Increased Bankinter earnings by 14% to reach 542 million during the initial six months
Bankinter, a Portuguese banking institution that has been operating in the country since 2016, has reported a steady expansion of its financial performance during the first half of 2025. The bank's pre-tax profit reached €104 million, marking a 2% increase year-on-year, despite a 15% rise in expenses driven by investments in new projects and technology.
One of the key areas of growth for Bankinter Portugal has been its credit portfolio. Customer lending increased by 11% year-on-year, reaching around €10 billion. Retail banking loans grew by 12%, while corporate/SME banking loans grew by 8%, amounting to €11 billion combined. This growth in lending is a testament to Bankinter's commitment to supporting its Portuguese clients and fuelling the local economy.
The bank's customer resources, including deposits, also saw a significant boost, growing by 20% year-on-year to €10 billion. This strong deposit inflow and resource accumulation in the Portuguese business signal a positive trend for Bankinter's growth in the country.
In addition to its credit portfolio and customer resources, Bankinter Portugal also reported growth in Assets Under Management (AUM) and Assets Under Custody (AUC). AUM increased by 17% and AUC by 8% year-on-year, amounting to €5 billion each.
To ensure operational efficiency, Bankinter Portugal spread its costs more evenly throughout the year to avoid seasonality, leading to a slight increase in operating expenses (+15%). However, key income indicators such as net interest income and net fees rose slightly (1% and 4% respectively), contributing to a 3% increase in gross operating income.
Compared to the Bankinter Group as a whole, which showed strong growth with a net profit of €542 million and a customer lending increase of 6%, the Portuguese operation's growth in loans and deposits notably outpaced the group averages.
In conclusion, Bankinter Portugal is expanding its credit portfolio and client resources steadily, investing strategically in technology and growth projects, while maintaining profitability. This solid foundation sets the stage for future expansion and continued success in the Portuguese market.
What factors contributed to Bankinter Portugal's steady expansion during the first half of 2025? The bank's growth in credit portfolio, customer resources, Assets Under Management (AUM), and Assets Under Custody (AUC) all showed significant improvements, with a 12% increase in retail banking loans, a 20% growth in customer deposits, a 17% rise in AUM, and an 8% growth in AUC. Furthermore, the bank's strategic investing in new projects and technology also played a crucial role in its operational expansion and profitability.
