Bankinter (BKT) investor relations material

Executive summary

• Net profit for H1 2025 rose 14% to €542M, driven by strong commercial activity, customer volumes up 9%, and robust growth across all business lines.

• Maintained sector-leading cost-to-income ratio at 36% and ROTE at 19.5%, with high asset quality and digital transformation initiatives enhancing efficiency.

• Total assets increased 11.3% to €131.7B, with customer loans up 5.8% and retail customer funds up 6.2%.

• Off-balance sheet managed funds and AUMs grew 17.7% and 18% year-over-year, reflecting strong performance in investment and wealth management.

• Celebrated 60th anniversary, maintaining presence in four countries and over 6,600 employees.

Financial highlights

• Net profit reached €542M, up 14% year-over-year; gross operating income increased 6% to €1,494M.

• Net interest income for H1 2025 was €1,101M, down 5% year-over-year, but showed sequential improvement in Q2.

• Net fee and commission income rose 11% to €380M, with fund management and brokerage fees up 13%.

• Operating expenses rose 11% to €536M, with pre-provision profit up 3% and profit before taxes up 7%.

• Customer lending, retail deposits, and AUMs grew 6%, 6%, and 18% year-over-year, respectively.

Outlook and guidance

• Targeting mid single digit loan growth across all regions and segments for 2025, with continued focus on profitable organic growth and digital transformation.

• Expecting flattish NII for the full year, with client margin managed near 2.7% and deposit costs targeted below 80 basis points.

• High single digit fee income growth targeted; cost growth to remain low to mid single digit, aiming for positive operating jaws.

• Committed to surpassing €1B net income in 2025.

• Strategic focus on higher quality products and services to sustain revenue growth despite lower interest rates.