Results

Ratios

Efficiency, discipline and sustainability in a business model that creates value on a recurring basis.

Return. RoE of 18.9% (a historical figure) and ROTE of 20% (+100 basis points vs 2024)

Capital. Highest quality capital ratio, CET1, at 12.72% (+31 basis points vs 2024).

Non-performing loans. The NPL ratio stands at 1.94% (-17 basis points vs 2024), one of the lowest in the sector.

Liquidity. The deposit-to-loan ratio was 105%; an optimal level that reflects financial strength and stability.

Efficiency. Cost-to-income ratio of 36.1%, reinforcing the bank's leading position in Spain in the area of banking efficiency.

Balance sheet

The main balance sheet items reached record levels boosted by an effective business strategy and a strong brand.

Total assets. 131,000 million euros (+7.4% vs 2024).

Credit. The loan book grew to 84,100 million euros (+5%) in a highly competitive commercial environment.

Customer funds. 156,600 million euros (+11.3%), including retail funds (+6.1% to 88,100 million euros) and off-balance- sheet managed funds (with record growth of +18.8% to 68,500 million euros).

Income statement

Growth in volumes and a greater focus on activities commanding higher returns offset the impact of prevailing interest rates in the first part of the year.

Net interest income. 2,237 million euros (+1.8%).

Gross operating income. 3,047 million euros (+5%) supported by growth in net fee income (+10.9%) and the increase in business volumes with customers (+9%), which partially offset the decline in net interest income (-1.8%) in an environment of normalising interest rates.

Operating profit. 1,947 million euros (+5.4%). This includes a 4.3% increase in operating costs compared with 2024.

Wealth and Retail Banking

Significant growth in the individuals banking business.

Global assets under management reached 154,000 million euros, after growing by almost 21,000 million euros, due both to new net assets (10,000 million euros) and the market effect. Off-balance-sheet managed funds stood at 68,500 million euros (+18.8%), with notable growth in own investment funds (+24.3%). The balance of payroll accounts rose by 7% to 13,500 million euros. Bankinter Investment fortified its position of leadership in the alternative investment segment, with committed capital of 5,200 million euros and more than 15,300 investors. On the asset side, mortgage activity rebounded, reflected in both the balance of the mortgage book (+5%, to 38,300 million euros) and new loans (+10%, to 6,400 million euros).

Corporate & SME Banking

The upward trend seen in recent years has continued.

The business closed the year with a loan book of 36,700 million euros (+6%) and a market share of 6.6%. Highlights include growth in the loan book of the International Corporate Banking business, which has doubled in five years, to 11,000 million euros. Sustainability (ESG) is another differentiating factor, with new specialised solutions for customers.

*See the corresponding sections for more details.