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Bankinter earns 185 million euros in the first quarter, 20% more

MADRID, 20 Abr.

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Bankinter earns 185 million euros in the first quarter, 20% more

MADRID, 20 Abr. (EUROPA PRESS) -

The Bankinter Group obtained profits of 184.7 million euros in the first quarter of 2023, which represents 19.7% more than the result registered in the same period of 2022, as reported this Thursday to the National Commission for Stock Market (CNMV).

The entity indicates that it begins this 2023 consolidating its activity in all business lines and in the different geographies in which it operates. In this way, it points out that there has been a "strong growth" of all its margins, "despite the economic impact of the new tax and a market environment that is not exempt from difficulties".

At the end of March, the profit before taxes was 294.4 million euros, 37.4% more. The bank highlights that in this first quarter it has assumed the payment of 77 million euros for the new tax rate for the financial sector.

As for margins, the interest rate reached 522.2 million euros in the first quarter, which represents a growth of 63.2%, with a customer margin that has accentuated its upward trend, especially in the last two quarters.

Gross margin, for its part, stood at 615.9 million euros on March 31, representing an increase of 23.3%.