |
3.00 |
Maximum share price in 2020 |
6.74 |
Last share price in 2020 |
4.42 |
Performance over last 12 months (%) |
-32.27 |
Stock market ratios at 31.12.2020 |
|
Price/book value (times) |
0.80 |
PER (price/earnings, times) |
12.53 |
Dividend yield (%) |
2.21 |
Number of shareholders |
57,878 |
Number of shares |
898,866,154 |
Number of shares of non-residents |
402,161,637 |
Average daily trading volume in 2020 (number of shares) |
4,370,561 |
Average daily trading volume in 2020 (thousands of euros) |
18,555 |
|
|
Market capitalisation (thousands of euros) |
3,976,584 |
No interim dividends out of profit for 2020 were distributed in the first half of 2020 in accordance with recommendations issued by supervisors to improve the Group's ability to help support the economy given the crisis caused by COVID-19.
Dividends distributable charge to profit for 2020, excluding treasury shares held by the Bank:
Distribution of dividends |
|
|
||
Payment date |
Dividend per share (euros) |
No. of shares |
Amount (euros) |
Corresponding year |
mar-2021 |
0.04976381 |
898,866,154 |
44,724 |
2,020 |
Bankinter has a Level 1 ADR programme managed by Bank of New York-Mellon, with 118,882 ADRs outstanding at the end of 2020. This allows US residents to invest in foreign companies through a US dollardenominated product and to receive dividend payments in their own currency.
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