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ING and MyInvestor continue to lead online banking deposit capture until June

Evo Banco is the only digital entity that registers net deposit outflows.

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ING and MyInvestor continue to lead online banking deposit capture until June

Evo Banco is the only digital entity that registers net deposit outflows

MADRID, 17 Sep. (EUROPA PRESS) -

The banks ING and MyInvestor continued to lead the collection of deposits from online banking clients until June, after having already done so in the first quarter of the year, according to data from their balance sheets published by the Bank of Spain and consulted by Europe Press.

The highest volume was for ING, as it accumulates more business than the rest of the online banks combined. The Spanish branch of the Dutch bank closed June with total customer deposits of 47,678 million euros, which represents an increase of 3,348 million compared to the end of the previous year.

In second position was MyInvestor, which has raised 796.1 million euros, which means multiplying by 2.2 the liabilities it had at the end of 2022, up to 1,443.9 million euros.

The 'podium' is closed by Orange Bank, which has managed to go from 345.7 million in deposits in December 2022 to 916.1 million in June 2023, which represents an increase of 165% in just six months and 570.4 additional millions.

Openbank, the digital bank of Banco Santander and the second largest online entity in Spain, closed June with customer liabilities on the balance sheet of 14,621.9 million euros. That is, it raised 531 million in the first six months of 2023, which represents an increase of 3.8%.

On the other hand, Wizink Bank captured deposits worth 359.6 million euros, up to a total of 3,190.2 million euros, 25.9% more than six months earlier.

Particularly noteworthy on this list is the appearance of Renault Bank, which also offers interest-bearing accounts and time deposits in Spain. The entity closed the semester with total customer deposits of 1,157.7 million euros, 41.1% more than in December.

N26 captured 116.8 million in deposits, up to 567.7 million (25.9%), while Banco Pichincha's customer liabilities stood at 2,246 million, 5.3%, equivalent to 113.6 million euros .

Among all online entities, the only bank that closed the semester with net outflows of deposits was Evo Banco, owned by Bankinter. The entity closed June with a total of customer financial liabilities at amortized cost of 3,738.2 million euros, which implies a decrease of 2.4% and a fall of 90.3 million euros compared to December 2022.