Bankinter (BKT) Q2 2025 earnings summary

Executive summary

• Net profit for H1 2025 reached €542 million, up 14–14.4% year-over-year, driven by strong commercial activity, innovation, and growth across all business lines and geographies.

• ROE reached 18.4% and ROTE 19.5%, both significantly above sector averages, with cost-to-income ratio at 35.9–36%.

• Digital transformation, including AI and cloud deployment, enhanced operational efficiency and productivity.

• Celebrated 60th anniversary, highlighting long-term growth, diversification, and presence in four countries.

Financial highlights

• Gross operating income rose 6% to €1,494 million, with net fees up 11–11.2% to €380 million.

• Net interest income declined 5–5.1% to €1,101 million, but rebounded sequentially in Q2.

• Customer lending increased 5.8–6%, retail deposits up 6–6.2%, and off-balance sheet funds up 17.7–18%.

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

Outlook and guidance

• Targeting mid-single-digit loan growth and high single-digit fee income growth for 2025, with revenue growth to exceed cost growth.

• Focus on profitable organic growth, digital transformation, and efficiency gains to sustain revenue and asset quality.

• Cost of risk expected at 35 basis points for the full year; committed to surpassing €1 billion in net income for 2025.