“Portugal is a success story.” This is how Maria Dolores Dancausa, CEO of Bankinter, referred to the provision of the Portuguese branch. In six years, the bank (which bought Barclays’ retail network) went from 10.7 million euros of business to 17.2 “the bank’s name gained and the country”.

Still in relation to the business in the national market, Maria Dolores Dancausa revealed that the bank or positive results in all records. The bad debt portfolio, for example, is around 1.8%, below the average for the national financial system – data from the Bank of Portugal indicate a threshold of 4%.

As for the loan portfolio, it grew by 6% to 6.9 billion euros, with customer resources reaching 5.9 billion euros – which represents an increase of 23%. As for the growth data of the calculations, the data indicate a value of 22% to fa of growth values ​​of 4.4 billion

Made as an account, Bankinter Portugal, in the financial year of 202 million euros, obtained 11.99 million euros in interest margin, which represents an increase of five million euros (5%) compared to the 94 million euros obtained in 2020 Gross profit stood at 152 million euros, 10% more than in the previous year. The explanation, according to Maria Dolores Dancausa, lies in the good evolution of commissions, which totaled 61 million euros.
Still on the Portuguese operation, Bankinter’s CEO insisted on stressing that 2021 was “a magnificent year” and that the purchase decision, six years ago, signs a strategy of continuity and not of subsequent sale. In fact, an executive clearly stated that the objective of the financial institution is to lead organically and that the bank does not have any banking entity in Portugal.

Positive expansion on all fronts

In the bank’s overall results, Bankinter recorded, last year, 1.3 billion euros, having been, in the words of Maria Dolores Dancausa, a year of record growth, without concern for commercial activity: there was an increase of 58% in mortgage production, a 12% increase in fundraising and a 30% increase in investment funds.

The CEO’s results are largely due to the prior work of preparing and adapting to the pandemic, which are good results, in the midst of a year of financial recovery, in consistency of the value proposition and the potential of business lines” that are ” increasingly robust and diversified”.
The registered positive evolutions in all indicators, with the operating margin before provisions indicating the “historical value of more than one billion euros”, an amount that proves to be 13.9% higher than the bank registered in 2020 and by 19% more than the than the one achieved in the period before the pandemic, in 2019.