Business in other countries

Bankinter Portugal continued to grow at a good pace in 2025, with a pre-tax profit of 209.7 million euros (+7.4%), gross operating income of 366.7 million euros (+5.9%) and operating profit of 247.0 million euros (+4.9%). This solid growth was accompanied by a positive performance in the cost-to-income ratio, which stood at 32.8%, while the NPL ratio was 1.44%, a controlled level consistent with the bank's risk profile. As for the contribution to gross operating income by business area, the Wealth and Retail Banking business accounted for 49%, Corporate & SME Banking accounted for 34% and Bankinter Consumer Finance accounted for 17%.

Wealth and Retail Banking reported growth in its main segments due to the strong increase in off-balance-sheet funds (+1,300 million euros) and the positive performance in on-balance-sheet funds (+280 million euros). The loan book increased by 10%, raising the overall business volume to 13%. The dynamic trend in customer acquisition also stands out (+33% growth in new digital sign-ups) along with a significant improvement in satisfaction.

Corporate & SME Banking reported a business volume of over 4,000 million euros in the Corporate area. The mid-corporate Banking segment remained stable with a business volume of 2,188 million euros and an increase in customers of 9.9%, while managed business volume in the Business segment grew to 3,058 million euros (+15%). The International Business recorded one of its best years, with a business volume of 664 million (+16%) as well as strong growth in funds denominated in foreign currency (+53%) and international customers (+20%).

Bankinter Investment reinforced its investment proposition in real economy assets, aimed at private banking and institutional customers, launching its 30th investment vehicle in nine years to acquire Torre Oriente. It also took part in the syndicated financing for the construction of the new Lisbon East Hospital, a key project in the country.

Bankinter Consumer Finance marked a solid performance, with gross operating income up by over 11% and consumer credit production increasing by 19%. Credit risk exposure exceeded 316 million euros, with more than 124,000 active contracts and progress was made in the digitalisation of payment methods.

Bankinter asset management had the best year in its history in 2025, closing the period with assets under management of 1,822 million euros (+43%), driven by the performance of the markets and strong commercial activity. Investment funds (+52%) and portfolio management (+39%) were the main highlights, with strong growth in unit linked products. Bankinter Life Insurance reported over 430 million euros in direct insurance production and premiums increased by 62%, well above the market average. Unit linked products (+402%) and life risk insurance (+8.4%) stood out, with mathematical reserves of 1,800 million (+20%).

In 2025, Bankinter continued to consolidate its position and growth path, advancing in the improvement of its value proposition with the launch of the instant payments service and the verification of the final beneficiary in transfers. These solutions contribute added value to customers and the organisation.

The year ended with record results. Assets under management, excluding SICAVs, grew by 26%, while assets under management in SICAVs increased by 16%. Also noteworthy is the strong credit performance through Lombard loans, which closed the year with record growth of 43%.

Bankinter strengthened its presence in Ireland in 2025 with the official conversion of its subsidiary Avant Money into a branch. In this context of structural change, the entity continued to show a solid and resilient commercial performance. Gross outstanding loans to customers reached 4,720 million euros (+23%), gross operating income stood at 117 million euros (+14%) and net interest income was 116 million euros (+16%).

In the retail commercial banking area, the Deposit Plus product was launched, the Group's first deposit marketed in Ireland under the Bankinter brand.

In the consumer lending area, the credit card and personal loan portfolios reached 1,064 million euros (+10%) and the Irish branch estimates that it holds a 6.7% share of the total market for new personal loans, including credit cooperatives.

The mortgage book totalled 3,655 million euros (+27%), including new mortgage loans amounting to 1,025 million euros (+21%), with an estimated share of 7.0% of the new mortgage market. This rapid progress was facilitated by the direct channel and through expanding its offer with the launch of the Flex Mortgage, a variable rate mortgage linked to the Euribor and a pioneering product in Ireland.

Bankinter made progress on the creation of a Large Corporate Banking division to support the growth of Irish corporates nationally and internationally. This initiative will contribute to strengthening diversity and competition in the large corporate banking and retail banking segments in Ireland.